African trade boost
NAIROBI: African states are expected to meet the October deadline to establish the continent’s largest trading bloc by the end of this year.
Common Market for Eastern and Southern Africa (Comesa) secretary-general Sindiso Ngwenya said 21 out of 26 countries have so far signed an agreement to merge three regional blocs.
“The formation of the Tripartite Free Trade Area by combining the East African Community, the SADC and Comesa is going on as planned,” said Ngwenya. The five countries yet to ratify the agreement have made progress towards domesticating the deal.