Visa barriers set for ouster after African trade bloc Comesa launches digital payments system
The initiative seeks to assist medium, small and micro enterprises, who account for 80 per cent of business and 60 per cent of employment in member states, but have to deal with “cumbersome, insecure and expensive” cross-border payments systems, he said.
China’s Shenzhen investment group targets 400 million consumers in COMESA bloc as it sets base in Kenya
Kenya is emerging manufacturing zones ranging from Export Processing Zones (EPZs) in Athi River to Special Economic Zones (SEZs) in Dongo Kundu, Eldoret and Naivasha, are set to benefit from such collaborations, especially as the country seeks to raise its manufacturing contribution to GDP from 7.6 per cent to 20 per cent by 2030.
