Search Results for: tax

August 25, 2014

East Africans seeking to unlock trade talks with European Union

Kenya’s Cabinet Secretary East African Affairs, Commerce and Tourism Phyllis Kandie said Friday the meeting to be held in Nairobi would help resolve contentious issues blocking the signing of the agreement. “Some of the pending issues are at ministerial level and we are working with our partners in the East African Community (EAC) to have […]

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August 21, 2014

Uganda tax agency tracks consignments

KAMPALA, Uganda – Uganda Revenue Authority (URA) will begin tracking goods in transit from Mombasa port in Kenya. Initially, URA was only tracking goods in-transit from Busia/Malaba boarders. Commissioner Customs Richard Kamajugo said this during the tour of the URA Transit Monitoring Unit and Electronic Cargo Tracking System (ECTS) by a team of European Union […]

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August 21, 2014

Good progress being made on African tripartite FTA

It was indicated, at the recent 34th Southern African Development Community (SADC) Heads of States and Governments Summit, that negotiations for the tripartite free trade agreement (FTA), with the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC), are at an advanced stage. A timetable for the SADC-COMESA-EAC tripartite FTA, […]

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August 20, 2014

Rwanda set to ease customs procedures

KIGALI, Rwanda – The Rwanda Revenue Authority (RRA) is ready to implement the Single Customs Territory system across the Northern Corridor writes AGNES BATETA RRA officials believe this will also help widen the tax base of the country. The Northern Corridor runs from Mombasa and is the major transport link for Rwanda, Uganda and parts […]

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August 20, 2014

East Africa: How the EAC locked horns with the EU over the EPA negotiations

In a new series of guest articles on the negotiations underway to agree a set of Economic Partnership Agreements (EPAs), Godfrey Ssali from the Uganda Manufacturers Association explains what is behind the current deadlock between the East African Community (EAC) and the European Union (EU). The EAC partner states also belong to the African, Caribbean […]

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August 18, 2014

Double taxation a stumbling block towards trade boost in EAC

The Common Market Protocol aimed to provide free movement of goods; labour; services; and capital, which will significantly boost trade and investments and make the region more productive and prosperous. With the integration process still in progress, it’s becoming a challenge to boost trade within the East African Community because of the double taxation. The […]

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August 18, 2014

Trade row pits Kenya against Egypt

Kenya and Egypt are headed for a trade dispute that could affect the former’s tea exports following allegations that Cairo is importing sugar from Brazil and exporting it to Kenya as its own after repackaging. The two are among the 19 members of the Common Market for Eastern and Southern Africa’s Free Trade Area, where […]

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August 7, 2014

TRADERS TO REPORT REGIONAL BARRIERS

The ministry of Trade, Industry and Cooperatives (MTIC) has commissioned the Non-Tariff Barriers (NTB) reporting system, where traders will report any problem along the different regional trade corridors through a mobile phone and via email. The new system is designed to be used by anyone with a mobile phone connected to the four telecommunication companies’ […]

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August 7, 2014

GET A MOVE ON WITH CUSTOMS TERRITORY

The advent of the Single Customs Territory is a major step towards rebooting intra-regional trade and implementing the East African Common Market. Already, importers from landlocked countries using the ports of Mombasa and Dar es Salaam have started reaping the benefits due to the short time taken to transport goods to various destinations. For instance, […]

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July 25, 2014

DAR MOVES TO CURB SUGAR SMUGGLING

Tanzania is revising sugar import rules to allow bulk importation in order to address domestic shortages. Agriculture, Food Security and Co-operative Minister Christopher Chiza said covering deficits through merchants usually leads to excess imports and low prices that hurt local factories. “We want to import in bulk because when we allow business people to import […]

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