KNCCI Boss Richard Ngatia Calls for Intra-Africa Trade Boosting By More Than 50%
The Kenya National Chamber of Commerce and Industry (KNCCI) President Richard Ngatia has called African governments and the private sector to ensure they boost intra-African trade by over 50 percent in a bid to realize the economic potential that lies in the continent.
Gathogo Wanjiru 
While speaking during the Go Africa event whose theme was Promoting Inter African Trade and Investment, Ngatia underscored the importance of effectively using monetary and fiscal support to underpin the economic recovery where policy space remains available.
Ngatia spoke in presence of African Ambassadors to Egypt, 80 private sector firms from Kenya, and 120 private sector firms from Egypt.
According to KNCCI boss Ngatia, import duties, and non-tariff barriers should be eliminated from the economic bloc.
Ngatia also urged African states to effectively use monetary and fiscal support to underpin the economic recovery where policy space remains available.
“(We should focus on) expanding social safety nets and making growth more equitable to address increasing poverty (and also) scaling up active labor market policies to retool the workforce for the future of work,” added Ngatia.
The KNCCI boss urged governments and private businesses to boost structural transformation through digitalization and economic diversification to build resilience.
