BEIJING | Xinhua | China’s private enterprises remained the leading category of foreign trade operators in the country for a sixth straight year, making notable achievements in foreign trade in 2024, according to the General Administration of Customs. These achievements include the number of private enterprises that conducted import-export activities …
Read More »DRC to suspend cobalt exports for 4 months
KINSHASA, DRC | Xinhua | The Democratic Republic of the Congo (DRC) has announced a four-month suspension of cobalt exports to regulate supply amid concerns of overproduction in the global market, authorities said Monday. In a statement, the DRC’s Regulatory and Oversight Authority for Strategic Mineral Substances Markets (ARECOMS), a …
Read More »Uganda’s coffee exports revenue rise to USD 115.02 million
Kampala, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has reported that Uganda’s coffee export revenue has risen to USD 115.02 Million, in December 2024. Information from MAAIF indicates that Uganda exported 413,221 60-kg bags of coffee in December 2024, generating USD 115.02 Million in revenue, marking …
Read More »Smallest UK firms suffer more in trade with EU after Brexit: report
LONDON | Xinhua | A London-based think tank published a report on Wednesday revealing that Brexit had a more pronounced impact on exports for the smallest United Kingdom (UK) firms compared to medium and large enterprises. Exports to the European Union (EU) dropped by 30 percent for the smallest firms …
Read More »COMMENT: EU organic certification requirements will kill off Uganda’s agriculture exports
COMMENT | TMS RUGE | For those not paying attention, new EU organic certification requirements of all supply chains have effectively killed off Ugandan agriculture exports into the European Union. For example, organic certification has been a necessary certification for export of our Moringa powder and for a while it …
Read More »Uganda’s exports to China to boost foreign exchange earnings
KAMPALA, Uganda | Xinhua | Two protocols signed between Uganda and China last month that allow the East African country to export dried chilies and wild aquatic products will contribute to the country’s foreign exchange earnings, a senior official said Tuesday. Minister of Agriculture Frank Tumwebaze told reporters Tuesday that …
Read More »UIA launches initiative to transition traders of imported products to local manufacturers
Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) has unveiled a groundbreaking initiative to encourage traders in Kampala’s business hub, popularly known as Kikuubo, to transition from trading in imported products to manufacturing them locally. The “Transitioning Kikuubo Traders to Manufacturing” initiative” is hinged on the spirit …
Read More »What, if anything, has U.S. gained from its trade war with China?
BEIJING, CHINA | Xinhua | Though clashing in many ways, the current U.S. administration and its Republican predecessor have one thing in common: the trade war against China. As recently as February, U.S. utility company Duke Energy, under pressure from Congress, reportedly planned to remove Chinese battery giant CATL from …
Read More »Uganda’s gold exports surge to $2.3 billion after tax cut
However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …
Read More »Over 2000 in Mukono graduate with skills for industry and exports
Mukono, Uganda | THE INDEPENDENT | A total of 2031 people in Greater Mukono districts have been awarded certificates confirming their expertise in different fields after the assessment by the Department of Industrial Training (DIT) at the Ministry of Education and Sports. The awarding ceremony was organized by the Presidential Advisory …
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