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Business / Trade in Uganda

  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%. However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations. Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Ugandan president’s rambling speech on Entebbe anniversary earns Israeli scorn

    ISRAEL, 2016/07/11 A lengthy speech by Uganda’s 71-year-old president, Yoweri Museveni, has become a hit on social media. The elderly statesman was speaking at the 40th anniversary celebrations of the raid on Entebbe, during which Israeli commandos freed hostages who had been taken by Palestinian and German terrorists from a flight from Tel Aviv. It was supposed to be an event that bonded Israel with Uganda, but to onlookers’ consternation Museveni continually referred to Israel as Palestine in his rambling speech. Given that the Israeli prime minister, Binyamin Netanyahu, his wife and dignitaries were present, this error was unexpected, particularly as Netanyahu’s brother Yonatan was killed in the raid.
  • Israeli PM to embark on historic Africa visit boosting diplomatic, economic ties

    ISRAEL, 2016/07/04 Beyond diplomacy and trade, visit holds personal meaning for Netanyahu marking 40 years since Entebbe raid Israeli Prime Minister Benjamin Netanyahu will depart on an historic visit to Africa on Monday, seeking to strengthen relations with new trade partners and marking the 40th anniversary of the Entebbe hostage rescue in which his brother died. The Prime Minister will visit Uganda, Kenya, Rwanda and Ethiopia. Netanyahu's visit will be his initial as premier, and the initial visit to the region by and Israeli Prime Minister in over three decades since Yitzhak Rabin visited Casablanca in 1994.
  • Why is Mr Erdogan spending so much time in Africa?

    TURKEY, 2016/06/04 High quality world journalism requires investment . Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for additional detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/aaf3981a-27e5-11e6-8ba3-cdd781d02d89.html#ixzz4AZVBSpaI Turkish president Recep Tayyip Erdogan is on a four-day east African tour this week, during which he is visiting Kenya and Uganda. This trip is his tenth visit to a sub-Saharan African country in less than 18 months.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • East Africa trading bloc ranked high in regional integration

    DJIBOUTI CITY, 2016/04/04
  • Uganda, Kenya lead on better ease of doing business

    KENYA, 2016/01/30 Uganda has the majority improved business environment in Africa, according to the Doing Business 2016 statement released in October by the World Bank. The east African country’s improvment- measured on the basis of number of reforms and development in relieve of business scores - was outmatched only by Costa Rica globally. Its in general ranking rose to 122 (out of 189 nations), gaining 13 positions compared to 2014, thanks in large part to three business reforms throughout 2015.