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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. […]
The signing of the highly anticipated trade agreement between the East African Community and the European Union has been delayed again. At the latest EAC Sectoral Council on Trade, Industry, Finance and Investment meeting in Arusha on May 30, the ministers pushed the final negotiations to July 14 due to meetings scheduled on the national […]
German investors will push for scrapping of tariff policies discriminating against products from Kenya and the rest of East Africa to help improve the trade balance between the economies. The investors also agreed to change the country’s view of East Africa as a fragmented economy in fresh bilateral ties, promising intense investments activities. Former Federal […]
Kenya is yet to sign the Economic Partnership Agreement (EPAs) with the European Union because of some outstanding issues. EPAs, which are an improvement of the Lome Conventions that date back to 1975, are expected to enhance the current preferential market access of Kenya’s products in the EU. The deal is also meant to promote […]
The qualms that had earlier arisen over Tanzania’s commitment towards the achievement of an East African Community are seemingly put aside following reports that the country has joined the Single Customs Territory (SCT). The questions stemmed from the decision by the governments of Uganda, Kenya and Rwanda to jointly fast track and implement infrastructure projects […]
Rwanda’s trade with its neighbours is expected to grow following the signing of a $1m (about Rwf697m) funding deal to boost cross-border trade with the Democratic Republic of Congo, the country’s main re-export market. The grant from Belgium and the UK (through Department for International Development – DFID) was extended through a contribution agreement under […]
Industrialization in the country continues to be among the potential prime movers of the economy after the agricultural sector. With numerous construction and infrastructure projects like the standard gauge railway construction on the pipeline, growth in the manufacturing sector is expected to increase tremendously . Growth in the manufacturing sector brings increased competition and more […]
Netherlands has overtaken the UK as the second top market for Kenya’s exports in the three months to March as shipments to key traditional markets dropped. Official data shows that exports to Netherlands rose 26.9 per cent to Sh11.8 billion, narrowing the gap with Uganda which imported Kenyan goods worth Sh12.4 billion, down from Sh13.6 […]
Kenya’s trade deficit narrowed by Sh14 billion as local firms reduced their appetite for industrial supplies in the three months to March, official data shows. Data from the Kenya National Bureau of Statistics indicates that imports dropped to Sh345.2 billion in quarter one, down from Sh356 billion in a similar period last year. This narrowed […]
The reputation of Kenya’s horticulture exports to the European Union remains under threat as local dealers step up smuggling of rejected flowers and fruits to Europe. Data from European Food Safety Commission showed that 45 consignments of contaminated fresh produce sourced from Kenya were intercepted in the four months to April — cementing a trend […]
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