Bangalore, India | AFP | British Prime Minister Theresa May said Tuesday there was a “world of opportunities” for post-Brexit Britain in India, as she donned a saree during a temple charm offensive in Bangalore. May said that Britain would not need to ease visa restrictions — a key demand …
Read More »Theresa May lays groundwork for post-Brexit India trade deal
New Delhi, India | AFP | Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world’s fastest growing major economy. In her first bilateral trip outside Europe since taking office in July, …
Read More »Uganda looks to break into COMESA, SADC markets
Uganda’s Minister of Trade Amelia Kyambadde has said the country is ready to ratify the EAC-COMESA-SADC Tripartite Trade Agreement before June 2017 and start implementation so as to benefit from a proposed free trade arrangement. Speaking at the end of a regional meeting in Nairobi on Sunday, Kyambadde said it was unfortunate …
Read More »VIDEO: Uganda-South Sudan to police Nimule highway
VIDEO: Uganda and South Sudan have reached an agreement to form a joint security block that will operate across borders along the Juba-Nimule high way pending a peace deal to end the violent clashes in the world’s youngest nation. The agreement was reached in Kampala after several hours of a …
Read More »Mabano on making affordable roofing products
INTERVIEW: Godwin Mabano is the executive director of Mabaati Roofings Systems. He spoke to Agnes E. Nantaba about their operations and other pertinent issues in the construction industry. What are the key elements in your management style as a manager? The main element in management is setting a target and …
Read More »Exchange rate qualms in October
The first week of October has not been smooth sailing for the Uganda shilling. By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …
Read More »Kenya, South Africa vow to ease trade, visa barriers
Nairobi, Kenya | AFP | South Africa and Kenya vowed Tuesday to “soften borders” between the two regional powerhouses by easing trade and visa barriers, part of ongoing efforts to boost low levels of commerce within Africa. While both nations are economic giants in their respective regions, South Africa’s Jacob …
Read More »Protectionism a scourge? Maybe not in Africa
Washington, United States | AFP | World economic leaders gathered in Washington this week to defend globalization, delivering a single message in unison: Protectionism will not save you. But this glosses over the plight of Africa, which is sinking further into poverty despite years of free trade. According to the …
Read More »Kenya and Rwanda endorse EPA as Uganda, Tanzania dilly-dally till 2017
EAC at EPA crossroads It’s another postponement, once again. With only a fortnight to the Oct.01 deadline for the East African Community (EAC) to sign the Economic Partnership Agreement (EPA) with the European Union (EU), the final signing has been extended. The Heads of State Summit sitting in Dar-es-Salaam, …
Read More »East Africa cautions US against negative travel advisories
East African leaders have protested travel advisories issued by the United States against Africa saying these discourage Americans from coming to Africa and affect negatively on trade and investment on the continent. “East Africa is the place to invest. It is the place to be… security is good. But you …
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The Independent Uganda: You get the Truth we Pay the Price