Tag Archives: trade

Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …

Kampala, Uganda | THE INDEPENDENT | Renowned management scholar, Prof. Allan Katwalo Mulengani, says Ugandans have to up their competitiveness in the marketplace or else they will be overrun by foreign interests. Mulengani, the Director of Nairobi-based Abacus Business School, was speaking at a business banking breakfast meeting organized by …

Legislators ask World Bank, IMF for better terms of trade Kampala, Uganda | THE INDEPENDENT | Members of parliament attending the 2018 Global Parliamentary Conference at the World Bank Headquarters in Washington DC have asked the International Monetary Fund (IMF) and the World Bank to always consider giving African countries better …

Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …

2364, United Kingdom | AFP | Britain’s hosting of this week’s Commonwealth summit was overshadowed Monday by a scandal involving longtime Caribbean immigrants threatened with deportation, distracting from an agenda of increased trade London hoped to promote ahead of Brexit. After initially turning them down, Prime Minister Theresa May is …

THE LAST WORD: Why our continent needs to rethink her overenthusiastic attitude towards foreign direct investment THE LAST WORD | Andrew M. Mwenda | Last month, Rwanda hosted the African Union’s summit on the Continent Free Trade Area (CFTA). The discussions were as inspiring as they were frustrating. Leaders from government …

Kampala, Uganda | GODFREY SSALI | Government has given a green light to cement wholesalers to start their own factory to supplement production, amidst the high cement prices that are said to be caused by the scarcity of cement in the country. Speaking to the cement wholesalers in Kampala, the Minister …

Washington, United States | AFP | US President Donald Trump on Tuesday seized on seemingly conciliatory remarks from Chinese leader Xi Jinping, praising Beijing’s “kind words” as a breakthrough in the looming trade war between the two countries. “Very thankful for President Xi of China’s kind words on tarrifs [sic] and …

  Liesl Louw-Vaudran | ISS AFRICA | The impressive turnout at the African Union’s Extraordinary Summit on the African Continental Free Trade Area (AfCFTA) on 21 March showed the continent’s united fervour to boost its economic opportunities. Delegations from 50 countries, including 27 heads of state, attended the summit in …

Washington, United States | AFP |  The United States on Thursday approved a contract to sell Saudi Arabia 180 self-propelled artillery systems for $1.31 billion, in the latest stage of perhaps the world’s biggest arms deal. When US President Donald Trump visited Riyadh last year he boasted that the desert …