The facility could serve as a model for other similar transactions on the continent Nairobi, Kenya | JOHN BASQUILL | Standard Chartered has agreed a US$100mn facility with British International Investment (BII) to extend trade finance across key sectors of the East African economy, with a focus on economic empowerment for women. …
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HANGZHOU | Xinhua | In a compact shop no larger than 10 square meters, Tao Yang, a vendor in Yiwu — a city in Zhejiang Province known as “the world’s supermarket” — keeps a well-used World Atlas on her desk. “I ask my customers to sign their names over their …
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Beijing holds a lot more cards than Trump may think − in fact, it might have a winning hand COMMENT | LINGGONG KONG | When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest …
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African nations have enjoyed duty-free access to the US market for over two decades under the AGOA. What if US President Trump refuses to renew it? ANALYSIS | ADWOA TENKORAMAA DOMENA | The African Growth and Opportunity Act (AGOA), a trade agreement at the core of US economic policy on Africa, …
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Uganda Exports 🇺🇬 🟡Feb 2024 🔵2025 Feb Coffee $82.56m $167m Cocoa $25.98m $68.7m Tobacco $2.89m $17.05m Minerals $268.88m $318.71 NEWS ANALYSIS | NEBERT RUGADYA | Uganda’s …
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The world trade body previously expected global goods trade to expand by 2.7% in 2025 but it now forecasts it will fall by 0.2% ANALYSIS | CHARLOTTE EDWARDS | The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It …
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ADDIS ABABA | Xinhua | The economic and trade cooperation between China and Africa is gaining momentum, with trade volume recording a 6 percent year-on-year increase to 295 billion U.S. dollars in 2024, Chinese and African Union (AU) officials have said. China has been Africa’s top trading partner for 15 …
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MOSCOW, RUSSIA | TASS | US President Donald Trump’s trade wars may push some Asian and African countries toward joining BRICS, a Russian expert said. “In recent days, and all throughout the past month, we have had a front row seat to the new challenges that have emerged from this …
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KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Trade, Industry and Co-operatives is introducing structural and operational changes in the sector. These include directly selecting trade attaches to foreign missions, reviving the cooperative Bank, among others. Francis Mwebesa, the Trade Minister, says that the moves are coming in as …
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The immediate effects of the tariffs are already evident. By imposing tariffs on goods from other countries, Trump’s policies have led to higher costs for businesses, which are often passed on to U.S. consumers in the form of increased prices for everyday goods like clothing, electronics and household items. COMMENT …
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The Independent Uganda: You get the Truth we Pay the Price
