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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 […]
An African Union agency has adopted the Lamu Port-South Sudan-Ethiopia (Lapsset) corridor among 16 flagship infrastructure projects , in what will see more foreign countries fund the mega project. The New Partnership for Africa’s Development (Nepad) secretariat said Lapsset is one of the 16 projects in energy, transport and ICT which are in its Programme […]
Trade within East Africa is expected to receive a boost as new plans are underway to bring in Rwanda, Burundi and South Sudan into a regional payments structure, as Tanzania pushes for a cargo clearing system for the Central Corridor. Currently, the East African Payments System (EAPS) is operational in Kenya, Uganda and Tanzania. The […]
Rwanda plans to offer new incentives to attract investors in export-oriented projects in coming months under a new export strategy. It is also developing a framework to guide land allocation and infrastructure prioritization for investment. The new export strategy, still under discussion, is part of a broader plan to diversify and narrow the country’s trade […]
Many traders are now demanding that the Electronic Cargo Tracking System (ECTS) be expanded to cover the entire East African region so that they can fully enjoy the benefits of the new system even outside Uganda. This follows the successful launch of the Electronic Cargo Tracking System in Uganda after it was also effectively piloted. […]
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 […]
Decision by Rwanda and Uganda to impose 75% import duty on Tanzanian rice exports in contravention of East African Community (EAC) Customs Union Protocol is under scrutiny. Responding to Tanzania’s rice exporters, the EAC Secretariat said in a statement on Thursday that: “We know the issue and that the countries are negotiating a settlement.” Under […]
Homogeneity of products from most African markets has been cited as one of the challenges holding back the growth of intra-Africa trade. The majority of African producers and exporters deal in similar products reducing the chances of trading between each other. This forces them to import from markets outside Africa. This was said by the […]
Partner States of the East African Community will jointly collect customs taxes starting July following a successful test-run on a selected range of commodities. Kenya, Uganda and Rwanda have been experimenting on the system, known as the Single Customs Territory (SCT), since April 1. Under the system, importers in the countries are required to lodge […]
Foreign goods ordered by Kenyan traders for resale in region have risen sharply in the first quarter of the year amid dropping Indian Ocean piracy and improvement in cargo clearance. Official data shows that trade in re-exports — foreign goods that are imported to be exported again — stood at 11.3 billion in the first […]
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