TradeMark East Africa and Northern Corridor Transit and Transport Coordination Authority ink $1 million deal to bolster trade
TradeMark East Africa (TMEA) and the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) have signed a financing agreement worth US$ 1.05Million.
TradeMark East Africa will disburse the money to the NCTTFA secretariat over a 3-year period (2018 – 2021).
The Northern Corridor is East Africa’s main transport corridor that begins at the port of Mombasa with two routes; one through Uganda to South Sudan and the second one through Uganda, Rwanda, Burundi to DRC. NCTTCA member countries include Kenya, Uganda, Rwanda, Burundi, South Sudan and Democratic republic of Congo.
NCTTCA oversees the corridor monitoring framework known as Northern Corridor Transport Observatory, which is a performance monitoring tool that informs interventions geared towards reducing costs and delays of transportation and other related logistics challenges.
With the new financing, the Authority will improve monitoring of the Northern Corridor performance with regards to movement of people and goods. It will adopt modern technologies including mobile based and online systems to enhance its capability to monitor trade and transport flows, bottlenecks and impact of interventions.
Data collected will support evidence-based advocacy and decision making, resulting to fit for purpose interventions in reducing costs and time along the Northern Transport corridor.
This initiative will complement monitoring the implementation of the Mombasa Port Charter. TradeMark was represented by Country Director for Kenya, Ahmed Farah while NCTTCA was represented by Ag. Executive Secretary Fred Tumwebaze.
NCTTCA collects data from over 20 stakeholders in all the member countries with the main contributors being these countries revenue authorities, roads authorities, ports, railway authorities, transport associations and transporters and private sector institutions closely affiliated to trade and transport.