Kenya and South Africa have deepened their trade bonds within the African Continental Free Trade Agreement (AfCFTA).
They commit to easing the flow of products between their markets and addressing barriers to amplify intra-African commerce.
Kenya exports tea, coffee, fruits, and vegetables, while South Africa supplies iron, steel, fuels, machinery, wine, cars, fridges, and TVs.
South Africa initiated this collaboration by sending refrigerators, paperboard, and steel to Kenya during the 13th AfCFTA Council of Ministers Meeting in Durban, presided over by President Cyril Ramaphosa.
Kenya, an early AfCFTA adopter, expands exports beyond tea. The initiative aims to harness the vast market of 1.3 billion people and a combined GDP exceeding USD 3.5 trillion.
Despite the 2022 trade of R9.7 billion (Sh83 billion) with a South African surplus, AfCFTA implementation signals growth potential. Both nations leverage their AfCFTA Implementation Strategies, paving the way for heightened awareness among exporters.
In reciprocity, Kenya plans to dispatch its products to South Africa under AfCFTA soon, marking a pivotal stride in economic collaboration.
The proactive engagement of Kenya and South Africa establishes a model for other African nations, emphasizing the significance of regional cooperation and trade integration for continental economic growth.
