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The United Republic of Tanzania and the Republic of Burundi have moved steps closer towards operationalizing One Stop Border Post (OSBP) concept at Kabanga/Kobero border on a pilot basis. The move follows completion of the construction of temporary structures and installation of ICT systems at the border between the two Partner States with the support […]
Devothe Mukaruranga, is an importer of textiles based at the ‘Quartier Commerciale’ shopping area in the city. The trader, who imports her merchandise from China, Uganda and Kenya, complains that the high roaming charges in the region ‘eats’ into her profits. “It limits me when I want to communicate with the shop attendant whenever I […]
Tanzania and Burundi have moved steps closer towards being the first countries in the East African Community (EAC) to operationalize the One Stop Border Post (OSBP) concept at Kabanga/Kobero . The pilot operation is scheduled to commence in June of this year following completion of temporary structures on site and the installation of ICT systems […]
Banks in East Africa have been urged to adopt the East African Payments System which went live in November. Central Bank governors from the region were told that a total of Sh1.6 billion has been processed through the EAPS during the six months it has been active, adding that its adoption will enable banks to […]
East Africans may soon enjoy a smooth trade flow if the Single Customs Territory (SCT) is fully rolled out. Under the arrangement, the EAC member states will adopt a destination model of goods clearance, where assessment and collection of revenue is to be done at the first point of entry. This has already started in […]
Partner States of the East African Community will jointly collect customs taxes starting July following a successful test-run on a selected range of commodities. Kenya, Uganda and Rwanda have been experimenting on the system, known as the Single Customs Territory (SCT), since April 1. Under the system, importers in the countries are required to lodge […]
Less than two months to a self-imposed deadline for full implementation of the Single Customs Territory, only three out of the five East African Community countries have embraced the system. The presidents of member states in November last year agreed on a July 1, 2014, date but only Kenya, Uganda and Rwanda have begun the […]
Joint efforts by East African Community (EAC) member States to reduce the cost of doing business in the region have received a major boost with the planned operationalisation of the Single Customs Territory (SCT) on July 1. The move also forms a major stride towards the attainment of a fully- fledged customs union in the […]
The three current and two future member states of the East African Community (EAC) – Kenya, Uganda, Tanzania Burundi and Rwanda – have signed a memorandum of understanding on currency convertibility, reports Coast Week. “The aim to reduce the cost of transactions for intra-EAC trade,” said Central of Bank of Kenya (CBK) Governor Njuguna Ndung’u. […]
The East African Business Council, the umbrella body of the region’s private sector, has asked governments in the five-member East African Community (EAC) to expedite implementations of the new WTO trade facilitation agreement. Council chairperson, Felix Mosha, made the appeal on Tuesday during a breakfast meeting with trade facilitation institutions and the business community in […]
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