Afreximbank is expected to provide finance to export projects in manufacturing, mining, infrastructure and related ventures Nairobi, Kenya | ISAAC KHISA | The African Export-Import Bank (Afreximbank) has ditched Nairobi in favour of Kampala to set up its regional headquarter. Benedict Oramah, the bank’s president, told The Independent in an …
Read More »Free trade pact to boost intra-African trade
Albert Muchangais the commissioner for trade and industry at the African Union.He spoke to The Independent’s Isaac Khisa on the progress made with the planned African Continental Free Trade Area on the sidelines of Afrexim bank’s 25th Anniversary and Annual General Meeting recently held in Abuja, Nigeria. What progress have you registered in the implementation of AfCFTA? We are making good progress. In March this year in Kigali, Rwanda, we had 44 …
Read More »Afreximbank, World Trade Center Miami ink trade deal
Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) and the World Trade Center Miami Inc (WTCM) have signed a three-year memorandum of understanding that will enable the two institutions benefit from each other’s knowledge, experience and capabilities in pursuing the expansion of US-Africa business relationships. The MoU …
Read More »Afreximbank, Aenergy to leverage climate finance for Africa’s development
Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) entered into a cooperation with an Angola-based pan-African conglomerate, Aenergy, to develop a low carbon sustainable economy and a climate finance strategy to support projects and national initiatives in the sector across Africa. The cooperation agreement, signed on …
Read More »African countries urged to de-risk their economies or chance losing billions in FDI
Lagos, Nigeria | ISAAC KHISA | The Nairobi-based African Trade Insurance Agency (ATI) has urged the African countries to focus on de-risking their economies to drive future investment growth. This was revealed during the Afreximbank’s 2018 Annual Meetings and 25th anniversary celebrations in Abuja, Nigeria. ATI’s Chief …
Read More »South Africa’s President Ramaphosa urges Nigeria to sign Africa trade pact
Abuja, Nigerai | ISAAC KHISA | South Africa’s President, Cyril Ramaphosa, has urged Nigeria to sign the African Continental Free Trade Area (AfCFTA) to create a single continental market for goods and services in member nations, with free movement of persons and investments. Ramaphosa, who was the chief quest during …
Read More »Uganda’s ambitious revenue target for FY 2018/19
URA to collect Shs16.3tnas experts worry about some proposed taxes Kampala, Uganda | ISAAC KHISA | Newly proposed taxes and enhanced revenue collection measures could help the taxman collect an additional Shs1.9trillion to hit the new Shs16.3trillion revenue target. The government has tasked the Uganda Revenue Authority (URA) to collect more money in …
Read More »Uganda Clays steady profit growth
Competition from other clay products makers threatens its further increase in sales Kampala, Uganda | ISAAC KHISA | Clay products maker, Uganda Clays Limited (UCL), has recorded a steady profit growth for the second year running citing increased marketing and the decision by the majority shareholder, National Social Security Fund, …
Read More »Beer boom
Nile Breweries Limited spending US$22million to match sales growth Kampala, Uganda | ISAAC KHISA | A few months ago, a highly respected and accomplished director for Nile Breweries Limited, a subsidiary of the Belgium based Anheuser-Busch InBev NV, popularly known as AB InBev, resigned. His name could be familiar to you …
Read More »Rent law: Good intentions, bad incentives for property market
The proposed law will make rent expensive Kampala, Uganda | ISAAC KHISA | John Kityo has been experiencing some tough times in renting a room for his small business in downtown Kampala. The 30-year old has rented seven different places as a result of sudden rent increments. So when Dr. …
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