African states urged to unite to boost regional trade

African states urged to unite to boost regional trade

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Nairobi, KENYA: The Kenyan government has called on all African states to find ways to make this continent more interlinked commercially as a way of growing the level of investments among themselves.

Speaking during the Kenya-Botswana Business Forum in Nairobi, Cabinet Secretary for Industry, Trade and Co-operatives Adan Mohamed has said despite the African market being small, the economies can take advantage of the opportunities the continent has to offer.

“A couple of weeks ago we had a meeting for all ministers of trade in Nairobi to discuss on how we can have a free trade area. This meant bringing together SADC, COMESA and EAC to create one trading bloc that covers over 26 countries in the continent and a population of 650 million people in Africa,” Mr. Mohammed said.

Mohammed noted that this was a journey towards establishing a continental free trade area in Africa; an objective set by heads of states at the African Union, AU.

“That way we stand a good chance of getting more intra-Africa trade. Bilateral arrangements between Botswana and Kenya will help increase the trade interactions among African states”, he remarked.

During the same forum that happened on Monday, Vincent Seretse, Botswana’s Minister of Investment, Trade and Industry said that Kenya and Botswana can work together to facilitate trade and make the best from their cordial diplomatic relations.

“We aim to promote Foreign Direct Investments and create a platform for mutually beneficial partnerships between Botswana and Kenya enterpreneurs,” Mr. Seretse said.

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“As governments we are opening doors to make sure that business players can make this happen and bring our countries closer together to build a free trade area in the continent,” Mr. Mohammed concluded.