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Kenya unveils online trade portal to ease import, export trade
Kenya has unveiled a trade portal to serve as a one-stop-shop for traders seeking to import or export various commodities from Kenya. The online platform consolidates 73 exports documents and 52 imports documents with the aim to assist about 1.5 million users per month. Amos Wangora, CEO of Kenya Trade Network Agency joins CNBC Africa for more.
Wed, 22 Nov 2017 10:38:39 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The online portal consolidates 73 export documents and 52 import documents, providing traders with quick and easy access to essential trade information
- The user-friendly interface of the portal simplifies the trade process, offering step-by-step guidance on regulatory requirements, contact details, processing times, and costs
- The initiative aims to benefit 1.5 million users per month and has the potential to enhance cross-border trade with neighboring countries while complementing existing trade facilitation strategies
Kenya has taken a significant step towards revolutionizing its import and export processes with the launch of an innovative online trade portal. The new platform, unveiled by the Kenya Trade Network Agency, aims to serve as a one-stop-shop for traders seeking to conduct cross-border trade with ease and efficiency. The portal consolidates a staggering 73 export documents and 52 import documents, providing users with quick and easy access to essential information required for importing and exporting various commodities. This groundbreaking initiative is set to benefit approximately 1.5 million users per month, marking a major milestone for the country and positioning Kenya as a pioneer in trade facilitation in Africa.
Amos Wangora, CEO of Kenya Trade Network Agency, highlighted the importance of the portal in simplifying the trade process for importers and exporters. The challenge of accessing comprehensive and up-to-date trade information has long plagued the industry, with traders struggling to navigate the complex requirements for importing and exporting goods. The new portal addresses this issue by providing a user-friendly interface that guides traders through the necessary steps for each commodity, including details on regulatory institutions, contact persons, processing times, and associated costs.
The streamlined approach offered by the online portal represents a significant departure from the traditional methods of gathering trade information, which often involved tedious manual searches and lengthy processing times. With just a click of a button, traders can now access a wealth of information that was previously scattered across multiple platforms, significantly reducing the time and effort required to complete trade transactions.
One of the key aspects of the online portal is its potential to enhance cross-border trade, particularly with neighboring countries such as Uganda and Somalia. The informal sector, which plays a significant role in cross-border trade, stands to benefit from the portal's easy accessibility and user-friendly interface. Despite concerns about the digital literacy of some traders, the increasing prevalence of smartphones and internet connectivity offers promising opportunities for the dissemination of trade information to a wide audience.
Addressing the issue of limited resources and competing approaches to trade facilitation, Wangora emphasized the importance of gradual progress in implementing trade reforms. While countries like Tanzania have adopted one-stop border posts to streamline cross-border procedures, Kenya's focus on establishing a comprehensive online trade portal represents a complementary strategy aimed at enhancing trade facilitation initiatives. By leveraging technology and strategic partnerships, Kenya is poised to create a more efficient and transparent trading environment that benefits businesses of all sizes.
Looking ahead, the integration of Wi-Fi services at border entry points and ongoing efforts to improve digital literacy among small-scale traders underscore Kenya's commitment to inclusivity and accessibility in trade facilitation. As the nation continues to advance its trade agenda, stakeholders can expect to see further enhancements to the online portal and continued progress towards simplifying the import and export processes for traders across the region.
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