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German investors will push for scrapping of tariff policies discriminating against products from Kenya and the rest of East Africa to help improve the trade balance between the economies. The investors also agreed to change the country’s view of East Africa as a fragmented economy in fresh bilateral ties, promising intense investments activities. Former Federal […]
TRANSIT cargo to the Democratic Republic of Congo (DRC) through the Dar es Salaam port has been increasing ten times annually over the last 10 years, it was revealed over the weekend. DRC is the second largest transit user of the port of Dar es Salaam accounting for 25 per cent of the total transit […]
Kenya is yet to sign the Economic Partnership Agreement (EPAs) with the European Union because of some outstanding issues. EPAs, which are an improvement of the Lome Conventions that date back to 1975, are expected to enhance the current preferential market access of Kenya’s products in the EU. The deal is also meant to promote […]
The qualms that had earlier arisen over Tanzania’s commitment towards the achievement of an East African Community are seemingly put aside following reports that the country has joined the Single Customs Territory (SCT). The questions stemmed from the decision by the governments of Uganda, Kenya and Rwanda to jointly fast track and implement infrastructure projects […]
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. […]
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