Kenya: Kenya, Ethiopia Agree on New Cross-Border Trade Deal, Set Ksh500,000 Threshold for Small Traders

Kenya and Ethiopia have struck a new deal in a move aimed at strengthening trade along the two countries’ borders.

During a bilateral meeting between Kenya’s Trade Cabinet Secretary Lee Kinyanjui and Ethiopia’s Dr Kassahun Gofe, Minister of Trade and Regional Integration in Mombasa on Thursday, the leaders agreed to new trade zones.

The new trade zones allow small-scale traders to exchange goods worth up to $1,000 (Ksh129,000, translating to Ksh500,000 in the four months), four times a…