Trade
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News
EU and EAC launch strategic projects to strengthen regional trade and economic growth
ARUSHA, February 7, 2025 – The European Union [EU] and the East African Community [EAC] has launched three key projects designed to strengthen regional integration, enhance trade and foster inclusive economic growth.…
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Embrace AI to ease customs procedures, EAC Partner States authorities urged
ARUSHA, January 29, 2025 — The EAC Secretary General [SG], Veronica M. Nduva, has urged EAC Partner States Customs authorities to embrace state-of-the-art tools including artificial intelligence [AI] to streamline customs procedures…
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Members threaten to boycott Rwampara coop AGM after two delays
RWAMPARA, January 24, 2025 – Frederick Ngobi Gume, the Minister of State for Cooperatives, and Robert Barigye Bariyo, the Registrar of Cooperatives, have been accused of interfering with the affairs of the…
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PS irked as Mbarara City officials fail to collect market dues
MBARARA CITY, January 17, 2025 – The Permanent Secretary [PS]in the Ministry of Local Government, Ben Kumumanya, has called on Mbarara City officials to expedite the recovery of Shs 100 million in…
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Illegal charcoal trade shifts to boda boda and buses in Adjumani
ADJUMANI, January 6, 2025 — Charcoal traders in Adjumani district have resorted to using boda boda and buses to transport charcoal following a presidential ban on commercial charcoal trade in Northern Uganda.…
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Afreximbank and Ecobank partner to simplify trade and compliance for African businesses
CAIRO, December 24, 2024 — African Export-Import Bank [Afreximbank] and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market…
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Lira political leaders and businessmen advised on trade opportunities in EAC
LIRA CITY, December 15, 2024 – Officials from the Ministry of East African Community Affairs [MEACA] have advised political leaders and businessmen in Lira City and Lira district to take advantage of…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Shs 366mln renovation works begin on Mbarara City bridge
MBARARA CITY, December 9, 2024 – Renovation work on Katete Bridge in Mbarara City officially began today, almost a year after the bridge became unmotorable, hurting transportation and trade in the area.…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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