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Kobero, Burundi – 14 November 2014.At a colourful ceremony at Kobero, a border town west of Burundi’s capital Bujumbura, H.E President Pierre Nkurunzinza laid a commemorative stone to signify the commencement of the construction of the Kobero One Stop Border Post (OSBP). In attendance was Burundi’s Minister of Finance and Economic Development Planning, Tabu Abdallah […]
After 12 years of divisive negotiations toward Economic Partnership Agreements (EPAs), the East African Community (EAC) last month became the latest African region to agree to a bilateral trade deal with the European Union. Concluding the talks was not easy, and sticking points among stakeholders remain, particularly around key African exports like Kenya’s horticultural products. […]
Tanzania’s senior official at the permanent mission in Geneva, Switzerland, Prisca Mutani, has said that the Trade Facilitation Agreement (TFA) as a legally binding pact is not balanced in a manner consistent with the development agenda. In her presentation paper at the Third Regional Meeting of the PACT EAC Project in Bujumbura, Burundi, Mutani said […]
Burundian president Pierre Nkurunziza recently toured South Africa, ending his two-day visit with a bilateral agreement on co-operation in defence, health, education and minerals with Pretoria. The two countries agreed to form a joint commission for Co-operation, which will also see co-collaboration in culture and sports. “It is proper that we co-operate in sharing history […]
About two weeks ago, Presidents Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya opened a two-day East African Business Summit in Kigali, where they unequivocally called on all EAC member states to open up their borders to allow free movement of labour, goods and capital. The leaders were quoted in the media referring to […]
President Paul Kagame yesterday began a three-day visit to London where he addressed business leaders at the Global African Investment Summit. The event, under the theme “Realising Africa’s Investment Potential”, brought together over 300 business executives for a discussion aimed at bringing the private sector and governments together to discuss access to finance and bankable […]
Majority of Tanzanians say the East African Community has positively impacted the country’s economy and want it to join in fast-tracking integration, according to a new survey. Three EAC member states, Kenya Rwanda and Uganda— sometimes called the Coalition of the Willing, have agreed to speed up several integration issues, with Tanzania and Burundi remaining […]
The East African Community (EAC) secretary general, Dr Richard Sezibera, has given a positive endorsement of intra-trade growth prospects within the African continent. Speaking at the Africa Global Business forum in Dubai last week, Dr Sezibera said East African countries traded more with each other in the last three years, growing their trade volumes by […]
Dar es Salaam,September 12, 2014― World Bank Group Managing Director Sri Mulyani Indrawati witnessed the signing of the Memorandum of Understanding (MOU) by Phillipe Dongier, World Bank Country Director for Tanzania, Uganda and Burundi; Ms. Ros Cooper, Acting Head of Office, DFID Tanzania; David Stanton, Director General, TradeMark Africa; and Dr. Shaabani Mwinjakah, the Permanent […]
The deadline for signing the Economic Partnership Agreements (EPAs) is October 1, 2014. The East Africa Community has raised concerns about certain outstanding issues in the agreements. Subsidies to European farmers and the fact that this is not addressed in the current EPAs, export duties and taxes that guarantee policy space for protection of vital […]
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