Tag Archives: trade

KAMPALA, UGANDA | THE INDEPENDENT | A report on the proposed 2023 Alcohol Bill tabled by Sylvia Nayebare, the Chairperson Trade and Tourism Committee of Parliament has been dismissed following findings of the joint committees on Trade and Tourism that observed that the bill fell short of addressing the real challenges …

EAC-CET was established to protect the common interests of various partner states by safeguarding specific sectors, and the lack of uniform application Kampala, Uganda | THE INDEPENDENT | Import costs in the East African Community states are expected to remain high under the newly implemented Common External Tariff (CET) as countries …

The tripartite member states represent 53% of the African Union’s membership, accounting for more than 60% of the continental GDP ($1.88 trillion) and with a combined population of 800 million ANALYSIS | THE INDEPENDENT | The private sector in the East African Community, under their umbrella body, the East African Business …

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the cooperation between Uganda and France in the areas of trade, investment and diplomatic relations as a formidable uniting factor that ought to be fostered for further growth. “We are looking forward to increasing the trade …

Kenya struggles to keep economic grip on Uganda COVER STORY | THE INDEPENDENT | Kenya has four big exports to Uganda; palm oil (11.8%) of exports, cement 10.1%, coated flat-rolled iron 8.94%, and refined petroleum 6.27%. Together, these comprise about 40% of Kenya’s total exports to Uganda as of December …

Afreximbank and ITC will develop detailed profiles of sectors in both regions to map out promising value chains and identify growth barriers and requirements ANALYSIS | THE INDEPENDENT | Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced …

ITC statistics show that trade between Africa and the Caribbean is limited and concentrated in a few sectors, notably minerals and chemicals ANALYSIS | ISAAC KHISA | African-Caribbean trade ties have remained largely unexplored for many years, despite a shared history and culture. Both regions have historically focused on solidifying relationships …

ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the …

However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …

An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …