news-details

Kippra: Addressing system key to unlocking continental trade

Kenya stands to benefit more from the African Continental Free Trade Area (AfCFTA) if the country puts in place a national addressing system which a think tank notes will also reduce the cost of doing business.

A national addressing system is a framework that provides for among others, naming and numbering of streets, numbering of properties such as buildings and parcels of land to facilitate identification and the location of a parcel or dwelling on the ground.

The Kenya Institute for Public Policy Research and Analysis (Kippra) says putting in place such a system would not only make cross-border payments easy but would also help settle disputes among traders.

Kippra says in a paper that digital trade is incomplete without an elaborate addressing system that facilitates the identification of the locations where buyers and sellers are based.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market