In an effort to fight counterfeits in the East African region, the Anti-Counterfeit Authority of Kenya (ACA) and Uganda’s Anti-Counterfeit Network (ACN Africa) have signed a Memorandum of Understanding (MoU).
The agreement signed on April 20, 2023, in Kenya’s capital Nairobi aims at strengthening strategic collaboration on matters pertaining elimination of fake goods in East Africa.
Worldwide, the World Economic Forum estimates that illicit trade presently deprives the global economy of $2.2 trillion annually, accounting for nearly three per cent of the global gross domestic product (GDP).
