SMEs to benefit from Sh110b Africa free trade area facility

AfCTA Secretary-General Wamkele Mene (left), Kenya National Chamber of Commerce and Industry President Richard Ngatia and the chamber’s Director of Economic Diplomacy Committee Kariuki Theuri (right), chat after a media briefing on Thursday. [Wilberforce Okwiri, Standard]

Small businesses in Kenya are set to benefit from a Sh110 billion trade facility to boost their market expansion under the African Continental Free Trade Area (AfCFTA).

This is ahead of a planned roll out of a payment facility to ease currency convertibility across the continent.