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Rwanda and Uganda have signed a consultancy services contract for the preliminary engineering design of the Kigali-Kampala standard gauge railway. The deal is a step forward following a decision by three East African Community partner states-Uganda, Kenya and Rwanda-to enter a tripartite arrangement to fast-track integration projects . The proposed standard gauge railway, to be […]
TANZANIANS need to dump their inferiority complex as the integration process in East Africa gathers pace towards monetary union because the country is set to become a leading economic powerhouse in the region. This is a general view shared here on Sunday at a seminar for Members of Parliament (MPs) on the Protocol to establish […]
TANZANIA will strive to promote intra-Africa trade, an important initiative that presents opportunities for sustained growth and development. Intra-African trade has the potential to reduce vulnerability to global shocks, contribute to economic diversification, enhance export competitiveness and create employment. This was said by the Deputy Permanent Secretary in the Ministry of Industry and Trade, Ms […]
Trade is an excellent kindle for igniting growth, jobs and socio-economic gains. For this to occur, trade has to be effectively harnessed and sustainably exploited. This requires market information, trade intelligence, skills upgrade, productive capacity and an enabling business environment. In many respects, these elements are ‘Business 101’ of what any economy needs to grow […]
Observers have said that trade within the East African Community has improved tremendously as the regional integration within the bloc has spurred the movement of goods and services across the borders. Speaking to The Observer recently, Isaac Shinyekwa, a trade and integration research fellow at the Economic Policy Research Centre (EPRC), said trade in the […]
Kenya has differed with the other East African partner states over the status and management of the export processing zone (EPZ) firms in the region. At the recent EAC Sectoral Council of Ministers’ meeting, Kenya proposed that domestic market access thresholds for EPZ firms raised from the current 20 per cent to 100 per cent […]
East African governments have used taxes to cushion their local industries on the one hand and encourage imports that support key sectors, such as infrastructure and energy, on the other, in a balancing act that gives fresh impetus to implementation of the Common Market Protocol. In budget proposals announced on Thursday, Kenya, Uganda, Rwanda and […]
Tanzania has been urged to create a single window at border points so as to boost cross-border trade in the East African region. “There is a need for Tanzania government to create a single window at border points so as to make it easy for traders to conduct their business. The government must find ways […]
Trade between the Democratic Republic of Congo (DRC) and Rwanda is to be expanded thanks to the injection of $1 million to ease procedures. TradeMark Africa (TMA) through the Contribution Agreement under TradeMark Africa (TMA) dubbed ‘Linking East to West’, is supporting Rwanda’s trade competitiveness between East African Community and the DRC. Belgium and the […]
Tanzania has overtaken other East African Community (EAC) countries in recording a positive balance of trade last year. Provisional data for 2013, shows that the value of Tanzania’s exports was $1,120.1 million, which is an increase of 82 % from $613.30 million in 2012 and $409 million in 2011, the EAC ministry in Tanzania indicated. […]
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