Under the PVoC policy, all goods are supposed to be tested for standards like roadworthiness for vehicles Mombasa, Kenya | THE INDEPENDENT | Uganda National Bureau of Standards (UNBS) has given importers a one-month waiver of the surcharge on goods that are subject to the Pre-Export Verification of Conformity (PVoC) but …
Read More »Kadaga encourages Ugandans to sue Kenya for blocking imports
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has called on concerned Ugandan citizens to sue the Kenyan government for unfair trade practices that infringe on the treaty of the East African cooperation. Kadaga on Wednesday reminded Ugandans of their right to take a partner state to …
Read More »Africa urged to embrace e-commerce to accelerate trade
Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »Limit timber importation to only those that cannot be produced locally – Conservationists
Kampala, Uganda | THE INDEPENDENT | Ugandan government needs to regulate importation of forest products, limiting importation to only those that cannot be produced locally, according to David Duli, country director for the World Wide Fund for Nature (WWF). Duli said there’s also need to review the forest policy and the …
Read More »Uganda’s exports up but trade deficit grew higher
Kampala, Uganda | THE INDEPENDENT | Uganda has lost the trade deficit it had recorded against the European Union in July as imports of merchandises grew faster than the exports to the same region. Both exports and imports dropped sharply in April 2020, the first month of the lockdown that …
Read More »Economy bouncing back, exports rise to $337 million in July
Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …
Read More »China cuts Australian beef imports after warning against virus probe
Sydney, Australia | AFP | China suspended imports from four major Australian beef suppliers Tuesday, just weeks after Beijing’s ambassador warned of a consumer boycott in retaliation for Canberra’s push to probe the origins of the coronavirus. Analysts said the move raised concerns of a possible standoff between Australia and its …
Read More »Coronavirus impact on Uganda’s economy started in February – Report
Kampala, Uganda | THE INDEPENDENT | Uganda’s economy started feeling the hit from the coronavirus (COVID-19) as early as February before the lockdown, a report has revealed. According to the Ministry of Finance, March 2020 performance of the economy report states by start of February, external demand for the country’s …
Read More »Traded goods worth UGX 2.5 trillion undetected annually – Report
Kampala, Uganda | THE INDEPENDENT | Deliberate falsification of invoices and manipulation of customs rules by organizations and individual traders is costing Uganda trillions of shillings in revenue, a new study has shown. A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade …
Read More »Afreximbank holds mid-term review of strategic plan in Kampala
Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) today concludes a three-day retreat in Kampala, Uganda for the mid-term review of its Fifth Strategic Plan dubbed IMPACT 2021: Africa Transformed. Afreximbank operates on five-year strategic plans. The current strategic plan, which is the Bank’s fifth, covers the …
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