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Tag Archives: trade

Gov’t negotiating with COMESA countries for trade

Kampala, Uganda | THE INDEPENDENT | The government has said that it is exploring new market opportunities within the Common Market for Eastern and Southern Africa-COMESA member states. Uganda is currently facing a big challenge with key neighbors like South Sudan facing political unrest and the border closure by Rwanda. Some …

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MPs endorse tax on passengers flying out of Uganda

Kampala, Uganda | THE INDEPENDENT | Parliament has adopted a raft of recommendations to revive the economy currently battered by the Covid-19 pandemic, key among is implementation of a Tourism Development Levy. “The Committee proposes a levy of $10 to be charged on each ticket for every person who departs from Uganda …

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Kenya appeals to Uganda to sign EU trade pact

Kampala, Uganda | THE INDEPENDENT | Kenya has again appealed to Uganda for a joint strategy on accessing the European market through the stalled EU/EAC Economic Partnership Agreement (EPA). Kenya also wants to partner with Uganda in negotiating a trade deal with the US as the the AGOA, the American Growth …

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Fitch and GCR upgrade Afreximbank’s outlook to positive

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring …

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Africa soon to have new trading standard — AfCFTA chief

AfCFTA will facilitate regional trade and investment and boost continental economic integration Luanda, Angola | Xinhua | Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Monday that Africa will soon have a new trading standard with the development of the organization. Mene made the remarks …

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