Johannesburg, South Africa–The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong commitment to […]
EAC
EAC seeks supplementary budget
ARUSHA,Tanzania – The EAC recently presented a Supplementary Budget Speech to the House seeking the go-ahead to expend an additional USD 2,143,960 for the Financial Year 2013/14 to meet its programmes. At the same time, the Assembly debated and adopted the Report of the Committee on Legal Rules and Privileges on the Assessment of Adherence […]
‘Cashless Cities’ could yield 3% average GDP growth
Nairobi, Kenya–Relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to U.S. $470 billion per year across 100 cities around the world – roughly the equivalent to 3% of the average GDP for these cities. These are the findings of an independent study conducted by Roubini […]
Liquid Telecom Rwanda launches Office 365 for businesses
KIGALI, Rwanda–Liquid Telecom Rwanda, a subsidiary of leading pan-African telecoms group Liquid Telecom, is now offering Office 365 to businesses of all sizes in Rwanda accessed through its leading-edge fibre network. The full suite of Office 365 products is now available to customers in Rwanda enabling them to easily and securely work with colleagues, customers, […]
EAC Revenue Authorities meet in Dar es Salaam
KIGALI, Rwanda–The East African Community (EAC) secretariat has convened a meeting of the Single Customs Territory (SCT) aimed at reviewing export process, procedure manuals for the different member states. The five-days meeting scheduled from March 25 to March 29th in Dar Es Salaam, is attended by members of different technical working groups from five Revenue […]
Djibouti to partner PIL & CMA CGM in building Doraleh ports
Djibouti is in talks with shipping companies PIL and CMA CGM to develop ports in Doraleh. The agreement includes adding additional containers to the existing terminal and constructing a brand new port at an initial cost of $660 million. Once built, the Doraleh International Container Terminal will have an annual capacity of 2.4 million TEUs […]
UNBS gazettes 76 consumer protection standards
KAMPALA, Uganda–In an effort to protect the health and safety of consumers and the environment, the Uganda National Bureau of Standards has gazetted 76 new compulsory standards, according to the latest issue of the Uganda Standards Gazette. The compulsory standards are part of the 254 standards approved by the National Standards Council (NSC), the governing […]