Sochi, Russia | THE INDEPENDENT | Uganda’s President Yoweri Museveni on Thursday joined a panel of experts and leaders at the ongoing Russia-Africa Summit in Sochi to discuss the challenges and opportunities of doing business in Africa. “The population of Uganda is now 42 million. It will be 106 million by …
Read More »Benin counts the cost after Nigeria shutters border
Cotonou, Benin | AFP | Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19, President Muhammadu Buhari unexpectedly closed Nigeria’s borders to goods trade with Benin and Niger, declaring the …
Read More »Afreximbank announces 20th Trade Finance Workshop, invites registrations
Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has announced the opening of registration for its 20th Afreximbank Trade Finance Seminar and Workshop, which will take place in Durban, South Africa, from 4 to 7 November 2019. The seminar and workshop series, formerly known as the Structured Trade …
Read More »China runs to the WTO, lodges trade complaint against US
Beijing, China | AFP | China said Monday it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. The world’s two biggest economies have been embroiled …
Read More »CRISIS: UK petition against suspending parliament passes 1 million signatures
London, United Kingdom | AFP | An online petition opposing British Prime Minister Boris Johnson’s move Wednesday to suspend parliament weeks before Brexit garnered more than one million signatures within a few hours. The over a million signed on the petition stating that, “Do not prorogue Parliament. Parliament must not …
Read More »China plans new tariffs on $75 bn of US imports
Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …
Read More »Google, Facebook, Amazon decry French digital tax as ‘discriminatory’
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 …
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