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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 […]
Port-based users of the Kenya TradeNet System are happy with stakeholders’ involvement in implementation of the project. Regional heads of State launched the project expected to reduce cargo dwell time at the ports and improve the ease of doing business in Nairobi on May 2. Representatives of key stakeholder organisations in Mombasa said the sustained […]
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 […]
Members of East African Legislative Assembly (EALA) have called upon the business community and other stakeholders to fully exploit Single Customs Territory potential. They made the call in Arusha when contributing to the report of the Committee on Communications, Trade and Investment on Single Customs Territory tabled in the 6th EALA Plenary session on Tuesday. […]
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 […]
The trend for up-sizing on North-South routes, most visible on Far East-Latin America trades over the last couple of years, has not bypassed African trades, with a number of services to West Africa recently reorganised. Despite a variety of infrastructure challenges, the average size of vessels calling at African ports continues to increase, supported by […]
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 […]
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