How To Unlock Business Barriers In East African Community?

BUSINESS: Parliamentarians in the East African Community (EAC) bloc have been urged to spearhead efforts that will remove barriers to business. They should also implore on their respective leaders to ensure that national interests do not supersede EAC ambitions and aspirations. “Parliamentarians hold the key to fast-track and unlock opportunities for economic integration of the […]

How Shipping Charges In East African Countries Rising?

BUSINESS: Business captains in the East African Community (EAC) region say they are concerned by escalating maritime transport costs. They said while intra-regional trade has kept on rising, businesses continue to encounter high transaction costs related to shipping and allied logistics. This emerged here yesterday during the signing of a Memorandum of Understanding (MoU) between […]

Tanzania Currency Ranked Top In East Africa – Bloomberg Data

ECONOMY: Uganda and Tanzania currencies are the best performing media of exchange in East Africa against the dollar, whereas Kenyan and Rwandan currencies continue to lose value against the greenback. According to Bloomberg Refinitiv data, the Uganda shilling continues to hold steady against the dollar followed by the Tanzanian currency at 2.45 percent and 0.76 […]

East African Community Adopting 35% Tariff to Attract Investment

BUSINESS: The East African Business Council (EABC) is urging the partner states to adopt a 35 percent maximum common external tariff (CET) rate for imported goods. The proposed tariff will not only spur industrial development in the region but protect nascent industries from unfair competition. Industries within the East African Community (EAC) bloc would be […]