Uganda’s shilling rose after the country’s central bank became the first in Africa to hold an unexpected rate meeting since Russia’s invasion of Ukraine disrupted global supply lines and caused inflation to skyrocket, fueling speculation that it could raise its […]
A recent push to move business via the Djibouti route poses a new danger to the Port of Mombasa, depriving Kenya of money of the 1.1 million tonnes of cargo the facility handles each year. For all shipments going to […]
South Sudan intends to utilize Djibouti Port to import commodities from international markets.Lado Lukak Legge, Deputy Chairperson of the Chamber of Commerce, said that preparations are in the works to shift commerce from Mombasa to Djibouti. “We are in negotiations […]
The Uganda Revenue Authority (URA) has devised methods to begin collecting VAT from non-resident service provider businesses operating in the Ugandan economy, including Facebook, in order to increase tax collection. VAT collection from these businesses will begin on July 1, […]
Even if there are still unresolved disputed problems between the two sides, Rwanda’s complete reopening of its border with Uganda has not yet brought the favorable anticipated benefits of increased commodities movement. And now, both nations may confront uncertainty if […]
According to Elly Twineyo Kamugisha, executive director of the Uganda Export Promotion Board (UEPB), a collaborative effort among stakeholders is required if Uganda is to realize export development potential in the agriculture sector. He made the remarks on June 17 […]
Kenya and Uganda are staring at another round of trade wars after Nairobi reintroduced a levy on eggs imported from the neighbouring country. Uganda says Kenya is now taxing its eggs at a rate of Ksh72 ($0.6) a tray, bringing […]
The Bank of South Sudan has launched a new dollar intervention to combat rising commodity prices. The Central Bank said on Friday that it would provide $8 million to commercial banks and forex bureaus beginning Monday, June 13, in an […]
Kenya’s biggest energy generator is spearheading the drive to become the nation Africa’s block reward mining center. The business, known as KenGen PLC, is attracting miners with low-cost geothermal energy, and claims to have already been contacted by a number […]
The Minister of Humanitarian Affairs and Disaster Management has urged neighboring nations not to limit food shipments to the country. In a press release issued yesterday, Peter Mayen Majongdit stated that neighboring Uganda has blocked a significant export market in […]
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