Buenos Aires, Argentina | AFP | International Monetary Fund chief Christine Lagarde cautioned the United States against putting up barriers to trade in an interview published Sunday. “Trade wars leave no winners,” she said in the interview with Argentine daily La Nacion, responding to a question about President Donald Trump’s …
Read More »TMEA to scale up women and trade programme
Kampala, Uganda | THE INDEPENDENT | TradeMark East Africa plans to scale up its women and trade programme to reach over 300,000 beneficiaries in the region in the next five years, according to the organization’s CEO, Frank Matsaert. Speaking during the recently concluded Trade and Development Forum in Kampala, Matsaert said …
Read More »Trump boasts he made up trade claim in Trudeau meeting
Washington, United States | AFP | Donald Trump boasted he made things up in a conversation with Canada’s prime minister, insisting the US ran a trade deficit with its neighbor despite having “no idea” if the claim were true, the Washington Post reported. The US president recalled the exchange with …
Read More »African SMEs set to benefit from $74million guarantee
Kampala, Uganda | THE INDEPENDENT | The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re- guarantee transaction of up to $74 million with GuarantCo to increase its guarantee capacity for SME financing on the continent. The new financing will enable AGF to support larger …
Read More »Why Barclays is re-branding as Absa
The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
Read More »Canada’s Trudeau accuses China of ‘dumping’ steel on global markets
Ottawa, Canada | AFP | Prime Minister Justin Trudeau on Monday accused China of flooding global markets with cheap steel, adding that Canada has already taken steps to prevent “dumping” in this country. “We are very concerned about the actions taken by China and the dumping of steel and aluminum on …
Read More »World customs officials discuss tech ahead of Kampala Global AEO meeting
Kampala, Uganda | THE INDEPENDENT | World trade and customs officials have started discussing non-intrusive technologies needed for inspection of goods in the build-up to the World Customs Organisation (WCO) Global AEO Conference 2018 to be held in Kampala from Wednesday. Up to 1000 delegates including World Customs Organisation officials led …
Read More »MTN named “most valuable telecom” brand in Africa
Kampala, Uganda | THE INDEPENDENT | MTN has once again been named among the top 300 valuable telecom brands in the world, according to the research conducted by Brand Finance. The South African based firm was ranked 45th. With 25 subsidiaries most of which are in Africa, the company moved …
Read More »Shoprite eye Kenya’s retail market
Kampala, Uganda | THE INDEPENDENT | South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – …
Read More »Qatar Airways cuts prices to woo customers
Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …
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