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Tag Archives: trade

AfCFTA can position African economies stronger against COVID-19

Addis Ababa , Ethiopia | Xinhua | The African Continental Free Trade Area (AfCFTA) Agreement can potentially position African economies stronger in the face of future global shocks such as the ongoing COVID-19 pandemic, a senior United Nations trade policy expert said on Wednesday. Speaking exclusively to Xinhua, David Luke, Coordinator …

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Rape, extortion frustrate Uganda-South Sudan traders

Kampala, Uganda | THE INDEPENDENT | Female traders involved in cross border trade between Uganda-South Sudan have raised a red flag on sexual violence and extortion at security checkpoints along the Nimule-Juba highway. The women say they are sexually assaulted by armed security personnel along Elegu and Nimule borders. The conduct …

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Africa officially starts trading under AfCFTA

Addis Ababa, Ethiopia | Xinhua | The African continent on Friday started trading under the African Continental Free Trade Area (AfCFTA) Agreement. The AfCFTA, which was launched in March 2018 in the Rwandan capital, Kigali, has so far garnered 54 AU member signatories, offering new hope and continental exhilaration in terms …

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Uganda – Kenya trade tension

Ugandan manufacturers to ran to East African Court of Justice over trade restrictions Kampala, Uganda | JULIUS BUSINGE | Tensions between Ugandan traders and the Kenyan government is likely to get worse a head of the festive season this December, according to executives at the Uganda Manufacturers Association. The traders …

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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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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 …

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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 …

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Museveni makes case for road projects outside Uganda

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that the proposal to construct roads in countries out of Uganda is meant to boost trade that can enable Uganda to get resources. He was speaking during the 58th Independence Day celebrations held at State House Entebbe. MPs and …

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