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 Business Council (EABC) CEO John Bosco Kalisa called on the EAC member states to harmonize domestic tax regimes and Proposed measures for 2022/23 Budgets. Mr. Kalisa said the Treaty for the establishment of the East African Community obliges the Partner States to harmonize their tax policies with a view of removing...

The East African Business Council (EABC), in collaboration with the African Export-Import Bank (Afreximbank),

Burundi president Evariste Ndayhsimiye this Tuesday September 27th officially kicked off the business summit between Burundi and Nigeria in Bujumbura in efforts to strengthen the bilateral cooperation between the two countries through investment in the private sector and trade promotion. “This Burundi and Nigeria Business summit calls for ambitious commitments to break the current...

Kenyan exporters have raised concerns of high demurrage charges and loss of their agricultural produce over food certification required by China, making it difficult to trade. The Asian country on January 1 implemented new registration requirements for companies that export food to China. According to the regulations, all overseas manufacturers of...

Burundi ministry of trade, tourism, and industry launched this Thursday February 5th, 2021  Burundi Airlines a company to monitor the country’s owned fleet after being grounded for more than 10 years. The government is the main shareholder with 92 percent of the shares while SOCABU and SABENA owns 4 percent of the shares each. 

Burundi’s former Central Bank (BRB) governor Dieudonné Murengerantwari and a city tycoon Sylvestre Niyonsaba were arrested by

The exportation of intermediate products in Burundi is said to have contributed to the loss of revenue and job in the country, according to the Burundi Promotion Agency. "We are missing the chances of creating employment because our industry is not yet able to change the composition of the products that we export and...

Burundi Central Bank  cautioned the public and that no entity or financial institution is currently authorized to offer remittance or other payment services using a virtual currency. PHOTO| FILE. Burundi’s Central Bank (BRB) has today issued a statement that outlaws the use of cryptocurrency in the country, the governor of the central bank Jean Ciza...

Kenya plans to ask China for a longer repayment period on $5 billion of loans it used to build a new railway line, Transport Secretary-designate Kipchumba Murkomen said. Servicing the Export-Import Bank of China loans, which mature in 15 to 20 years, is choking the economy, Murkomen told lawmakers Wednesday at a confirmation hearing...