As the conflict drags on, African countries with trade ties with Russia and Ukraine face wheat and fertilizer supply shortages Addis Ababa, Ethiopia | Xinhua | The Russia-Ukraine conflict has rocked several countries in Africa, particularly net importers of commodities, a senior economist has said. Tewodros Mekonnen, an economist at the …
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Nebbi, Uganda | THE INDEPENDENT | Local investors in West Nile have tasked the government to address the insecurity in the Eastern Democratic Republic of Congo (DRC), which they say is hampering trade in the region. The investors made the appeal in Nebbi district on Tuesday, during the West Nile investment …
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Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Thursday on new rules of natural gas trade with “unfriendly” countries and regions, vowing to halt existing contracts if these buyers refuse to pay in rubles. “Today I signed a decree … To purchase Russian natural gas, they …
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Kampala, Uganda | THE INDEPENDENT | The European Union and the Private Sector Foundation Uganda (PSFU) have revived the Sustainable Business for Uganda (SB4U), a trade improvement initiative that was disrupted by the COVID-19 outbreak, one year after its launch. The platform launched in 2019 is aimed at enabling Uganda’s export …
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Moroto, Uganda | THE INDEPENDENT | Traders have resumed supplying food to the Karamoja region. Two weeks ago, the traders stopped supplies of food citing the continuous road ambushes. The traders suspended supplying food after three of their trucks were shot at the same time around Lorengedwat sub-county in Nabilatuk …
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Elegu, Uganda | THE INDEPENDENT | Fire has razed down Elegu Market in Amuru District, at the Uganda-South Sudan border. Preliminary reports indicate the fire started at about 1 am on Monday before spreading across the entire market structures made of bamboo poles, timber, and iron sheets. Noah Katende, a …
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Arusha, Tanzania | THE INDEPENDENT | The East African Community member-countries have agreed on the list of goods on which the countries will remove tariffs when trading with the rest of the continent, under the African Continental Free Trade Area (AfCFTA) in 10 years. The countries adopted the EAC Tariff …
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Addis Ababa, Ethiopia | Xinhua | The ongoing COVID-19 pandemic has amplified the sense of urgency in Africa’s quest towards effective and timely implementation of intra-Africa trade and economic recovery, experts have argued. AFRICA’S ECONOMIC RECOVERY The United Nations Economic Commission for Africa (UNECA) anticipates the African economy to continue …
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Kinshasa, Uganda | THE INDEPENDENT | The Government of Uganda represented by the Embassy of Uganda in Kinshasa – Democratic Republic of Congo (DRC) together with the DRC – Uganda Business Association (DUBA) represented by KTA Advocates intend to hold the 2nd Joint Business Forum in Kinshasa from the …
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Addis Ababa, Ethiopia | Xinhua | Africa welcomes the “generous offer” China is set to provide members of the African Union (AU) to help augment exports in the coming years, a senior official has said. Wamkele Mene, the secretary-general of the African Continental Free Trade Area (AfCFTA), told Xinhua that …
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