Search Results for: trade

July 24, 2014

GOVERNOR, THIS PORT BELONGS TO ALL KENYANS

Mombasa Governor Ali Hassan Joho may have been speaking in jest when he threatened to mobilise the county residents to forcibly take over the Kenya Ports of Authority if a law was not be passed to allow it to share its revenue with the county. What Mr Joho may not have understood was that the […]

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July 24, 2014

CHINESE PREMIER LI KEQIANG’S VISIT TO AFRICA: A (RAIL)ROAD TO SUCCESS IN SINO-AFRICAN RELATIONS?

On Monday, Chinese Premier Li Keqiang concluded his eight-day, four-country tour of Africa. His visits to Ethiopia, Nigeria, Angola and Kenya focused heavily on expanding economic ties with the continent and resulted in dozens of agreements on trade, energy, investment and development. A highlight of his trip was his appearance at the World Economic Forum […]

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July 24, 2014

EAC LAUNCHES SINGLE TOURIST VISA IN S.AFRICA

The East African Community (EAC) has launched its single tourist visa in South Africa. The new cross-border travel permit was unveiled on Monday by ministers, high commissioners and tourism officials from Rwanda, Uganda and Kenya during the Indaba Annual Travel show in Durban, South Africa, a statement from the Ministry of East African Community Affairs […]

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July 24, 2014

STANDARD GAUGE RAILWAY PROJECT MAY BECOME A GAME-CHANGER IN THE FUTURE

The Chinese are not Santa Claus. The deals we have signed with them are loans, which we will have to repay. But I must admit I admire the way these deals are arranged, especially the time-frames and project completion dates. As it is, if things go according to plan, we will have a completely new […]

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July 24, 2014

RE-EXPORTS TO EAC HIT A NEW HIGH THIS YEAR

Foreign goods ordered by Kenyan traders for resale in region have risen sharply in the first quarter of the year amid dropping Indian Ocean piracy and improvement in cargo clearance. Official data shows that trade in re-exports — foreign goods that are imported to be exported again — stood at 11.3 billion in the first […]

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July 24, 2014

KPA DISMISSES JOHO THREAT TO TAKE OVER PORT

Kenya Ports Authority (KPA) chairman Danson Mungatana has dismissed a threat by the Mombasa County to take over the management of the port. Mr Mungatana said the Mombasa port was both a national and international facility serving the country and neighbours like Uganda, Rwanda and parts of the Democratic Republic of Congo. He noted that […]

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July 24, 2014

EAC IS SET TO EXPEDITE FEDERATION

The year 2014 has continued to register vital achievements for the East African Community integration agenda. It is a year in which we have witnessed more landmarks in the integration process than some people had probably envisaged. Most of these developments formed the agenda and resolutions of the 12th extraordinary heads of state summit on […]

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July 24, 2014

SINGLE WINDOW SYSTEM PUTS KENYA IN AFRICA’S DIGITAL LEAGUE

Kenya’s National Single Window System, now known as Kenya TradeNet, was officially launched in Nairobi by Rwanda President Paul Kagame at a ceremony witnessed by leaders from six African nations in Nairobi. The system is an electronic platform that enables Kenya to clear import cargo — which is mostly destined for the neighbouring land-locked economies […]

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July 24, 2014

CLOSE THE INFRASTRUCTURE DEFICIT

Infrastructure deficit is a big problem in Africa estimated to reduce industrial production by 40 per cent and making the cost of doing business very high. Massive investment is required to finance the development of electricity, roads, railways, airports, seaports and waterways as well as ICTs. Countries, sub-regions and the continent must scale up mobilisation […]

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July 24, 2014

GOVERNMENT TO BENEFIT FROM U.S.$3.8 BILLION REGIONAL RAIL NETWORK

South Sudan is among several East African countries earmarked to benefit from the $3.8 billion railway line network that will mainly be funded by China with a 10% contribution from Kenya. The deal, which was finalised in Kenya, reportedly seeks a rail link between its port of Mombasa and the capital, Nairobi, with the inaugural […]

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