Kenya-Tanzania trade ties strengthened as key exports resume at Namanga border

Business
By David Njaaga | Mar 22, 2024
Investments, Trade and Industry, Cabinet Secretary Rebecca Miano (centre) with her Tanzanian counterpart Stephen Byabato and other officials in Kisumu.[Standard, File]

Kenya and Tanzania have announced the resumption of key exports and the clearance of previously detained goods at the Namanga border.

The breakthrough was achieved during the Eighth Joint Trade Committee (JTC) meeting, which began on March 18 and concluded today, March 22, in Kisumu.

The meeting was co-chaired by Cabinet Secretary for Investments, Trade and Industry, Rebecca Miano and her Tanzanian counterpart, Stephen Byabato.

The leaders agreed on the resumption of tea exports to Tanzania, the clearance of Konyagi spirit at Namanga, and the clearance of timber at the Lunga Lunga/Horohoro border point.

The meeting addressed a total of 14 issues, six pertaining to Tanzania and eight to Kenya.

Among the issues discussed were the holistic harmonisation of levies, fees, charges and other conditions affecting trade between the two countries.

The meeting also resolved to enhance the monitoring and reporting mechanisms for the agreed areas of commitment.

The next meeting is scheduled for July 2024 in Tanzania.

Miano said Presidents William Ruto and Samia Suluhu had reaffirmed their commitment to strengthen trade, investment and economic cooperation.

"They have directed their respective trade ministers to address all issues that affect trade with a view to enhancing trade between the two nations," said Miano.

Share this story
Susan Kibue: Kenya's first female professor of architecture
Since April Kibue has had a hard time getting used to the title “Professor”. In any case, it has taken the country more than 60 years to produce the first female professor of architecture.
Inside government's direct tech-driven VAT refunds plan
Kenyans are set to start receiving Value Added Tax (VAT) refunds directly as the government plans to make deductions at the retail level.
From rot to revenue: How farmers are redefining waste into wealth
When most people think about livestock, the first thing that comes to mind is meat. Yet, beyond the steak and stew is some value chain rich with untapped potential.
Kenyans grapple with stagnation, decline in earnings
Most Kenyans reported a stagnation or decline in their earnings over the quarter to September compared to a similar period last year, pointing to the difficulties that they continue to grapple with.
Regional units push Equity profit to Sh52.1b as Kenyan economy slows
Equity Group has reported a 32.66 per cent surge in its third-quarter net profit, which climbed from Sh39.2 billion in the previous year to Sh52.1 billion,.
.
RECOMMENDED NEWS