KRA joins its East African Peers in Implementing Regional Electronic Cargo Tracking System (RECTS).
The Kenya Revenue Authority (KRA) has launched the Regional Electronic Cargo Tracking System (RECTS), connecting with Rwanda and Uganda in reducing the cost of cargo transportation along the Northern Corridor.This follows a July 3 2014 directive by the Northern Corridor Heads of State Summit in Kigali, compelling Kenya, Rwanda and Uganda to embrace e – monitoring of […]
East Africa cross border trade gains as Kenya, Uganda, Rwanda will now jointly monitor transit cargo
USD4.4 Million Regional Electronic Cargo Tracking System was unveiled today and will further reduce transit time, cargo theft and diversion of goods in transit Kampala, 24th Feb 2017: Revenue Authorities in Kenya, Uganda and Rwanda have officially unveiled a Regional Electronic Cargo Tracking System (RECTs) enabling them to jointly track movement of goods from port to […]
President Kagame visits Kagitumba-Mirama Hills One Stop Border Post, Commends its role in easing cross border trade
Kagitumba, Rwanda, February 13th 2017: H.E President Paul Kagame today visited the newly operational One Stop Border Post (OSBP) facilities at Kagitumba, Nyagatare district at the border between Rwanda and Uganda. The OSBP started operations in December 2015 and has already resulted in a 25% reduction in clearing time from 5 hours to 3.45 hours. TradeMark Africa […]
A mixed approach facilitates cross border trade leading to increased revenue, incomes and improved livelihoods
Allen Twinomugisha, a mother of 7, trades at the Uganda/Rwanda Border at Mirama Hills. She crosses from Uganda to the Rwanda town of Kayonza to sell bananas and other agricultural produce at-least 4 times a day. She makes a profit of UGX10, 000 per day (US$61 per month). Judging from the busy transporters on bicycles, […]
Count down to entry into force of the World Trade Organisation Trade Facilitation Agreement
In December 2013, Member Countries of the World Trade Organisation (WTO) concluded negotiations on a Trade Facilitation Agreement (TFA) at their 9th Ministerial Conference as part of the wider “Bali Package”. The TFA is about simplification, standardisation, harmonisation and transparency of trade-related procedures. According to the WTO 2015 Global Trade Report, the impact of implementing WTO […]
SWEDISH DELEGATION TOURS TRADE FACILITATION PROJECTS IN SOUTHERN TANZANIA
Songwe – February 1, 2017 – A Swedish delegation led by the Director General for Trade in the Swedish Ministry Foreign Affairs, Ms Karin Olofsdotter, and the Director General for International Development Cooperation, Johannes Oljelund and the Swedish Ambassador to Tanzania, H.E Katarina Rangnitt visited the Tunduma One Stop Border Post (OSBP) currently under construction. The […]
TMA positioned to tumble logistics hurdles in Tanzania
Tanzania has recorded an impressive improvement in the area of logistics according to the Global Logistics Index Report prepared by the World Bank in 2016. The country has jumped by about 70 positions to be number 61 out of 156 economies that were ranked as compared to 2014 when it was ranked number 138. The […]
FINLAND GRANTS €9.8 MILLION TO TRADEMARK EAST AFRICA TO TRADE FACILITATION AND SPUR ECONOMIC GROWTH IN EAST AFRICA
Nairobi – January 24, 2017 – Finland has granted 9.8 million Euros to TradeMark Africa (TMA) to support its work in enhancing trade across the East African Community to increase prosperity in the region. The agreement will advance common goals of increasing trade within East Africa by reducing the time and cost of transiting and transporting […]