Addis Ababa, Ethiopia | Xinhua | The African continent on Friday started trading under the African Continental Free Trade Area (AfCFTA) Agreement. The AfCFTA, which was launched in March 2018 in the Rwandan capital, Kigali, has so far garnered 54 AU member signatories, offering new hope and continental exhilaration in terms …
Read More »Uganda – Kenya trade tension
Ugandan manufacturers to ran to East African Court of Justice over trade restrictions Kampala, Uganda | JULIUS BUSINGE | Tensions between Ugandan traders and the Kenyan government is likely to get worse a head of the festive season this December, according to executives at the Uganda Manufacturers Association. The traders …
Read More »Africa urged to embrace e-commerce to accelerate trade
Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »UN urges Africa to develop clear competition rules for AfCFTA to boost trade
Nairobi, Kenya | Xinhua | The UN on Thursday urged Africa to develop clear competition and consumer protection rules for African Continental Free Trade Area (AfCFTA) in order to boost trade. Mukhisa Kituyi, secretary general of United Nations Conference on Trade and Development (UNCTAD) told a trade forum in Nairobi that …
Read More »EA Business Council seeks end to COVID-19 testing for truck drivers
Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has called for an end to mandatory testing of truck drivers for COVID-19 at border points, saying the resulting congestion is stifling trade among the partner states. The EABC also wants all control systems at the various crossing points …
Read More »Fueling global growth through localization strategy
BUSINESS TIPS | Abbas Rouse | Going global has been every business owner’s dream since business conception. It has not only been a strategy to bring in more profits, but also an effort to serve an escalating decentralized customer base in different parts of the world. However, being successful …
Read More »Kenya’s exports to EAC surpass pre-COVID-19 period
Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …
Read More »Museveni makes case for road projects outside Uganda
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that the proposal to construct roads in countries out of Uganda is meant to boost trade that can enable Uganda to get resources. He was speaking during the 58th Independence Day celebrations held at State House Entebbe. MPs and …
Read More »World trade to fall by 9.2 percent in 2020: WTO
Geneva, Switzerland | Xinhua | World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast. In April, the WTO had predicted a decline in the volume of world …
Read More »Road construction in DRC to boost trade – Minister Wamala
Kampala, Uganda | THE INDEPENDENT | Uganda has plans to construct more roads in neighboring countries as a means to boost trade. This was revealed by the Minister for Works General Katumba Wamala who was addressing journalists at the government media centre on Tuesday on the proposal that will see Uganda …
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