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Barriers add to cost of doing business

Published on July 12, 2017

Bureaucracy has been singled out as a major contributor to the high cost of doing business in Africa.

For instance, a container from South Africa takes three weeks, requires five sets of invoices, 28 Southern Africa Development Community certificates, 84 Customs stamps, 56 Customs signatures and 83 export documents before it can enter Angola.

Speakers at the annual general meeting of the African Export-Import Bank (Afreximbank) in Kigali cited this and similar trade barriers by African countries as the cause of the ever increasing cost of doing business on the continent. Read more. Source | East African