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Tag Archives: UNCTAD

Cross-border informal exports fall by 99%

Kampala, Uganda | THE INDEPENDENT | Small-scale traders operating around Ugandan borders have suffered one of the biggest tumbles with coronavirus bringing their operations to near zero, official figures show. The scale of the impact is shown in the figures compiled by the Bank of Uganda in March, April and …

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COVID-19 triggers decline in global trade

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic cut global trade values by 3% in the first quarter of this year. This is according to the latest UN Trade and Development Conference (UNCTAD) data published in a joint report by 36 international organizations. The report says the pandemic has led …

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Global investment flows to drop 40% as coronavirus spreads

Kampala, Uganda | THE INDEPENDENT | Foreign Direct Investment flows are liable to drop by 30 to 40 percent during 2020 into next year due to the ongoing COVID-19 pandemic reflecting a far more severe economic blow that initially projected. This is according to the latest investment trends monitor report, …

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Rwanda and China’s rich

Why Jack Ma went to Kenya, Rwanda with 38 Chinese billionaires in tow RWANDA |PEREZ TIGIDAM| Jack Ma, Asia’s richest man and founder of Alibaba Group recently completed a two-day trip to East Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires, all no doubt poised with expensive fountain …

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