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Originally published by The Standard Business
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August 21, 2025
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Ruto calls for enhanced Intra-Africa trade to combat extreme poverty

Ruto calls for enhanced Intra-Africa trade to combat extreme poverty

President William Ruto has emphasized the need for increased intra-African trade through the effective implementation of the African Continental Free Trade Area (AfCFTA)...

✨ Key Highlights

At the 9th Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan, President William Ruto called for enhanced intra-African trade to combat extreme poverty. He emphasized implementing the African Continental Free Trade Area (AfCFTA) and removing trade barriers.

  • Current intra-African trade stands at a mere 15% of the continent's total trade, which President Ruto aims to increase to 50% by 2035.
  • Key initiatives include reforming agriculture, establishing an African Credit Rating Agency, and bolstering public-private partnerships.
  • A Statement of Intent regarding the Samurai Bond was signed between Kenya's National Treasury and Nippon Export and Investment Insurance of Japan.

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