Official statistics underestimate total trade between Benin and Nigeria by 50% for imports, and by about 85% for exports.
A new customs management system means time of transit from Mombasa to Uganda has dropped from 21 days to just 4 days, boosting market competitiveness and lowering the cost of doing business.
Streamlining logistics and clearance is an existential issue for landlocked countries, but the coastal countries have the “luxury” of dysfunction.
WEF says African businesses can become far more competitive, but governments will need to improve access to finance, resist pressure to erect trade barriers, upgrade infrastructure, improve health and strength institutions
The report measures and analyses institutions, policies and services enabling trade in national economies around the world. In Africa, Mauritius has the best enabling environment for global trade.