Trade within the East African Community (EAC) rose by 22% in 2024 compared with 2023, surpassing $11 billion for the first time, according to the UN Economic Commission for Africa (ECA) in a statement released Monday, September 29, 2025.
The increase was fueled by agricultural and manufactured products such as textiles, chemicals, cement, and pharmaceuticals. The trend highlights the potential of regional value chains and the African Continental Free Trade Area (AfCFTA).
The growth comes at a time when several African countries face higher tariffs from the United States. Intra-African trade more broadly also expanded, with a 7.7% rise in 2024. The ongoing implementation of the AfCFTA is strengthening regional integration and diversifying both export baskets and destinations, reducing reliance on external markets.
To further boost regional trade, the EAC has adopted a 35% common external tariff, now applied to all goods imported into the bloc.
In 2022, then-EAC Secretary General Peter Mathuki had announced plans to introduce a single currency within four years to facilitate trade and deepen economic integration. That target has since been pushed back to 2031.
Over the same period, intra-African trade overall grew by 8.5%, far outpacing the 0.4% growth recorded in exports to markets outside the continent.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Mauritius will require foreign digital service providers to charge and remit 15% VAT from 1 January 2026. Companies earning more than MUR 3...
Kenya signed an MoU with the International Water Management Institute (IWMI) to expand and modernize irrigation systems. The 10-year National...
Shell plans to launch an exploration campaign of around five wells on PEL 39 starting April 2026. Shell recently booked a $400 million...
EUR 106 million allocated for project- and program-based technical and financial cooperation. EUR 100 million in direct budget support aligned with...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...