Platform to give SMEs a boost in intra-Africa trade
Thursday January 21 2021
Summary
Small and medium enterprises eyeing a slice of intra-Africa trade will now have a platform to ease transactions.
The Africa Continental Free Trade Area (AfCFTA) app will enable the SMEs to sell and buy goods via a cashless and contactless platform under the low duty regime that satisfies the “know-your-customer” requirements at banks and financial institutions.
AfCFTA trade promotion and programmes director Francis Mangeni said SMEs admitted onto the app will be issued with a mark of identity.
Small and medium enterprises eyeing a slice of intra-Africa trade will now have a platform to ease transactions.