Addis Ababa, Ethiopia | Xinhua | The East Africa Community (EAC) economies have proven to be relatively resilient in terms of the catastrophic impact of the COVID-19 pandemic despite greater need for economic diversification, according to a newly launched United Nations Economic Commission for Africa (UNECA) report. The newly launched …
Read More »Uganda maintains 10th spot in ABSA’s Africa Financial Markets Index
However, the financial services sector is not out of the woods yet Kampala, Uganda | JULIUS BUSINGE | Uganda has for the fourth consecutive year maintained the 10th position in the Absa Africa Financial Market Index 2020, signalling a stagnation in performance. The report, released by Absa Bank shows …
Read More »‘When Uganda sneezes, East Africa catches a cold’
Arusha, Tanzania | THE INDEPENDENT | Former Burundian President Domitien Ndayizeye has called for transparency and peace in the forthcoming polls, and cautions that whatever happens in Uganda will impact the entire East African Region. Ndayizeye was flagging off the team of 74 EAC Mission Election Observers drawn from the …
Read More »Uganda – Kenya trade tension
Ugandan manufacturers to ran to East African Court of Justice over trade restrictions Kampala, Uganda | JULIUS BUSINGE | Tensions between Ugandan traders and the Kenyan government is likely to get worse a head of the festive season this December, according to executives at the Uganda Manufacturers Association. The traders …
Read More »Pearl Dairy 5 year growth projection
New markets, increased consumption, and stable EAC economy will boost returns, company executives say Kampala, Uganda | JULIUS BUSINGE | Executives at Pearl Dairy Farms Limited expect a boom in business in the next five years supported by an increase in milk consumption, new markets and the easing of trade …
Read More »Kenya’s exports to EAC surpass pre-COVID-19 period
Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …
Read More »East Africa losing revenue due to low investments in value addition
Nairobi, Kenya | Xinhua | The East African Community (EAC) is losing revenue due to low investments in value addition of horticulture and leather produced in the region, says a report released on Thursday. According to the report by East African Business Council (EABC), a private business lobby of …
Read More »EAC rolls out regional electronic cargo and driver tracking system
Kampala, Uganda | THE INDEPENDENT | The East Africa Community (EAC) secretariat and its partner states have unveiled a new mobile application to enable the issuance of the EAC COVID-19 digital certificates that are mutually recognised by the partner states. The app dubbed the Regional Electronic Cargo and Driver Tracking System …
Read More »EAC resumes operations after two months delay
Kampala, Uganda | THE INDEPENDENT | The East African Community’s normal operations have resumed after the Legislative Assembly, EALA, approved a vote on account of almost USD 19.6 million at a virtual meeting after a two-month delay. The vote will support the normal operations and cater for expenses of the …
Read More »Rwanda to replace all its passports with East Africa e-passports
Kigali, Rwanda | XINHUA | Rwanda’s immigration department on Thursday announced it will replace all passports with the East Africa e-passports after June 27, 2019. “All passports issued before June 27, 2019, will be phased out, and replaced by the Rwanda East African electronic passport after June 27, 2021,” the …
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