Tag Archives: trade

How foreign capital is reshaping the ports, railways and logistics networks connecting East Africa to global markets and what that means for the region’s economic future    NEWS ANALYSIS | IAN KATUSIIME  |  At Tanzania’s Indian Ocean coast, the port of Dar es Salaam is emerging as a crucial gateway to …

  Stanbic’s China payment link is set to ease the country’s trade friction with Beijing   Kampala, Uganda | THE INDEPENDENT |  Ugandan businesses trading with China are set to gain faster access to yuan payments after Stanbic Bank Uganda became the country’s first lender to connect to China’s Cross-Border …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has become the first financial institution in the country to integrate with China’s Cross-Border Interbank Payment System (CIPS), a move expected to simplify cross-border transactions, reduce foreign exchange risks and strengthen trade between Uganda and China. The new payment platform enables Ugandan …

  HAVANA | Xinhua |  The long-running U.S. trade embargo against Cuba and a recent fuel blockade are causing power outages and shortages that threaten patients’ lives, Deputy Health Minister Julio Guerra said Wednesday. “When the lack of a stable power supply directly affects the preservation of medications, every blackout …

  Businesses are still struggling with higher costs caused by global events, including renewed conflict in the Middle East, which has disrupted energy markets and pushed up fuel prices   Kampala, Uganda | JULIUS BUSINGE | Ugandan businesses are feeling more confident about the months ahead, but rising fuel prices, …

    Geopolitical tensions, climate change, technological disruption and shifting trade relationships are reshaping how countries engage with each other economically   Kampala, Uganda | ISAAC KHISA | For three decades, the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) has worked behind the scenes to give African …

    COMMENT | CRISPIN KAHERU | Before any serious building rises in Uganda, the first thing to go up is the mabaati – corrugated iron sheets that seal off the site. Behind them, foundations are dug, concrete is poured, and steel is welded. There is noise, dust, and confusion. Trucks …

  Munich, Germany | NEWS CORRESPONDENT | Uganda has opened its first cultural and tourism festival in Germany, a three-day event in Munich that organisers describe as the largest Ugandan public event held in their country to date. The festival opened on Thursday with traditional drumming, drawing Ugandans from across Germany …

BEIJING | Xinhua | Gears are among humanity’s oldest inventions. One turns, the next follows. If any single gear jams, the whole machine stops. Global supply chains work the same way. They are woven together, and smooth operation depends on each link meshing with the next. China has long been …

  Kampala, Uganda | NEWS CORRESPONDENT | Uganda’s ambition to accelerate economic growth and unlock private sector potential will depend on how quickly stakeholders align policy, capital and partnerships into coordinated, action-driven outcomes, dfcu Bank has said. The call was made during the Foreign Chambers Policy Summit in Kampala, where …