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East African states need a working political federation and an integrated financial system for the planned monetary union to succeed, the Kenya Bankers Association yesterday said. According to the KBA, the East African Community financial sector has not fully responded to the region’s integration process while the states differ in fiscal policies. “There will be […]
TradeMark Africa recently held a one day training for her partners, private sector and civil society organisations which included: Uganda Shippers Council (USC), Uganda Small Scale Industries Association (USSIA), Private Sector Foundation Uganda(PSFU), Uganda Tourism Board(UTB), Southern and Eastern African Trade, Information and Negotiations Institute (SEATIN) , iCON Enterprise Foundation and African Women’s Economic Policy […]
The African Development Bank (AfDB) has given East African Community trade a strong impetus by agreeing to pay for upgrading of a busy regional road. AfDB is giving $223.5 million for the project. The road runs from Taveta to Voi in Kenya and is being rehabilitated to create another major transport corridor in the region, […]
An ongoing privatization of berths and cargo handling at the port of Mombasa will pass through lower transactional costs to consumer goods imported once complete in under a year. The resulting efficiency will also boost margins of goods exported via the port, according to TradeMark Africa, a non-profit organisation helping in the ongoing East African […]
EAC partners have taken issue with Burundi for introducing new taxes on cigarette imports, terming the decision “discriminatory” and “contrary to the region’s Custom policy.” In the latest trade spat in the region, Uganda, Kenya, Rwanda and Tanzania say the April decision by Bujumbura to introduce a $0.25 excise duty on every pack of cigarettes […]
Limiting corruption is a vital part of lowering costs of doing business in the East African Community. The issue came up during a meeting of the EAC Regional Programme for Sensitization of Border Communities at Rusumo, a border town between Tanzania and Rwanda. ‘Corruption within the Immigration and Customs departments is one of the major […]
Parastatal heads along the northern corridor risk being sacked if they fail to deliver on the contents of the new port community charter they signed yesterday, President Uhuru Kenyatta warned. The charter signed with the private sector aims to improve movement of cargo from the port into hinterland. A total of 13 public entities signed […]
Trade Mark East Africa ( TMA ) has joined PSI Consult limited to design and implement appropriate organizational management and internal control systems for the private sector. Civil society organizations are also included in this project that will expose them to trade and export capability standards. This is all part of making the regional trade […]
The EAC Regional Programme for Sensitization of Border Communities commenced 24 June 2014, at Rusumo town which sits at the border of Rwanda and Tanzania. The programme’s overall objective is to raise awareness among cross-border communities within the EAC region, with particular focus on small scale traders to enhance their understanding of the EAC integration […]
The African Development Bank (AfDB) has stated that construction of the cross-border Arusha-Holili Highway, which also extends from Taveta to Voi on the Kenyan side, will boost East African regional trade, particularly between the two cities of Arusha in Tanzania and Mombasa in Kenya. AfDB Senior Transport Engineer, Mr Patrick Musa, made the remarks here […]
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