Washington, United States | AFP | American tech giants Amazon, Facebook and Google joined forces on Monday to decry the French digital tax as retroactive and discriminatory. President Donald Trump is considering retaliating against the tax — approved July 11 — with punitive tariffs on French wine imports, prompting an …
Read More »AU leaders set to sign landmark trade deal at African Summit
Niamey, Niger | AFP | African leaders will meet Sunday in Niger for the African Union (AU) summit, to sign a landmark free trade agreement, and to discuss looming security and migration crises on the continent. In a “historic” moment for the 55-member bloc, according to its chairman Moussa Faki, …
Read More »Govt rejects proposal to export Sugarcane to Kenya
Kampala, Uganda | THE INDEPENDENT | Government is opposed to the proposal to export unprocessed raw materials such as sugar cane. The Trade, Industry and Cooperatives Minister Amelia Kyambadde stated this while presenting a statement to parliament on the issue of excess sugar cane in Busoga sub-region. Kyambadde told …
Read More »Roscongress, Afreximbank and REC sign agreement to promote trade
Moscow, Russia | Isaac Khisa | As part of the Russia–Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and …
Read More »Tshisekedi’s DRC seeks membership of East African trade bloc
Nairobi, Kenya | AFP | Democratic Republic of Congo President Felix Tshisekedi said Thursday that his country was seeking to join the East African Community, a regional political and economic bloc. The DRC shares borders with four of the six members of the bloc, and Tshisekedi said on a …
Read More »RWANDA-UGANDA: When two elephants fight
Feud between Rwanda, Uganda strongmen takes toll Katuna, Uganda | AFP | The people living on either side of the Ugandan-Rwandan border at Katuna never much considered the boundary: children crossed for school, workers moved freely and trade thrived. That harmony evaporated in February when Rwanda abruptly closed the crossing, …
Read More »Traders to reap big as Kenya, Uganda sign pacts
Mombasa, Kenya | THE INDEPENDENT | Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The colourful signing ceremony, conducted at the Kenyan coastal city of Mombasa, was witnessed …
Read More »SOUTH SUDAN: Traders ‘tired of ministry of finance’
Kampala, Uganda | THE INDEPENDENT | A section of Ugandan traders who were un paid for the supply of goods in South Sudan have demanded that their dues are settled by the Ministry of Trade, not the Ministry of Finance, where the Minister has rubbished their claims. The traders led …
Read More »MUSEVENI: Free movement of goods in East Africa is key
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has emphasized that the free movement of goods and services is a matter of survival for Uganda, East Africa and Africa. “Supporting one another’s prosperity by buying one another’s goods and services is the correct way. With our united market, we can, …
Read More »COMESA trade barriers
COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …
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