The East African country is fourth African country to offer visa-free access for all African visitors Kampala, Uganda | RONALD MUSOKE | Rwanda has become the latest African country to offer visa-free access to all African citizens according to the latest edition of the Africa Visa Openness Index jointly published on …
Read More »Ugandan SMEs missing out on African Continental Free Trade initiative
Kampala, Uganda | THE INDEPENDENT | Uganda’s small entrepreneurs have very little information about the opportunities presented by the African Continental Free Trade Agreement (AfCFTA). The agreement, which took effect two years back is yet to see Ugandans benefit from it, according to business leaders and entrepreneurs, despite other countries already venturing …
Read More »The African Climate Summit
Securing new trade and investment opportunities will lift millions out of poverty and adapt to climate change COMMENT | GITA BRIEL & DR. JODIE KEANE | As Africa embarks on its industrialisation drive, supported by the African Continental Free Trade Area (AfCFTA), the realities of climate change are becoming more visible …
Read More »Trade will liberate Africa from exploitation – Tayebwa
Yaounde, Cameroon | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has challenged African leaders to prioritize unrestricted trade with each other while implementing the African Continental Free Trade Area to avoid the burden of foreign aid. Tayebwa made the observation on Wednesday 19th July 2023 while addressing delegates at the …
Read More »African Union in new initiative to boost revenue collections on continent
Data shows most African governments collect about 15% of their GDP in taxes compared to the 40% that is being collected by European, Asian, and North American countries Kampala, Uganda | RONALD MUSOKE | In a bid to boost revenue collection across Africa, the African Union Commission has signed a Memorandum of …
Read More »Top 100 most admired brands in Africa named
African brands slip to 14% o as non-African brands entrench positions Kampala, Uganda | AGENCIES | • Nike retains #1 ranking for 5th consecutive year in a relatively unchanged Top 10 ranking of the most admired brands in Africa. • Unicef is the #1 NGO. • Coca Cola the #1 non-African …
Read More »Uganda private sector, African Bank disagree on financing
Kampala, Uganda | THE INDEPENDENT | Uganda might not get maximum benefit from the African Continental Free Trade Area (AfCFTA) unless the cost of doing business in the county and East Africa is worked on, according to the private Sector. The costs cited include in areas of access to finance, quality …
Read More »IOM calls for seamless intra-African labor mobility to spur growth
Nairobi, Kenya | Xinhua | African countries should enact policy and legislative instruments that facilitate seamless cross-border movement of the skilled labor force in order to realize economic growth, stability and cohesion, the International Organization for Migration (IOM) officials said Thursday. Mohammed Abdiker, the director of the IOM’s Regional Office for East …
Read More »Botswana becomes 45th AU member to ratify African continental free trade agreement
Gaborone, Botswana | Xinhua | Botswana has deposited its instrument ratifying the African Continental Free Trade Area (AfCFTA) agreement with African Union Commission Chairperson Moussa Faki Mahamat, local media reported. The southern African country becomes the 45th African Union (AU) member to ratify the AfCFTA. Botswana President Mokgweetsi Masisi presented the …
Read More »Africa cannot afford failing to implement AfCFTA: AU Commissioner
AfCFTA is the flagship program of Agenda 2063 of the African Union. It aims to boost intra-African trade in goods and services Addis Ababa, Ethiopia | Xinhua | Africa cannot afford failing to implement the African Continental Free Trade Area (AfCFTA), a senior official of the African Union Commission (AUC) …
Read More »