Nairobi, Kenya | Xinhua | The UN on Thursday urged Africa to develop clear competition and consumer protection rules for African Continental Free Trade Area (AfCFTA) in order to boost trade. Mukhisa Kituyi, secretary general of United Nations Conference on Trade and Development (UNCTAD) told a trade forum in Nairobi that …
Read More »EA Business Council seeks end to COVID-19 testing for truck drivers
Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has called for an end to mandatory testing of truck drivers for COVID-19 at border points, saying the resulting congestion is stifling trade among the partner states. The EABC also wants all control systems at the various crossing points …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »World trade to fall by 9.2 percent in 2020: WTO
Geneva, Switzerland | Xinhua | World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast. In April, the WTO had predicted a decline in the volume of world …
Read More »Road construction in DRC to boost trade – Minister Wamala
Kampala, Uganda | THE INDEPENDENT | Uganda has plans to construct more roads in neighboring countries as a means to boost trade. This was revealed by the Minister for Works General Katumba Wamala who was addressing journalists at the government media centre on Tuesday on the proposal that will see Uganda …
Read More »Potential of AfCFTA cannot be realized without adequate quality infrastructure
Addis Ababa, Ethiopia | XINHUA | The industrialization and trade potential of the African Continental Free Trade Area (AfCFTA) agreement cannot be realized without adequate quality infrastructure systems, a new report by the United Nations and the African Union (AU) report said. The newly published report, entitled “Identifying Priority Products …
Read More »African countries urged to remove non-tariff barriers to realize AfCFTA
Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Sunday called for addressing non-tariff barriers in order to realize the major aspirations of the African Continental Free Trade Area (AfCFTA) Agreement. “The African continent is about to become the world’s largest free trade area. If not addressed, non-tariff …
Read More »EAC rolls out regional electronic cargo and driver tracking system
Kampala, Uganda | THE INDEPENDENT | The East Africa Community (EAC) secretariat and its partner states have unveiled a new mobile application to enable the issuance of the EAC COVID-19 digital certificates that are mutually recognised by the partner states. The app dubbed the Regional Electronic Cargo and Driver Tracking System …
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