MOMBASA, Kenya–The Kenya Ports Authority has proposed a minor tariff amendment with a view to optimizing use of container storage capacity at the Inland Container Depot in Embakasi (ICDE) thereby making the facility more competitive and user friendly. “It is against this background that we are informing you that the minor adjustment of Free Periods […]
Industry
Are EAC leaders committed
KAMPALA, UGANDA – The signing of the East African Monetary Union Protocol that paves way for preparations for the introduction of single currency over the weekend undoubtedly stamps the partner states’ commitment towards achieving regional integration. Having already signed the Customs Union and Common Market protocols, the signing of the Monetary Union protocol by the […]
Develop post conflict reconstruction strategies-World Bank urged
Ugandan Members of Parliament attending the Global Parliamentary Conference have asked the World Bank to develop post conflict reconstruction strategies The Kilak North Member of Parliament, Hon. Anthony Akol called on the World Bank to consider developing post-conflict reconstruction strategies that could help change lives of people affected by war throughout the world. Speaking at […]
Aviation Africa Summit predicts strong aviation market growth
CAIRO, Egypt–The Aviation Africa Summit and Exhibition is taking place today in Cairo, Egypt, it opened to 980 attendees from 56 countries where the key message of the strong growth predictions for the African aviation market. The event opened just a few months after the African Union launched the Single African Air Traffic Market (SAATM), which […]
Maersk boosts Kenya’s SGR train with full block
MOMBASA, Kenya–The world’s largest container shipping company Maersk on Friday engaged the services of a full block freight train to ferry cargo from the Port of Mombasa via the Standard Gauge Railway (SGR) to the Inland Container Depot (ICD) in Nairobi. In a move billed as a game changer and a major boost for the […]
New global player starts operations at the port of Mombasa
Mombasa, Kenya–The Port of Mombasa got a major boost after one of the leading global shipping lines started operations at the Port. Hapag-Lloyd which is a German based shipping company and the fifth largest container carrier in terms of vessel capacity commenced its services in the East African region with its vessel MV Spero making […]
Filing of returns reduced by three hours in Rwanda
KIGALI, Rwanda–Electronic Billing Machine usage has reduced the time taken by Taxpayers to comply with Value Added Tax (VAT) obligations mainly in filing tax return by Three hours, Rwanda Revenue Authority has said. “Electronic Billing Machine usage has reduced the time taken by Taxpayers to comply with Value Added Tax (VAT) obligations mainly in filing […]
Building Energy- Eskom agree on roggeveld wind project
Cape Town, South Africa– Building Energy, a multinational company operating as a global integrated Independent Power Producer (IPP) in the Renewable Energy Industry, this month signed Power Purchase Agreements in Johannesburg with the South African state owned utility Eskom Holdings SOC Ltd to build, own and operate a 147 MW wind plant in Roggeveld and […]
EABC wants EAC elimination of non-tariff barriers Act amended
The East African Business Council (EABC) wants the EAC Elimination of NTBs (Non-Tariff Barriers) Act amended to ease doing business in the region. The law, passed in 2017, was put in place to stop various restrictions on import, export and trade. For the system to work, a number of changes need to be made. NTBs […]
Uganda oil joint venture partners statement on production license approval
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9 quality steel products manufactured in Uganda
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