Nairobi, Kenya | Xinhua | The UN on Thursday urged Africa to develop clear competition and consumer protection rules for African Continental Free Trade Area (AfCFTA) in order to boost trade. Mukhisa Kituyi, secretary general of United Nations Conference on Trade and Development (UNCTAD) told a trade forum in Nairobi that …
Read More »Cross-border informal exports fall by 99%
Kampala, Uganda | THE INDEPENDENT | Small-scale traders operating around Ugandan borders have suffered one of the biggest tumbles with coronavirus bringing their operations to near zero, official figures show. The scale of the impact is shown in the figures compiled by the Bank of Uganda in March, April and …
Read More »COVID-19 triggers decline in global trade
Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic cut global trade values by 3% in the first quarter of this year. This is according to the latest UN Trade and Development Conference (UNCTAD) data published in a joint report by 36 international organizations. The report says the pandemic has led …
Read More »Postponing AfCFTA would be a mistake-African business leaders
But CSOs say carrying out negotiation virtually will defranchise majority of the stakeholders Kampala, Uganda | ISAAC KHISA | African Business leaders across the continent have signed a joint letter calling for the ministers and heads of state to stick to the July 1 deadline for the free trade agreement …
Read More »Global investment flows to drop 40% as coronavirus spreads
Kampala, Uganda | THE INDEPENDENT | Foreign Direct Investment flows are liable to drop by 30 to 40 percent during 2020 into next year due to the ongoing COVID-19 pandemic reflecting a far more severe economic blow that initially projected. This is according to the latest investment trends monitor report, …
Read More »Domestic marine cargo covers could boost insurance market
Presently importers insure their cargo in the country of origin through their suppliers Kampala, Uganda | ISAAC KHISA | For many decades, Uganda’s insurers and reinsurers never imagined that they could cash in on marine cargo insurance business amid the large volume of business involved in international trade. This …
Read More »Going digital could boost Sub-Saharan economies—World Bank
But only a small proportion of the region’s population is hooked to the internet Kampala, Uganda | RONALD MUSOKE | Sub-Saharan African economies are sluggishly growing owing to global uncertainty, poor management of debt, inflation as well as political and regulatory uncertainty, according to the latest World Bank’s bi-annual analysis …
Read More »Rwanda and China’s rich
Why Jack Ma went to Kenya, Rwanda with 38 Chinese billionaires in tow RWANDA |PEREZ TIGIDAM| Jack Ma, Asia’s richest man and founder of Alibaba Group recently completed a two-day trip to East Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires, all no doubt poised with expensive fountain …
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