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IN a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development, ARFSD-10, in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality. She also urged the international […]
Taxes and fees charged on African air tickets are higher than what airlines in other continents charge and are inhibiting air transport on the continent. According to the African Airlines Association (Afraa), a leading trade association of airlines based in Ghana that researches aviation, the average amount paid in taxes and fees by passengers in […]
The Uganda Revenue Authority (URA) Customs Department and the Uganda Railways Corporation (URC) have deliberated over the operationalisation of the Gulu Logistics Hub (GLH). Located in the Bardege-Layibi division of Gulu City, the GLH is a dry port and multimodal transport designed to improve the efficiency of cargo transportation by providing a single point for […]
Nairobi, 8 February: The Government of the Netherlands, through its Ministry of Foreign Affairs, in a significant boost to global trade development, has announced a $63 million funding to TradeMark Africa, a leading aid-for-trade organisation. This strategic investment will fuel TradeMark Africa’s Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic […]
Revenue collection has grown up to 42% as business at Katuna border steadily improves ever since Rwanda lifted travel restrictions on Rwandan Nationals to cross into Uganda Katuna border businesses had been stagnant for about four years following closer with Uganda on February 27, 2019. At the time, Rwandan president Paul Kagame accused Uganda of […]
The recently inked Economic Partnership Agreement (EPA) granting Kenya duty-free access for over 80 percent of exports into the European Union represents a milestone for the country. However, the unilateral nature of the pact and resulting tensions with regional partners underline the delicate diplomacy required to balance national and collective interests. As the largest East […]
Players in the shipping and tourism industries are optimistic that the economy will recover this year and want the government to ensure stability in taxes and develop infrastructure to support growth. Kenya Ships Agents Association (KSAA) wants the government to raise productivity levels at the ports and invest in infrastructure to support anticipated growth in […]
For decades, Africa has been the world’s most commodity-dependent continent. At the same time, it has become overly reliant on imports from the rest of the world: intracontinental trade accounts for only 15 percent of total African trade, compared to 60 percent in Asia and 70 percent in the EU. Worryingly, imports of manufactured goods […]
Non-tariff barriers (NTBs) remain a key challenge to intra-African trade even after the launch of the African Continental Free Trade Area Agreement (AfCTA), experts have warned. Speaking during the fourth World Transport Congress which was held in Nairobi last week, players in the shipping and logistics industry said without tackling the commercial challenges posed by […]
Rubavu Port, Rwanda’s largest port, is nearing completion at 96%, and its launch is slated for December. According to Déogratias Nzabonimpa, the Acting Mayor of Rubavu district, despite ongoing finishing works, the port is expected to be handed over this month, with the possibility of the first ship gaining access by December 1. Situated in […]
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