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Kigali: As a landlocked country, regional trade is an essential ingredient of Rwanda’s future economic success. Recognizing this, officials from the United States Agency for International Development (USAID) and TradeMark Africa ( TMA ) signed a $ 5.7 million Cooperative Agreement affirming their partnership under President Obama’s Trade Africa Initiative under the USAID Trade Infrastructure […]
African countries should accelerate integration to promote trade and industrialization by changing mindsets, participants at a meeting on trade said on Tuesday, May 20 in Kigali. Participants at the African Development Bank Group’s Annual Meetings session on “Facilitating Africa’s Trade” agreed that changing mindsets would enhance integration, create economies of scale and promote industrialization that […]
KAKAMEGA Governor Wycliffe Oparanya has said the East African Community common market will make it possible for farmers in the former Western province to sell their products in the region and South Sudan. Oparanya said free movement of people and labour across the region as enshrined in the common market protocol will create employment and […]
Full implementation of Single Custom Territory (SCT), aimed at eradicating trade barriers in East Africa, begins on July 1, the Tanzania Revenue Authority (TRA) confirmed. The SCT initiatives are under the trilateral arrangement including Tanzania, Burundi and Uganda for the central corridor and Kenya, Rwanda and Uganda for the northern corridor that was piloted from […]
East Africa is increasingly emerging as an attractive investment destination partly because of the economic integration of five states, bringing together more than 130m people, vast amounts of natural resources and agricultural land. Jonathan Yach, CEO of Broll East Africa The East African Community (EAC), a federation of Kenya, Uganda, Tanzania, Rwanda and Burundi, has […]
Devothe Mukaruranga, is an importer of textiles based at the ‘Quartier Commerciale’ shopping area in the city. The trader, who imports her merchandise from China, Uganda and Kenya, complains that the high roaming charges in the region ‘eats’ into her profits. “It limits me when I want to communicate with the shop attendant whenever I […]
Joint efforts by East African Community (EAC) member States to reduce the cost of doing business in the region have received a major boost with the planned operationalisation of the Single Customs Territory (SCT) on July 1. The move also forms a major stride towards the attainment of a fully- fledged customs union in the […]
The three current and two future member states of the East African Community (EAC) – Kenya, Uganda, Tanzania Burundi and Rwanda – have signed a memorandum of understanding on currency convertibility, reports Coast Week. “The aim to reduce the cost of transactions for intra-EAC trade,” said Central of Bank of Kenya (CBK) Governor Njuguna Ndung’u. […]
The East African Business Council, the umbrella body of the region’s private sector, has asked governments in the five-member East African Community (EAC) to expedite implementations of the new WTO trade facilitation agreement. Council chairperson, Felix Mosha, made the appeal on Tuesday during a breakfast meeting with trade facilitation institutions and the business community in […]
The year 2014 has continued to register vital achievements for the East African Community integration agenda. It is a year in which we have witnessed more landmarks in the integration process than some people had probably envisaged. Most of these developments formed the agenda and resolutions of the 12th extraordinary heads of state summit on […]
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