Paris, France | AFP | Sub-Saharan Africa nations are growing more dependent on China as an export market, putting them at greater risk to shifts in the Chinese economy, a study published Tuesday said. “There is no doubt about a strong dependence on China for countries that produce oil and …
Read More »Museveni to set out African priorities at Global Business Forum
Dubai, UAE | THE INDEPENDENT | President Yoweri Museveni will today share lessons of his years of experience at the ongoing 4th gobal Business Forum on Africa (AGBF) in Dubai, United Arab Emirates, and highlight what he sees as priorities for the upcoming generation of African leaders. Museveni will speak at the …
Read More »IMF chief urges more support for global trade
Washington, United States | AFP | IMF Managing Director Christine Lagarde urged global leaders Wednesday not to reject international trade as policy shifts by Washington and London force resets on major global commercial treaties. Lagarde admitted that the rapid lowering of trade barriers in recent decades had caused significant dislocation, including …
Read More »Rugasira on new Uganda Development Corporation board
Kampala, Uganda | GODFREY SSALI | The Uganda Development Corporation (UDC), the investment arm of government mandated to promote and facilitate industrial and economic development of the country, has finally got a first Board of Directors since its revival in 2008. The new board which will be chaired by Hamu Mugenyi, …
Read More »THIS WEEK: UMA trade fair set for October 3-10
Kampala, Uganda | THE INDEPENDENT | The annual Uganda International Trade Fair organised by Uganda Manufacturers Association (UMA) is this year celebrating its Silver Jubilee from October 3- 10 at the show grounds in Lugogo. The Fair offers an international marketing platform for multi-sectoral goods and services from within and …
Read More »Museveni, EU boss Jean-Claude Juncker discuss EPA
Kampala, Uganda | PPU | President Yoweri Museveni has met the European Union (EU) Commission President Jean-Claude Juncker and presented a raft of concerns raised by East African Community (EAC) member states on the Economic Partnership Agreements (EPA). Leading a delegation of EAC trade ministers to the meeting at the EU …
Read More »Museveni in Brussels for key EU-EPA discussions
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni is in Belgium on a three-day working visit that will include talks with European Union (EU) about the EU-EAC Economic Partnership Agreement (EPA). Museveni took over chairmanship of the East African Community (EAC) from Tanzania’s John Pole Magufuli in May with a promise …
Read More »US commerce secretary in Beijing ahead of Trump trip
Beijing, China | AFP | The visiting US commerce secretary told China’s premier on Monday that the warm reception he received in Beijing “augurs very well” for Donald Trump’s upcoming visit, amid tensions over trade and North Korea. Commerce Secretary Wilbur Ross met with Premier Li Keqiang at the headquarters of …
Read More »VIDEO: Export Strategy to Cost Uganda 2.7 Trillion Shillings
VIDEO: Export Strategy to Cost Uganda 2.7 Trillion Shillings Kampala, Uganda | NBS TV | Government has in an effort to improve the country’s trade balance turned focus on products where Uganda has a comparative advantage. Trade Minister Amelia Kyambade says the newly approved export promotion strategy will help government promote …
Read More »DR Congo temporarily bans import of key consumer goods
Kinshasa, DR Congo | AFP | Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said Monday. “We have decided on the temporary restriction of imports in the western part of …
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