Business

Kenya-Tanzania bilateral trade has hit USD 905.5 million in 2021 for the period January –November 2021 according to the Central Bank of Kenya. This was highlighted during the East African Business Council Trade Facilitation Forum at Namanga One-Stop Border Post. Speaking at the Forum, Mr. John Bosco Kalisa said “Kenya imports from Tanzania stood...

The East African Community (EAC) Secretary General Peter Mathuki this Wednesday launched the EAC Regional Domestic Tourism Media Campaign where media outlets expected to disseminate, and showcase the tourism potentials the region possess in efforts to revamp the sector after being largely hit by the covid-19 pandemic since last year. While addressing the journalists...

The East African Legislative Assembly Committee on Communications, Trade and Investment is meeting in Bujumbura to review the East African Community Customs Management Act 2004, to facilitate and ease the cost of doing trade/business in the community. During the meeting the Director General of customs and trade at the East African Community Bagamuhunda Kenneth...

Burundi and Uganda held a 3rd session of the Joint permanent commission in Bujumbura to review and take stock of implications of the decisions made during the second session, and recommend new areas of operations and improving the bilateral relations and livelihood of their people. At Kiriri Garden hotel in Bujumbura last week, Burundi and...

At least one person was shot dead this Monday December 14th, 2020 by the police while attempting to flee with a boat loaded with 52 million worth of loincloth (Kitenge). According to the Burundian police four people were arrested and one shot dead while raiding smugglers sneaking in more than 1800 loincloths from the...

Member state officials indicated that some of the measures are not coordinated at a regional level thus seriously limiting regional trade which involves essential commodities that are in critical demand. PHOTO| FILE COMESA Member States have asked the Secretariat to conduct a socioeconomic study on the effects of the Coronavirus to inform ongoing COVID-19...

Speaking at the EAC Incentive Scheme Workshop organized by East African Business Council with support from TradeMark East Africa; Dr. Samuel Nyantahe from Confederation of Tanzania Industries (CTI) said, "Final products manufactured using raw materials benefiting from duty remission do not access the EAC market at the preferential rate of 0% which has set back the growth...

Foreign Direct Investment (FDI) inflows to East Africa fell by 14% in 2018, this is according to the UN Conference on Trade and Development (UNCTAD). This despite FDI flows to Africa bucking the global trend and registering and increase of 6% in 2018, though most of these inflows went to North and Southern Africa.

The road to exporting avocados to China for Kenyan farmers appears not only to be too long and winded, but also very bumpy. So lengthy is the road that after years of lobbying and six months since Kenya signed a deal with the Asian nation to export the produce, no fruit has left the...

“EAC Partner States to conclude collective Trade Agreement with the United Kingdom to avoid trade uncertainty and disruption between UK and EAC” said EABC CEO Mr.Kalisa during the courtesy visit by the UK Prime Minister’s Trade Envoy to Tanzania, Mr. John Lord Walney to the East African Business Council Headquarter in Arusha, Tanzania, He...