Search Results for: trade

July 24, 2014

UHURU TOUTS INTRA-AFRICA TRADE

President Uhuru Kenyatta has called on African leaders to work together in removing obstacles that hinder movement across the continent. He was attending the World Economic Forum on Africa hosted by Nigeria under very tight security in Abuja. The President, who was accompanied by First Lady Margaret Kenyatta, said free movement of people, goods and […]

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July 24, 2014

BREAKTHROUGH IN EAC-EU TRADE TALKS

Some progress has been made in talks on Economic Partnership Agreement (Epa) between the East African Community and the European Union. Richard Owora, the head of corporate communication and public affairs at EAC Secretariat, told The New Times that negotiations on the Rules of Origin Protocol, including the product specific rules, successfully ended on March […]

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July 24, 2014

REGIONAL TRADERS, AUTHORITIES TO DISCUSS EASE OF DOING BUSINESS

Regional business leaders and officials from trade facilitation institutions will meet tomorrow to discuss mechanisms on how to solve challenges facing business, especially cross-border trade in the East Africa region. The meeting, that takes place in Arusha, Tanzania, also seeks to create a direct link between traders and officials from regional tax bodies, bureaus of […]

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July 24, 2014

RWANDA SPEEDY ON EAC TARGETS

On June, 25th 2013, Heads of State of Rwanda, Kenya and Uganda held a tri-lateral meeting in Entebbe Uganda. The outcome was agreements on several different issues dealing with regional infrastructure development, energy, trade facilitation and the East African Political Federation. During this meeting the three Partner States were allocated different jobs to speed up […]

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July 24, 2014

LI KEQIANG WRAPS UP ‘FRUITFUL’ KENYA VISIT WITH RAILWAY DEAL

Chinese premier Li Keqiang wrapped up his visit to Kenya on Sunday, saying the three-day trip yielded “fruitful” results. At a meeting with Kenyan deputy president William Ruto, Li said he had reached broad consensus with Kenyan leaders and witnessed the signing of a series of cooperative documents. China and Kenya are both at a […]

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July 24, 2014

SETTING IN TRAIN AFRICA’S RAILWAYS

China and Kenya signed a co-financing deal on Sunday to build a railway linking Nairobi to Mombasa, a critical infrastructure project to boost regional trade and deepen integration in East Africa. Chinese Premier Li Keqiang said interconnection in East Africa and in Africa at large will fundamentally boost economic development of African countries. Several Chinese […]

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July 24, 2014

EXPERTS WARN EAC AGAINST COMMODITY TRADE RELIANCE

A workshop conducted by the International Monetary Fund (IMF) has warned East African Community (EAC) members against being reliant on donors and volatile commodity exports as the main sources of revenue. The warning by the participants, who included representatives of the finance ministries and central banks in the EAC member countries, was contained in a […]

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July 24, 2014

GOOD TRADE LESSONS FOR MOMBASA FROM A CITY IN CALIFORNIA

When Mombasa Governor Hassan Joho visited the United States at the end of April, I learnt that my home town of Mombasa and the city of Long Beach in southern California were sister cities. In all fairness, there wasn’t any way to know about the sibling connection. There haven’t been any shared projects between the […]

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July 24, 2014

FOREIGNERS LIVING IN EAST AFRICA LAND SPECIAL VISA DEAL

Foreigners living in Kenya, Rwanda and Uganda will from next month get a six-month East African tourist visa under a preferential deal agreed on last week as the states sought to fully implement the issuance of a joint visa for the region. According to a report on last week’s Northern Corridor Integration Project Summit held […]

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July 24, 2014

NEW CLEARING SYSTEM SAVES UGANDA AND RWANDA $469M

Uganda and Rwanda have saved up to $469 million in the cost of clearing goods since the East African Single Customs Territory (SCT) was rolled out at the port of Mombasa in January. An EAC ministers’ report from last week’s 5th Northern Corridor Integration Projects Meeting held in Nairobi shows that the clearance time for […]

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