Kampala, Uganda | THE INDEPENDENT | A less congested and more calm environment returns to Kampala, a few weeks after the city authorities enforced operations to rid the city of street vendors and hawkers. The last such cleanup was conducted by Kampala Capital City Authority-KCCA under the leadership of Jennifer …
Read More »20 years on, euro has yet to tap its int’l potential
Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …
Read More »World’s largest trade deal enters into force
Jakarta, Indonesia | Xinhua | The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest trade deal so far, enters into force on Saturday. The mega free trade agreement has been applauded by the Asia-Pacific region as an important step toward deeper regional integration and a renewed worldwide momentum for free …
Read More »Uganda records positive balance of trade, as gold receipts hurt
Kampala, Uganda | THE INDEPENDENT | Uganda’s export and import trade sector recorded declines in both volumes and value in the last six months of the year ending October 2021, as economic activity slowed down compared to the previous six months. Uganda had previously recorded a deficit in trade in both …
Read More »Uganda, DR Congo speakers root for regional cooperation
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Jacob Oulanyah and the President of the Senate of the DR Congo, H.E. Modeste Bahati Lukwebo have agreed to foster bilateral relations that better the lives of their people. In their meeting on Tuesday, 21 December 2021 at Parliament House, Oulanyah …
Read More »EAC bloc urged to expedite review of common external tariff to promote trade
Arusha, Tanzania | Xinhua | Member states of the East African Community (EAC) have been urged to expedite the comprehensive review of the EAC Common External Tariff (CET) in order to promote trade and industrialization in the region, the EAC said in a statement released on Monday. Betty Maina, chairperson of …
Read More »Absence of banking services frustrates cross-border trade in Elegu
Amuru, Uganda | THE INDEPENDENT | The absence of banking services continues to frustrate the growth of businesses in Elegu township, the main point of entry to South Sudan through Amuru district. The town council has a population of 17,000 people with more than 500 of them engaged in cross-border trade. …
Read More »RWAKAKAMBA: We are doing a brilliant job at Dubai Expo
Dubai, UAE | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija on Monday morning signed the first investment deal at the Dubai Expo, with global financing company, Modha Investments which focuses on commercial agriculture and food processing. Modha’s license in Uganda targets the development …
Read More »Uganda exports to UAE grow from $300M to $1,850Bn
Kampala, Uganda | THE INDEPENDENT | Uganda’s exports to the United Arab Emirates have grown from $300 million since diplomatic relations were established in 2009 to $1.85 billion in 2020. Exports are mainly precious minerals, high value crops and labour. President Yoweri Museveni today visited Uganda’s stall and pushed for more …
Read More »President Museveni in UAE for start of Dubai trade Expo
Abu Dhabi, UAE | THE INDEPENDENT | President Yoweri Kaguta Museveni has joined dozens of world leaders in Abu Dhabi, United Arab Emirates (UAE) for the 2020 Dubai trade Expo. The Expo that will run up to 31st March 2022 was officially opened on 1st October 2021 in Dubai. On …
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