Tag Archives: trade

Kampala, Uganda | THE INDEPENDENT | Business leaders and experts have cast doubt on whether the East African Community will benefit from the African Continental Free Trade Area, AfCFTA, that took effect January 1 this year. The AfCFTA is a trading arrangement supported by 54 African countries to create a single …

Arua, Uganda | THE INDEPENDENT | Long-distance truck drivers have demanded the release of four bodies of their colleagues killed in South Sudan. Between July and August 2021, four truck drivers one Ugandan and three Kenyans delivering cargo goods to South Sudan’s capital, Juba were shot dead by unknown gunmen …

  Liberalization of air services in the EAC region will increase traffic volumes, improve connectivity and lower air transport fares Nairobi, Kenya | Xinhua | The East African Business Council (EABC), a regional trade lobby, on Wednesday urged the East African Community (EAC) partner states to liberalize the air transport services …

Kampala, Uganda | THE INDEPENDENT | Experts believe Uganda could benefit from the East African Region “economic war” between the two local giants, Kenya and Tanzania. A fight for Uganda’s cargo has emerged in the past two years, with Kampala seeking to take advantage of the war, by tabling new conditions. Apart …

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring …

AfCFTA will facilitate regional trade and investment and boost continental economic integration Luanda, Angola | Xinhua | Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Monday that Africa will soon have a new trading standard with the development of the organization. Mene made the remarks …

Experts, government suggest ways to easing trade among partner states Kampala, Uganda | JULIUS BUSINGE | There is a growing concern amongst the business community that the COVID-19 lockdown measures are a danger to business activities, and if not carefully eased, could make the situation worse going forward. This is …

Accra, Ghana | XINHUA | The leadership of the African Continental Free Trade Area (AfCFTA) is promoting a Pan-African payment system to facilitate intra-African trade, a top official said. Wamkele Mene, the Secretary-General of AfCFTA told Xinhua in an interview that the Pan-African Payments and Settlement System (PAPSS) would be …

Kampala, Uganda | THE INDEPENDENT | Uganda needs an export guarantee scheme for trade with Democratic Republic of Congo and South Sudan, according to the Uganda Manufacturers Association Executive Director, Daniel Birungi. Birungi made the remarks at the recently held post-budget virtual conference in Kampala sponsored by Absa Bank Uganda. Birungi’s …

In theory, travellers need to present a COVID-negative test issued no more than 120 hours before travel – but in practice this is not enforced for small-scale traders | KRISTOF TITECA | Informal cross-border trade, which includes smuggling, is hugely important for survival in, around and beyond border regions. Across …