Tag Archives: trade

The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …

Ottawa, Canada | AFP | Prime Minister Justin Trudeau on Monday accused China of flooding global markets with cheap steel, adding that Canada has already taken steps to prevent “dumping” in this country. “We are very concerned about the actions taken by China and the dumping of steel and aluminum on …

Kampala, Uganda | THE INDEPENDENT | World trade and customs officials have started discussing non-intrusive technologies needed for inspection of goods in the build-up to the World Customs Organisation (WCO) Global AEO Conference 2018 to be held in Kampala from Wednesday. Up to 1000 delegates including World Customs Organisation officials led …

Kampala, Uganda | THE INDEPENDENT | MTN has once again been named among the top 300 valuable telecom brands in the world, according to the research conducted by Brand Finance. The South African based firm was ranked 45th. With 25 subsidiaries most of which are in Africa, the company moved …

Kampala, Uganda | THE INDEPENDENT | South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – …

Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …

Kampala, Uganda | GODFREY SSALI | President Yoweri Museveni has cautioned members of Savings and Credit Cooperative Societies (SACCOs) on the habit of non repayment of loans saying it is the reason why many SACCOs and credit institutions have collapsed. This was contained in his speech read by the State …

Paris, France | AFP | French President Emmanuel Macron on Friday warned his US counterpart Donald Trump against forging ahead with planned tariffs on European steel and aluminium, saying it risked starting a mutually destructive “trade war”. In a telephone call with Trump, the French leader expressed his “deep concerns”, …

Beijing, China | AFP | China on Friday denounced US tariffs on aluminium and steel imports, saying that they would profoundly harm the international trade environment. The US’s “abuse” of national security concerns as a reason for implementing the measures will lead to “a serious attack on normal international trade …

Brussels, Belgium | AFP | The chief executive of the World Bank urged US President Donald Trump on Thursday to be “careful” before imposing steel and aluminium tariffs and weigh up possible effects on global trade. Kristalina Georgieva said Trump should assess the “implications” before going ahead with a plan …