Business

Parts of North China have experienced a shortage of natural gas in what is blamed on the harsh winter season. Experts also blamed the jump in prices to international price factors that have been on an all-time high in recent weeks. International media quoted Ma Chenchen, writing in YICAI Global who...

It's huge, it's wide, and it's potentially a lot more sustainable. The Airbus A380, a behemoth of the skies, has completed a trial flight powered on cooking oil. The test airplane completed a three-hour flight from Blagnac Airport in Toulouse -- Airbus' French headquarters -- on 25 March. It was powered by Sustainable Aviation...

Ministers of infrastructure have called on regional States to scale up programmes to upgrade and maintain infrastructure and facilities, adopt and implement COMESA transit instruments to improve transport corridors’ efficiency. In their 12th joint meeting conducted virtually, today, June 2, 2021, the ministers responsible for transport, energy and Information, Communication Technology (ICT) acknowledged the huge...

COMESA Secretariat has conducted a study on the socio-economic impacts of the COVID-19 pandemic in the region. The study is expected to help Member States in developing policies to address the impacts of the pandemic on their economies. According to the study, only six Member States: Egypt, Ethiopia, Kenya, Malawi, Rwanda and Uganda are...

Youth Ambassadors with border officials at Kobero/Kabanga border during the sesitisation programme on the movement of goods,services and people in the region. PHOTO|FILE. The East African Community Youth Ambassadors are undertaking a multi-stakeholder outreach programme that kicked off yesterday targeting the border communities in some of the East African partner states. The aim of...

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 annual inflation rate for the month of September 2020 increased to 81.9% up from 23.4% recorded in the same month last year. This means that prices of goods and services in the participating Member States went up. According to the latest Harmonized Consumer Price Index (HCPI) which measures inflation rate in the COMESA...

Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank’s latest Commodity Markets Outlook report. The drop in prices, however, is expected to bring little relief...

The Burundian president while addressing the parliament last week vowed to eradicate corruption and embezzlement of public funds.PHOTO|FILE. As Burundi’s new cabinet took oath last week in the presence of President Evariste Ndayishimiye, constitutional court and the parliament, Burundi’s president reiterated his plans to fight corruption in the country for the next seven...

A team of the US International Development Finance Corporation (DFC) made a field visit in Burundi to explore opportunities to invest in mainly in the country’s private sector. While addressing the press in Bujumbura on Friday 9th February, Andrew Herscowitz the Chief Development officer of DFC said that his visit was a follow up of...