BBC’s World Business news discusses the soon-to-be-effected East African common market. The common market will include Kenya, Tanzania, Burundi, Uganda and Rwanda. It will create a trading bloc of about 130 million people. The positive point is that trade will be easier among the countries of the common market, and the common market will be able to bargain as a bloc. The negative point is the fear that freedom of movement of labour will cause problem for local workers. A Ugandan commentator says that many Ugandans think that once the borders are open, Kenyans will flood the market and will out-compete them in the labour market.
Listen to the full audio file is here.