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Regional business leaders and officials from trade facilitation institutions will meet tomorrow to discuss mechanisms on how to solve challenges facing business, especially cross-border trade in the East Africa region. The meeting, that takes place in Arusha, Tanzania, also seeks to create a direct link between traders and officials from regional tax bodies, bureaus of […]
On June, 25th 2013, Heads of State of Rwanda, Kenya and Uganda held a tri-lateral meeting in Entebbe Uganda. The outcome was agreements on several different issues dealing with regional infrastructure development, energy, trade facilitation and the East African Political Federation. During this meeting the three Partner States were allocated different jobs to speed up […]
Chinese premier Li Keqiang wrapped up his visit to Kenya on Sunday, saying the three-day trip yielded “fruitful” results. At a meeting with Kenyan deputy president William Ruto, Li said he had reached broad consensus with Kenyan leaders and witnessed the signing of a series of cooperative documents. China and Kenya are both at a […]
Uganda and Rwanda have saved up to $469 million in the cost of clearing goods since the East African Single Customs Territory (SCT) was rolled out at the port of Mombasa in January. An EAC ministers’ report from last week’s 5th Northern Corridor Integration Projects Meeting held in Nairobi shows that the clearance time for […]
Business owners in Uganda are expected to save up to $1.2 million a year following the launch of an electronic system that helps owners of goods, clearing agents and transporters to monitor the location and status of their cargo while in transit. The new system launched by the Uganda Revenue Authority (URA) is expected to […]
Trade within East Africa is still facing the burden of Non-Tariff Barriers (NTBs) despite promises from EAC member countries to ensure easy flow of goods across the borders. Non Tariff Barriers have had a huge impact on Intra-EAC trade which has remained low at $4.5 billion accounting for only 12% to 13% of trade in […]
Over the past few years, regional governments have stepped up efforts to improve the business environment and promote cross-border trade. This has involved building of new infrastructure and enacting new business supportive policies. These initiatives were largely responding to traders’ outcry over numerous barriers, like poor roads, delays at border posts and multiplicity of tax […]
Source: http://goo.gl/zcRwPH Electronic tracking of goods imported to Uganda or passing through to other countries will start on Friday, Uganda Revenue Authority has said. In a statement, the revenue body has listed nine products which they will start with. These are cigarettes, wines and spirits, beer and beverages, sugar, rice, textiles, motor vehicles imported by […]
Source: Standard Digital President Uhuru Kenyatta has called on the member states of the East African Community to speed up the adoption of a common currency for the region. President Kenyatta said a single currency will assure faster economic growth for the region and called on the member countries to lay the necessary foundations for […]
Source: Shanghai Daily World Trade Organization (WTO) on Tuesday pledged to support efforts by the East Africa Community (EAC) to accelerate integration process. Speaking in Nairobi during a meeting with Kenyan President Uhuru Kenyatta, WTO Director General Robert Azevedo said Kenyatta, also the EAC chairman, has effectively used trade to unite people and advocate peace […]
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