Kenya TradeNet System Stirs East Africa Economy
Kenya TradeNet System also known as Kenya National Electronic Single Window System has an inbuilt intelligence that enables traders who depend on east Africa’s economic gateway sea Port of Mombasa, airports and land border posts to track, clear and move their goods across borders much faster, easier and cheaper through a simplified cargo clearance process.
Presidents Uhuru Kenyatta, Paul Kagame of Rwanda,Yoweri Museveni of Uganda who were later joined by South Sudanese leader President Salva Kiir who together with Prime Minister Mizengo Pinda of Tanzania and First Vice-President of Burundi Gervais Rufyikir were in Nairobi on May 2nd 2014 to usher in the Kenya TradeNet System at the colourful event held at Safari Park Hotel, Nairobi.
The System is developed by CrimsonLogic of Singapore through a bilateral cooperation between Kenyan Government and Singapore Cooperation Enterprise (SCE) and is modeled on the successes of Singapore which is largely a port based economy with global reputation on efficiency, transparency and ease of doing business as per annual ranking by Transparency International, World Bank’s Ease of Doing Business Index and World Bank's Logistics Performance Index.
The significance of the TradeNet System to Kenya and regional economy was in the presence of the regional heads of state and government delegations and the ringing endorsement by the United States Government in the Fact Sheet on 2014 National Trade Estimate Report issued by the White House Office of the US Trade Representatives ahead of the launch.
The adoption of the System will harmonize border control, speeding up intra-regional trade. Rwanda is already way ahead, while Uganda, Burundi, and Tanzania are expected to follow suit. Although currently ravaged by unrest, the presence of South Sudan is a good sign, as the country has become a key trading partner in the region.
The goal is to eventually integrate the System into the EAC Regional Single Window platform like the Association of South East Asian Nations Single Window System, which has transformed the region into one of the best blocs in trade facilitation globally. The governments stand to benefit as the System guarantees increased tax revenue and enhanced compliance with the law. Traders will gain from faster clearance times, and a more transparent and predictable process that enables them to plan and move goods faster. The new initiative is a potential boon to the region.