Uganda's Coffee Exports Earnings Hit $657 Million
Uganda’s coffee exports earnings hit $657 million in the year to October 2021, on the backdrop of adverse weather conditions and the global COVID-19 restrictions in the world’s biggest exporters [...]
Kenya's Imports from Tanzania Hit KSh20.5 Billion in H1 2021
Kenya’s imports from Tanzania hit KSh20.5 billion in H1 2021, riding on the back of resolved trade disputed between the two countries. This compares to KSh10.8 billion for the same [...]Uganda Loses $720 Million on the Back of New 5% Tax on Gold Exports
Uganda has lost an estimated $720 million in missed gold exports since July this year as exporters boycott a new tax. In April, the government imposed a levy of 5% [...]EAC Unveils Online Portal to Boost Trade
The East African Community (EAC) has unveiled a digital portal, seeking to deepen trade and lower the cost of doing business in the region. The platform, dubbed the Mansa digital [...]Kenya and USA sign SME Trade Initiative
Kenya and the USA have signed a deal that will enable Kenyan Small and Medium-Sized Enterprises(SMEs) to take full advantage of the African Growth and Opportunity Act (AGOA) and be [...]
Kenya Barbados Sign Bilateral Trade Agreements
Kenya and Barbados have signed three key bilateral agreements for cooperation in aviation, environmental conservation, trade and investment. President Uhuru Kenyatta and Prime Minister Mia Amor Mottley witnessed the signing [...]AfDB to Invest $7 Billion in Trade within the AfCFTA
The African Development Bank (AfDB) said it will support trade valued at $7 billion over the next five years in a bid to spur the growth of the African Continental [...]Intra EAC Trade Falls to KSh649 Billion in 2020
Trade within the East African Community (EAC) dropped by 5.5% in 2020 to reach KSh649 billion, occasioned by the global COVID-19 pandemic that had a negative impact on trade. EAC [...]Comesa Launches Online Platform for Traders in the Regional Bloc
The Common Market for Eastern and Southern Africa (Comesa) Federation of Women in Business and the African e-Trade Group (Ae-Trade) have launched an online platform for traders in the regional [...]Kenya Ethiopia Seal Deal for Free Trade Area
Kenya and Ethiopia have sealed a deal for a free trade area, seeking to enhance cross-border trade and movement of people. The two countries signed the Moyale One Stop Border [...]AfDB Approves $50 Million for StanChart to Boost Intra-African Trade
The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility with Standard Chartered Bank. The agreement seeks to boost intra-Africa [...]Kenya's 2020 Exports to EAC Hit $1.44 Billion
Kenya’s 2020 exports to the East African Community (EAC) rose by 12.7% to hit $1.44 billion (KSh158.3 billion), an increase from $1.28 billion (KSh140.4 billion) in 2019, accounting for 64.3% [...]
