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Arusha — The East African community Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) is underway at the EAC headquarters in Arusha, Tanzania. The 27th -30th May meeting will be held through the sessions of Senior Officials; the Co-ordination Committee (Permanent Secretaries); and the Ministerial session. The four-day meeting which brings together the Ministers […]
THE implementation of the Single Custom Territory (SCT) is seen as a crucial move that will reduce costs of doing business and increase efficiency in East African Community customs’ services, but for the Tanzania clearing and forwarding agents it is a blessing in disguise. The SCT is one of the key regional integration priority policy […]
The Ministry of East African Affairs has warned that introduction of levies on transit goods by border counties is inhibiting trade within the East African Community (EAC). Principal Secretary Mwanamaka Mabruki said the move by counties to levy transit goods will hinder the community’s quest for seamless trade. “Imposing taxes on goods going to EAC […]
Members of the East African Legislative Assembly (EALA) will this week begin discussion and debate on the EAC Budget for the next financial year during their current session here. The EAC budget proposal speech, in which over $120 million is set down in estimates will be delivered by the current Chair of the EAC Council […]
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 […]
Uganda is expected to name the contractors for its 1614km Standard Gauge Railway (SGR) network next week as the Ministry of Works moves to beat a July 9 deadline for that phase of the procurement process. This follows the signing of an SGR Protocol by Kenya, Uganda, Rwanda and South Sudan in Nairobi on May […]
Tanzania is losing over $20 Billion in revenues through tax incentives to investors in the export processing zones and illicit flows, a new survey that calls for tough legislation to stem the loopholes shows. The latest Global Financial Integrity (GFI) report on trade mis-invoicing launched last week found that mis-invoicing of trade facilitated a whopping […]
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 […]
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