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Arusha — The East African community Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) is underway at the EAC headquarters in Arusha, Tanzania. The 27th -30th May meeting will be held through the sessions of Senior Officials; the Co-ordination Committee (Permanent Secretaries); and the Ministerial session. The four-day meeting which brings together the Ministers […]
THE implementation of the Single Custom Territory (SCT) is seen as a crucial move that will reduce costs of doing business and increase efficiency in East African Community customs’ services, but for the Tanzania clearing and forwarding agents it is a blessing in disguise. The SCT is one of the key regional integration priority policy […]
The Ministry of East African Affairs has warned that introduction of levies on transit goods by border counties is inhibiting trade within the East African Community (EAC). Principal Secretary Mwanamaka Mabruki said the move by counties to levy transit goods will hinder the community’s quest for seamless trade. “Imposing taxes on goods going to EAC […]
Members of the East African Legislative Assembly (EALA) will this week begin discussion and debate on the EAC Budget for the next financial year during their current session here. The EAC budget proposal speech, in which over $120 million is set down in estimates will be delivered by the current Chair of the EAC Council […]
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 […]
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