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Tag Archives: trade

Roscongress, Afreximbank and REC sign agreement to promote trade

Moscow, Russia | Isaac Khisa | As part of the Russia–Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and …

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RWANDA-UGANDA: When two elephants fight

Feud between Rwanda, Uganda strongmen takes toll Katuna, Uganda | AFP | The people living on either side of the Ugandan-Rwandan border at Katuna never much considered the boundary: children crossed for school, workers moved freely and trade thrived. That harmony evaporated in February when Rwanda abruptly closed the crossing, …

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Traders to reap big as Kenya, Uganda sign pacts

Mombasa, Kenya | THE INDEPENDENT | Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The colourful signing ceremony, conducted at the Kenyan coastal city of Mombasa, was witnessed …

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MUSEVENI: Free movement of goods in East Africa is key

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has emphasized that the free movement of goods and services is a matter of survival for Uganda, East Africa and Africa. “Supporting one another’s prosperity by buying one another’s goods and services is the correct way. With our united market, we can, …

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COMESA trade barriers

COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …

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UK parliament deals historic defeat to PM May’s Brexit deal

  London, United Kingdom | AFP | Britain’s parliament on Tuesday voted against Prime Minister Theresa May’s Brexit deal by a massive margin, triggering a no confidence vote that could bring down her government. The House of Commons lower house voted 432 to 202 against May’s plan for taking Britain …

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Trade war ‘certainly’ hurting China economy: US official

Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …

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Jimmy Carter says US, China should partner in Africa

Washington, United States | AFP | Former US president Jimmy Carter warned Monday of the risks of sliding into a Cold War with China and called on the powers to find common cause on African development. Marking the 40th anniversary of his January 1979 normalization of relations with Chinese leader …

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