By Brian Aloo A Visionary Initiative with Unintended Consequences The East African Community (EAC) took a significant step towards deeper economic integration in 2014 with the introduction of a unified payment system. This system, aimed at facilitating easier and …
By Naomi Makovo A Sizeable Share of Local Currencies In a bid to make commerce work for Africa, African Export-Import Bank (Afreximbank ) and African Continental Free Trade Area (AfCFTA) Secretariat, successfully organized a consultative forum bringing together the …
By Ronny Ndiema New opportunity for EAC At the on 20 July 2024 in Accra, Ghana, officials announced that the EAC-COMESA-SADC Tripartite agreement would come into force on 25 July. This is after the Republic of Angola deposited its …
By Musila Muoki Economic Windfalls and undesirable outcomes In his budget address to the East African Legislative Assembly, the chairperson of the council of ministers in the region recognized both progress and challenges being experienced in the region. The …
By Muoki Musila Inklings of Sibling Squabbles While the outcomes of the meeting in Kampala were vaguely shared in a communique issued by the two countries, a joint ministerial commission (JMC) between Kenya and Uganda inked a way to resolve …
By Musila Muoki National Single Window Initiatives The Nigerian Federal government recently launched a National Single Window Project to revolutionize trade and boost Africa’s fourth-largest economy. The initiative, geared toward enhancing revenue generation and import/export trade streamlining, comes at a …
By Bernice Kimani African E-commerce Awakening E-commerce in Africa has increased, with the market size amounting to US$ 277.1 billion in 2023. The fast-growing market size, estimated at 3.2 billion users in 2029, is mainly driven by enhanced consumer shopping …
By Musila Muoki Tied to a Stinky Past Following a high-level joint border sensitization mission at the Elegu/Nimule border between Uganda and South Sudan, the need for partner state collaboration to enhance cross-border trade in the East African region …
By Muoki Musila Mending Broken Trade Relations Rwanda and Uganda set out to evaluate their areas of strategic cooperation and the implementation status of the past agreements during the 11th Joint Permanent Commission (JPC) session held in Kigali between 22-24 …
The case of imported used cars Excluding South Africa, Africa currently accounts for only 0.5% of the global automotive market, and the equivalent of 600,000 units. Its motorization rate is significantly below the global average of 203 with just 45 …
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