Kenya Private Sector Alliance (KEPSA) CEO Carole Kariuki during Presidential Economic Dialogue at Serena Hotel in Nairobi on June 2nd, 2023 [Boniface Okendo, Standard]
The lack of agreement among East African Community (EAC) countries on revenue collection processes is among the reasons for the slow growth of trade in the region.
Kenya’s apex private sector body has detailed how discordance among EAC countries holds back entrepreneurs in the region, particularly exporters and importers as respective jurisdictions impose different levies on the same products.
Kenya Private Sector Alliance (Kepsa) has also noted the lack of harmonised standards and compliance across the region as another barrier to trade.
Kepsa Chief Executive Carole Kariuki said products that comply with regulations in one member state may face challenges in another even when they originate from the same jurisdiction.
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