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Some progress has been made in talks on Economic Partnership Agreement (Epa) between the East African Community and the European Union. Richard Owora, the head of corporate communication and public affairs at EAC Secretariat, told The New Times that negotiations on the Rules of Origin Protocol, including the product specific rules, successfully ended on March […]
On June, 25th 2013, Heads of State of Rwanda, Kenya and Uganda held a tri-lateral meeting in Entebbe Uganda. The outcome was agreements on several different issues dealing with regional infrastructure development, energy, trade facilitation and the East African Political Federation. During this meeting the three Partner States were allocated different jobs to speed up […]
A workshop conducted by the International Monetary Fund (IMF) has warned East African Community (EAC) members against being reliant on donors and volatile commodity exports as the main sources of revenue. The warning by the participants, who included representatives of the finance ministries and central banks in the EAC member countries, was contained in a […]
Uganda and Rwanda have saved up to $469 million in the cost of clearing goods since the East African Single Customs Territory (SCT) was rolled out at the port of Mombasa in January. An EAC ministers’ report from last week’s 5th Northern Corridor Integration Projects Meeting held in Nairobi shows that the clearance time for […]
Business owners in Uganda are expected to save up to $1.2 million a year following the launch of an electronic system that helps owners of goods, clearing agents and transporters to monitor the location and status of their cargo while in transit. The new system launched by the Uganda Revenue Authority (URA) is expected to […]
Kenya’s main port of Mombasa handled 9 percent more cargo in the first quarter of this year helped by an expansion programme that had improved efficiency, the port’s management said on Thursday. The Indian Ocean port of Mombasa, the biggest in east Africa and the region’s trade gateway, handles fuel and consumer goods imports as […]
The Economic Partnership Agreement (EPAs) negotiations between the European Union (EU) and the East African Community (EAC) member States should not be based on the economic imbalance between the two parties but on the quality of trade that exists, Kenya’s flower industry has pleaded. The Kenya Flower Council CEO Jane Ngige on Thursday challenged the […]
As the trade delegation from Kenya accompanied the President to Nigeria this week, manufacturers are upbeat about the efforts by government to open new markets in the African region. Oil rich Nigeria is now the largest economy in Africa with a gross domestic product (GDP) of about $490 billion and a population of over 168 […]
Over the past few years, regional governments have stepped up efforts to improve the business environment and promote cross-border trade. This has involved building of new infrastructure and enacting new business supportive policies. These initiatives were largely responding to traders’ outcry over numerous barriers, like poor roads, delays at border posts and multiplicity of tax […]
Kenya on Friday launched a single electronic system for processing imports and exports, to simplify red tape blamed for holding up trade in the trading hub of the region. Kenya is the main trade gateway to east Africa, through its Indian Ocean port of Mombasa, but traders say it takes too long to get goods […]
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