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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 […]
Travelling or moving cargo by train is, on the whole, much less expensive than flying. It is also generally cheaper than water transport. Additionally, it serves the most number of people and the most cargo at a go. This makes railway services the most accessible to ordinary people, in part because trains make it even […]
Kenya Ports Authority (KPA) has launched a five-year strategic corporate scorecard and transformation plan aimed at enhancing service delivery and performance at the port of Mombasa. The new performance management system dubbed Wajibika Na Tekeleza Ahadi (Delivering the promise), is anchored on four major pillars. KPA managing director Gichiri Ndua said the pillars are customer […]
Kenya Ports Authority (KPA) workers will now be required to sign performance contracts to boost efficiency in the face of stiff competition from neighbouring ports. Managing director Gichiri Ndua on Wednesday told workers to “up their game” so that business does not shift to Dar-es-Salaam port. The Tanzanian port is expected to become more competitive […]
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 […]
The East African Business Council, the umbrella body of the region’s private sector, has asked governments in the five-member East African Community (EAC) to expedite implementations of the new WTO trade facilitation agreement. Council chairperson, Felix Mosha, made the appeal on Tuesday during a breakfast meeting with trade facilitation institutions and the business community in […]
Uganda has developed an information exchange system that will allow East Africans to report non-tariff barriers (NTBs) via a short message service on their mobile phone. Sam Watasa, lead adviser on Uganda’s national response strategy for the elimination of NTBs said that the system, set up at a cost of $100,000, will provide a clear […]
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