Tag Archives: trade

Tehran, Iran | AFP | French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The international agreement for the development of phase 11 of South …

  Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …

How To Export Duty-Free From Uganda To The U.S. Under The African Growth And Opportunity Act (AGOA) This guide (below) outlines the step-by-step process that Ugandan businesses should take to export to the U.S. duty-free through AGOA. Exporting can be a challenging process, but it can also be profitable for the …

Kampala, Uganda | MIN FA|  Following leaked reports that President Yoweri Museveni had ordered a probe into collusion between Uganda Wildlife Authority (UWA) and several Chinese nationals, the Ministry of Foreign Affairs of Uganda has come out to clarify that the two accused are not diplomats. A statement released by the …

Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …

Washington, United States | AFP | The World Bank is keeping its forecast for global growth in 2017 unchanged, because for the first time in years, no new risks have arisen to threaten the outlook. “Over the past four years this is the first time we didn’t have a downgrade …

Beijing, CHINA | PSCU| China’s vision of an interconnected world with enhanced trade supports the African desire for shared prosperity, Kenya’s President Uhuru Kenyatta has said. Kenyatta, who spoke during a roundtable summit of Heads of State and Government held at the Yanqi Lake Conference Centre, said Africa stands a chance …

Beijing, China | AFP |  Chinese President Xi Jinping criticised protectionism on Monday at a summit positioning Beijing as a champion of globalisation, but several European nations spoilt attempts to win full backing for his trade agenda. Xi addressed almost 30 leaders on the second day of a forum on …

Beijing, China | AFP |  China was basking in praise Monday for its new Silk Road even as some countries raised concerns over the project seen as boosting Beijing’s global clout on trade and geopolitics. Almost 30 world leaders are attending a two-day summit promoting China’s One Belt, One Road …

Beijing, China | AFP |  China opened its Silk Road summit Sunday to showcase its ambitious plans to revive ancient trade routes from Asia to Europe and Africa. President Xi Jinping hailed the initiative for a massive network of rail and maritime links — dubbed One Belt, One Road — …