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The Africa Continental Free Trade Area (ACFTA) Agreement to boost SMEs across Africa.

Foreign Affairs and International Trade Cabinet Secretary Ambassador Monica Juma says the Continental Free Trade Area (CFTA) will allow SMEs to expand beyond the country boundaries.

Ambassador Juma says that when the CFTA is ratified in September, SMEs and the informal sector will be allowed to move their goods and services across the continent.

“Across the continent, the informal sector is estimated to bring about an income of between 40 to 60 billion dollars a year… so the idea is to create a value chain that starts at the lowest level that creates that prosperity for Kenyans and any other African that is producing,” said Juma in a Capital in The Morning interview.

The CS is banking on Kenyan SMEs innovativeness and level of entrepreneurship to compete favorably at the continental stage when the trade barriers come down. Read more...

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