Stellenbosch, South Africa | AFP | With a history dating back over three centuries, South Africa’s world-renowned wine industry has long been the domain of generations of just a few elite white families. But the emergence of a crop of new black players such as winemaker and owner of Aslina …
Read More »Ethiopia devalues currency in competitiveness bid
Addis Ababa, Ethiopia | AFP | Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday. Africa’s second most-populous country is also one of its best economic performers, with the International Monetary Fund (IMF) estimating in …
Read More »Nigeria begins yam exports to Europe, US
Lagos, Nigeria | AFP | Nigeria on Thursday began to export yams to Europe and the United States, as part of moves to diversify its oil-dependent economy and earn much-needed foreign exchange. Agriculture minister Audu Ogbeh flagged off the first consignment of the fibrous tuber from the port in the …
Read More »Nigeria takes on oil giants Chevron, Total over ‘illegal exports’
Lagos, Nigeria | AFP | Chevron and Total on Friday failed to have a court throw out a case implicating them in the alleged failure to declare billions of dollars of crude exports from Nigeria. The US and French companies are among up to 15 oil majors reportedly targeted …
Read More »Trade war bites as Burundi bans exports to Rwanda
Unexpected outcomes from Burundi’s trade ban on Rwanda Burundi’s July decision to ban exports to its northern neighbor, Rwanda, is brewing trouble for both economies; the question is whether the embattled leadership in Bujumbura can afford to pay that price. The export restrictions on Rwanda were imposed in July by Burundian …
Read More »The Chinese imports scourge
Govt, manufacturers tussle as cheap Chinese imports supplant local content at big infrastructure projects Abid Alam, the proprietor of Steel Rolling Mills, knows who is responsible for the predicament facing the manufacturing sector – the government, which has failed to enforce guidelines that contractors undertaking the ongoing big infrastructural projects …
Read More »Balance of trade quandary
Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …
Read More »The case for Uganda’s exports
It has almost become a norm that for every State of the Nation address, President Yoweri Museveni has to lament about the fact that Uganda imports far much more than it exports. This year’s address was no different. He lamented how Uganda had become a ‘supermarket’ economy, importing all sorts …
Read More »Time Uganda focussed on exports
The high cost of doing business, stagnant production levels, dominance of primary products and limited market intelligence are holding back Uganda’s export potential. These bottlenecks and action needed to change the status quo were the centre of a discussion at a high level policy dialogue on export development and promotion …
Read More »Setting pace for produce exports
By Agnes E. Nantaba James Kanyije (PhD) is the CEO of KK Fresh Produce Exporters. He spoke to Agnes E. Nantaba about their operations and other pertinent issues in the food industry. What are the key elements in your management style as a manager? Hard work, professionalism and trust are …
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