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Tag Archives: imports

Kadaga encourages Ugandans to sue Kenya for blocking imports

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has called on concerned Ugandan citizens to sue the Kenyan government for unfair trade practices that infringe on the treaty of the East African cooperation. Kadaga on Wednesday reminded Ugandans of their right to take a partner state to …

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Africa urged to embrace e-commerce to accelerate trade

  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 …

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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 …

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China cuts Australian beef imports after warning against virus probe

Sydney, Australia | AFP |  China suspended imports from four major Australian beef suppliers Tuesday, just weeks after Beijing’s ambassador warned of a consumer boycott in retaliation for Canberra’s push to probe the origins of the coronavirus. Analysts said the move raised concerns of a possible standoff between Australia and its …

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Traded goods worth UGX 2.5 trillion undetected annually – Report

Kampala, Uganda  | THE INDEPENDENT |  Deliberate falsification of invoices and manipulation of customs rules by organizations and individual traders is costing Uganda trillions of shillings in revenue, a new study has shown. A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade …

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Afreximbank holds mid-term review of strategic plan in Kampala

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) today concludes a three-day retreat in Kampala, Uganda for the mid-term review of its Fifth Strategic Plan dubbed IMPACT 2021: Africa Transformed. Afreximbank operates on five-year strategic plans. The current strategic plan, which is the Bank’s fifth, covers the …

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Equities, yuan take hit as Trump dials up trade war with China

Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …

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