Tridge summary
President Samia Suluhu Hassan's inaugural visit to Kenya in May led to a significant boost in maize exports from Tanzania to Kenya, with the monthly export volume increasing more than sixfold from 16,137 bags in April to a record 118,329 bags in May. This increase followed a bilateral agreement that lifted the ban on Tanzania's maize exports that had been in place due to concerns about aflatoxin levels. The improved trade relations between the two countries, highlighted by a meeting between their presidents and the subsequent discussions to resolve business challenges, have resulted in a revival of economic activity and the normalization of trade at the Namanga border. This development is seen as a significant step towards enhancing intra-regional trade within the East African Community (EAC), with a goal of achieving at least 50% of intra-regional trade in the next five years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
THE maiden visit by President Samia Suluhu Hassan to Kenya has paid handsomely to traders in Tanzania and consumers in Kenya. President Samia met with her counterpart, Mr Uhuru Kenyatta and discussed different issues including addressing challenges in business between the two countries after a stint of controversy. The visit that was in early May has cleared the way for maize exports from Tanzania that was banned for a while by Kenyan authorities, with reports saying that volume of exports has surged to more than sixfold. Authorities in Kenya have unveiled figures jumping from 16,137 bags in April to a monthly record of 118,329 in May after the bilateral deal eradicated the restraints that Nairobi had imposed on Tanzania's maize export. Longido District Commissioner (DC), Mr Nurdin Babu confided with the 'Daily News' that Tanzanians have tapped the business opportunity wisely and that a lot of trucks are crossing the border with the cereal. "After the visit to Kenya by our ...
Source: All Africa
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.