BEIJING, CHINA | Xinhua | For months, some U.S. lawmakers have been pushing for installing “hardware kill switches” and mandatory tracking devices in AI chips through legislation such as the so-called Chip Security Act. The bill would force manufacturers to embed location trackers in chips to monitor their international movements …
Read More »UK announces measures to simplify Africa trade
These new trading measures are also being implemented in the context of a deteriorating global trading environment for many African economies London, UK | AGENCIES | The UK government has announced new measures intended to simplify imports from Africa and make it easier for UK businesses to conduct trade with counterparts …
Read More »Uganda, Kenya ink 8 new trade deals to boost bilateral relations
NAIROBI, NAIROBI | Xinhua | Kenya and Uganda on Wednesday signed eight additional bilateral memoranda of understanding (MoUs), building on the 17 agreements already in place, to strengthen legal and institutional cooperation across strategic sectors. The signing was witnessed by visiting Ugandan President Yoweri Museveni and his Kenyan counterpart William …
Read More »New project to boost trade between Uganda and the EU
Kampala, Uganda | THE INDEPENDENT | Implementation on a new four-year project to promote sustainable economic growth, boost trade and investment, and create green and decent jobs in Uganda has taken off. The European Union (EU) funded Sustainable Business for Uganda (SB4U) 2.0 – Trade and Investment Development project is …
Read More »Africa’s trade projected to hit $1.5 trillion in 2025
Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …
Read More »Experts: EAC’s failure on non-tariff barriers helps sustain growth of debt
Kampala, Uganda | THE INDEPENDENT | The East African Community has grappled with the issue of non-tariff barriers (NTB) or barriers to trade for as long as it has existed, despite the existence of what experts see as adequate legal frameworks. All the countries, at least going by the proclamations …
Read More »Afreximbank meeting to boost Africa trade, investment
Abuja, Nigeria | THE INDEPENDENT | African Export-Import Bank (Afreximbank) is set to host its 32nd Annual Meetings (AAM2025) in Abuja, Nigeria, from June 25 to 27, drawing a high-powered coalition of African, Caribbean (CARICOM), and global leaders. The event, which comes at a time of heightened geopolitical and economic uncertainty, …
Read More »Uganda, DRC launch sh41 billion programme to enhance cross-border trade and boost peace
Kampala, Uganda | THE INDEPENDENT | Uganda’s Ministry of Trade, Industry, and Cooperatives has today officially launched the Uganda-DRC Peaceful and Resilient Borderlands Programme that aims to transform cross-border trade as a pathway for peace and economic growth. With support from the EU Delegation in Uganda and implementation partnerships with …
Read More »Uganda launches sh33 billion trade and investment project to support SMEs
Kampala, Uganda | THE INDEPENDENT | The Ministry of Trade, Industry, and Cooperatives, in collaboration with the International Trade Center and with support from the European Union (EU), has launched a new project that aims at empowering Uganda’s small and medium enterprises (SMEs). The four-year sh33billion project aims to …
Read More »America’s weak strongman
Toronto, Canada | TIMOTHY SNYDER | Over the past two months, financial investors have hit upon a new trading strategy, based on a simple rule: TACO – Trump Always Chickens Out. America’s president threatens to slap massive import tariffs on friends and foes alike, or to remove the Federal Reserve …
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