Tag Archives: trade

ITC statistics show that trade between Africa and the Caribbean is limited and concentrated in a few sectors, notably minerals and chemicals ANALYSIS | ISAAC KHISA | African-Caribbean trade ties have remained largely unexplored for many years, despite a shared history and culture. Both regions have historically focused on solidifying relationships …

ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the …

However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …

An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …

ANKARA | Xinhua | Turkey has halted all trade activities with Israel as of Thursday due to the latter’s “non-stop violence” against Palestinians in the Gaza Strip, the Turkish Trade Ministry said. The move follows Türkiye’s imposition of restrictions on an array of exports to Israel since last month, which Ankara …

Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has failed to defend their budget item of Shs3.363 billion allocated for the general use of goods and services. In a session held on Wednesday, 20 March 2024, UNBS led by Acting Executive Director, Daniel Nangalama, presented the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector experienced a modest deceleration in growth in Feb, as indicated by the Stanbic Purchasing Managers’ Index (PMI) which adjusted to 51.7 from a previous 54.0 in January. Despite this slight easing, the sector continued to demonstrate robust performance with sustained improvements across …

Kampala, Uganda | THE INDEPENDENT | The Uganda-European Union Business Forum has ended with promises from both sides to work towards improved economic and business relations. The three-day event saw deals worth about 200 million euro made, while of these, projects worth 14 million are already in the pipeline. The EU …

Kampala, Uganda | THE INDEPENDENT | The European Union and Uganda have agreed on the need to increase trade and investments between them because the current environment is favorable. While the EU is Uganda’s largest single source of foreign direct investment and tourists, trade between the two is worth about 1.5 …