Tag Archives: trade

Kampala, Uganda | THE INDEPENDENT | Intra-regional trade in the countries in Eastern Africa is still below 10% despite initiatives like East African Community. This is according to a report by the African Development Bank. The Bank in the report said that even the African Continental Free Trade Area has not …

Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has reported a notable improvement in the movement of goods among the member states. According to John-Bosco Kariisa, the Executive Director of EABC, the movement of goods among member states has increased from 20 percent, recorded in September …

Yaounde, Cameroon | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has challenged African leaders to prioritize unrestricted trade with each other while implementing the African Continental Free Trade Area to avoid the burden of foreign aid. Tayebwa made the observation on Wednesday 19th July 2023 while addressing delegates at the …

Kampala, Uganda | THE INDEPENDENT | Traders in Kikuubo are expressing concern over a decline in sales due to intensified security checkups by the police in response to the UK terror alert. Security chiefs have implemented rigorous operations in downtown Kampala, particularly in the Kikuubo business area, to prevent any …

Dar es Salaam, Tanzania | Xinhua | Tanzanian President Samia Suluhu Hassan has called for the removal of trade barriers on the East African nation’s border with Malawi to boost trade between the two countries, the presidency said late Friday. A statement by the Directorate of Presidential Communications said Hassan made …

Who’s behind it and how it could be controlled Kampala, Uganda | THE INDEPENDENT | Every now and then the trade in human organs makes national, even international, news. In March 2023, a Nigerian politician, his wife and a medical middleman were found guilty of an organ-trafficking plot after they brought …

Kampala, Uganda | THE INDEPENDENT | The Foreign Exchange (Amendment) Bill, 2023 passed by Parliament will now require investors in the foreign exchange sector to have a minimum paid-up share capital of 200 million Shillings to transact the business. While passing the Bill during plenary chaired by Speaker Anita Among on …

Kampala, Uganda | THE INDEPENDENT | Eastern and Southern African trade promotion organisations are pushing for the rescinding by Kenya of the recent agreement with the European Union to implement the Economic Partnership Agreement (EPA) between them. They say the deal pauses “imminent danger” to the integration of East Africa …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) revealed that it will soon introduce smart gate, an automated self-service border control system to combat trade fraud including under and over-declaration of imports and exports. The gates are in addition to other measures in place such as cargo digital scanners, …

Kampala, Uganda | THE INDEPENDENT | President Museveni has signed an executive order banning tree cutting for commercial charcoal production and expelled Balaalo herdsmen in Northern Uganda. The executive order exercised under Article 99 (2) of the constitution was issued by the President on Friday last week. This comes barely …