Washington, United States | AFP | Former US president Jimmy Carter warned Monday of the risks of sliding into a Cold War with China and called on the powers to find common cause on African development. Marking the 40th anniversary of his January 1979 normalization of relations with Chinese leader …
Read More »US, China talk ‘progress’ after phone call on trade
Washington, United States | AFP | Both the US and China spoke of progress Saturday after telephone talks between their leaders over a trade war that has rattled global markets. “Just had a long and very good call with President Xi of China,” US President Donald Trump said on Twitter …
Read More »Tanzania opens market to Uganda’s sugar, agricultural produce
Mutukula, Tanzania | THE INDEPENDENT | The Tanzania government has agreed to give clearance to businessmen exporting agricultural produce and sugar from Uganda. The agreement was reached on Wednesday in a meeting between the Minister of Trade for Uganda Amelia Kyambadde and Joseph G. Kahinda, the Minister for Industry, Trade …
Read More »COMMENT: The G20’s Africa problem
Rather than include Africa in discussions about trade, the G20 addresses narrower development issue COMMENT | COBUS VAN STADEN | This has not been an easy year for the G20. The 2018 summit of the leaders of the world’s largest economies was held in Buenos Aires, a city still reeling from …
Read More »Dubai firm to boost simsim trade in Northern Uganda
Kampala, Uganda | THE INDEPENDENT | Dubai based firm, Robust Trade Links is holding talks with farmers in Acholi and Lango sub-region to boost simsim trade. The firm wants to buy quality simsim oil seeds directly from the local farmers at prime prices. Eddy Ssentumbwe, the Robust Trade Links representative in …
Read More »First Intra-African trade fair opens, with call for initiatives that drive AfCFTA
Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent opened on Dec.02 in Cairo, Egypt, with the President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
Read More »Uganda, Kenya trade volume on the rise says Kamuntu
Kampala, Uganda | THE INDEPENDENT | Tourism, Wildlife and Antiquities Minister, Professor Ephraim Kamuntu says trade between Kenya and Uganda is on the increase. He said the trade volume between the countries in the last two months totaled to USD 1.1 billion. Professor Kamuntu observed that the increased volume of trade …
Read More »BoU: Uganda enjoying trade surplus with neighbours
Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …
Read More »East African trade wars
Petty rivalries blamed for endless regional trade disputes Kampala, Uganda | RONALD MUSOKE | East African Community economies might be growing at an unprecedented rate but experts say emerging nationalism and protectionism policies could hurt integration in the long run. Uganda, Kenya and Tanzania are currently locked in several trade disputes …
Read More »Key points of the US-China trade deal
Buenos Aires, Argentina | AFP | US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday struck a deal at working dinner on the sidelines of the G20 summit to effectively stall their trade war. Trump hailed what he described as “an amazing and productive meeting with unlimited possibilities” …
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