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Kenya and Malawi are the latest countries to surprise the markets with policy tightening, with price inflation and currency weakness remaining concerns in both countries.
The two presidents signed agreements on agricultural cooperation and tax solidarity.
The value of exports to Kampala hit $614 million in November 2023 as traders found the goods cheaper.
Official data shows that Kenya exported goods valued at Ksh105 billion ($648.95 million) to Uganda in the year to November 2023.