Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »Uganda lifts ban on labor export after 8-month COVID-19 suspension
Kampala, Uganda | XINHUA | Uganda on Tuesday lifted the ban on the exportation of migrant workers after an eight-month suspension in efforts to stop the spread of the COVID-19 pandemic. Frank Tumwebaze, minister of gender, labor and social development, said in a statement that all licensed companies involved in …
Read More »Fueling global growth through localization strategy
BUSINESS TIPS | Abbas Rouse | Going global has been every business owner’s dream since business conception. It has not only been a strategy to bring in more profits, but also an effort to serve an escalating decentralized customer base in different parts of the world. However, being successful …
Read More »Kenya’s exports to EAC surpass pre-COVID-19 period
Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …
Read More »East Africa losing revenue due to low investments in value addition
Nairobi, Kenya | Xinhua | The East African Community (EAC) is losing revenue due to low investments in value addition of horticulture and leather produced in the region, says a report released on Thursday. According to the report by East African Business Council (EABC), a private business lobby of …
Read More »Uganda’s exports up but trade deficit grew higher
Kampala, Uganda | THE INDEPENDENT | Uganda has lost the trade deficit it had recorded against the European Union in July as imports of merchandises grew faster than the exports to the same region. Both exports and imports dropped sharply in April 2020, the first month of the lockdown that …
Read More »Economy bouncing back, exports rise to $337 million in July
Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …
Read More »UCDA draws more youth into coffee value chain
Kampala, Uganda | THE INDEPENDENT | The Uganda Coffee Development Authority-UCDA is encouraging youths to play an active role in the coffee value chain. The authority started by training youth groups on understanding coffee legislation, coffee garden handling, crop management skills and harvest, post-harvest handling and storage, skills of …
Read More »Free trade area could boost Africa’s income by 450 bln USD: World Bank
Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …
Read More »Uganda losing UGX 2.5 trillion annually by exporting raw cotton
Kampala, Uganda | THE INDEPENDENT | Uganda could be losing as much as USD 700m (Shs 2.5 trillion shillings) annually in exporting raw cotton, a cloth maker has claimed. Jas Bedi, the executive director of Fine Spinners Uganda, a Bugolobi-based cloth maker said on Saturday that Uganda was earning …
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