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Italy rarely, if ever, features on the list of countries with a big presence in the East African region. Not anymore. Italy’s Minister of Economy and Finance was in Kigali and spoke to The EastAfrican’s BERNA NAMATA on the renewed interest in the region. What is driving Italy’s seemingly renewed interest in the East African […]
Excise duty rates are yet to be harmonized in the East African Community, hindering the free movement of goods and services within the Common Market. The reasons for this are historical and fiscal — with states applying different rates in various ways, even for as long as 60 years, without changes. These reasons are not […]
The East African Community has been advised to go slow on its pursuit of a monetary union and instead implement the Common Market Protocol. Dr Horst Kohler, a former International Monetary Fund head who was also president of Germany, argued that the EAC is moving too fast towards a monetary union without fully functioning structures. […]
Rwanda has secured parliament’s commitment to pass the EAC Monetary Union Protocol ratification law this month, putting the country ahead of its regional peers in the implementation of the protocol signed by heads of state in Uganda in November. Tanzania and Rwanda have made the biggest steps so far among their EAC peers in ratifying […]
Kenya, Uganda and Rwanda agreed to implement the Single Customs Territory (SCT) in January 2014. They have since been test-running the procedures for a select group of intra-EAC traded goods, like cement, cigarettes, neutral spirits, milk and milk products, and confectionary since April 1. Under this arrangement, an importer needs to electronically lodge import declaration […]
NAIROBI, Kenya – Jun 4 The East African Council of Ministers has presented the region’s budget estimates for the 2014/2015 financial year of Sh10.8 billion ($124,069,695). The budget priorities the full implementation of the EAC Common Market Protocol with particular focus on free movement of goods, services, labour and capital as well as the implementation […]
The East African Community (EAC) member states, including Rwanda, continue to implement regional trade policies that aim to improve the business climate in the bloc and boost the region’s competitiveness. These policies are also meant to ease access to landlocked countries of region as well as reduce cost of doing business. This and other national […]
Efficient customs services can play an important part in monitoring trade related regulations as well as generating substantial amount of revenues. World Customs Organisation (WCO) says developing countries like Tanzania will achieve higher economic growth rates if customs services are improved to cut down the cost of doing business. The Ambassador of Finland to Tanzania […]
Members of East African Legislative Assembly (EALA) have called upon the business community and other stakeholders to fully exploit Single Customs Territory potential. They made the call in Arusha when contributing to the report of the Committee on Communications, Trade and Investment on Single Customs Territory tabled in the 6th EALA Plenary session on Tuesday. […]
TANZANIA has outshined her East African Community (EAC) partner states in launching and executing electronic cargo systems around the region, Deputy Minister for East African Cooperation, Abdullah Juma-Saadala, has revealed here. Speaking during the ongoing East African Legislative Assembly (EALA) sessions here, Dr Saadala noted that Tanzania was keen to reduce and significantly so, the […]
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