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The massive budgetary allocations by East African countries to infrastructure development are a pointer to the seriousness with which the regional governments are taking this key aspect of the economy. Together with a raft of proposed changes to taxation legislation, the focus on East Africa as a regional economic hub is clearer now than ever […]
Kenya has differed with the other East African partner states over the status and management of the export processing zone (EPZ) firms in the region. At the recent EAC Sectoral Council of Ministers’ meeting, Kenya proposed that domestic market access thresholds for EPZ firms raised from the current 20 per cent to 100 per cent […]
Chambers of Commerce from across East Africa and their members are being offered an opportunity to develop trade and commercial ties at a Global Trade Forum set to take place in Kampala on June 18. Olive Kigongo, the President, Uganda National Chamber of Commerce (UNCCI) who also serves as Vice-Chair of the East Africa Business […]
The importer in Kenya was required — prior to verification to apply for, process and forward to the PSI company an Import Declaration Form (IDF) — which acts as an import licence detailing the value of the goods to be imported and other descriptions. The form costs Sh5,000. On importation of the goods, a fee […]
Kenya Trade Network Agency (KenTrade) has announced it will now be possible for importers and exporters to file the taxes and other payments through the banks, using its electronic platform. The entire software is also inter-linked to the Kenya Revenue Authority (KRA) iTax System, for purposes of speedy payment of taxes. In a public notice, […]
The government through the Ministry of Transport has allocated land that will be used as a dry port to serve land-locked countries using Dar es Salaam port. The decision to allocate 160 hectares of land along Mandela Expressway in Dar es Salaam aims at increasing efficiency of the port. The Minister for Transport, Dr Harrison […]
The East African Legislative Assembly (EALA) has given Rwandan representative Dr James Ndahiro a go-ahead to introduce a private member’s bill on electronic transactions that, if passed, will enable traders cut the cost of doing business. Ndahiro yesterday told Sunday Times that the EAC Electronic Transactions Bill, 2014, which is supposed to make provision for […]
Excise duty rates are yet to be harmonized in the East African Community, hindering the free movement of goods and services within the Common Market. The reasons for this are historical and fiscal — with states applying different rates in various ways, even for as long as 60 years, without changes. These reasons are not […]
East African Community partner states posted progress in eliminating non-tariff barriers (NTBs) in the first five months of the year with the number of new barriers falling gradually, which reduced the cost of doing business and opened up more opportunities across the bloc. But the five countries of Kenya, Uganda, Tanzania, Rwanda and Burundi continued […]
East African citizens will from 2016 work in any of the member countries without paying for a work permit, EAC secretary general Richard Sezibera has said. Sezibera said Burundi and Tanzania will join Kenya, Rwanda and Uganda in scrapping the fees by end of this year and next year, respectively. If that happens, the EAC […]
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