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East African Community to benefit in new Sh12 billion AGOA protocol

Published on November 11, 2015

Exports from East African Community bloc to the United States, under the African Growth and Opportunity Act, will be increased by 50 per cent in five years, an official of the East Africa Trade and Investment Hub said yesterday.

The director for trade promotion and AGOA Finn Holm-Olsen said they will also bring in $100 million (Sh12.02 billion) in new investment to the region, which will create about 10,000 jobs in the period through to 2019.

He said the programme sponsored by the USAid will enable the business community in Kenya and the region to fully utilise AGOA. Read more. Source| Star