EAC News

Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI), a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development. Uganda is abundantly endowed with energy resources, …

Rwanda recorded its first highest roasted beans shipment to the United States of America that generated $77,000 for the Rwandan government. The foreign earnings recorded a high due to its value to the country other than what the country used to export in the previous years. Rwanda is a major …

East Africa’s largest organic fertiliser factory is set to open in the eastern district of Tororo in October.  Sitting on a 600-acre piece of land, the Guangzhou Dongsong Energy Group-owned industrial complex in Tororo District, will produce about 300,000 tonnes of organic fertilisers annually, making it the biggest organic fertiliser …

Uganda has passed the controversial 1% Mobile Money Tax. The excise duty amendment bill 2018 that seeks to place a 1% tax on every transaction made by phone users on Mobile money platforms has been passed by Ugandan Parliament. Government says the amendment in the tax regime will help mobilize …

Kenya is calling for further efforts to control expenditure at the African Union (AU), even as it struggles to pay up its membership fees to the continental body. Ahead of the African Union Summit due on Sunday in the Mauritanian capital of Nouakchott, Foreign Affairs Cabinet Secretary Monica Juma told …

Crackdown on suspected dirty sugar in Kenya has continued with police impounding a number of trucks ferrying the sweetener in Rongo, Migori County. The standards Act under section 9, criminalizes the manufacturing of sugar under the conditions that the contraband sugar was being produced. The businessmen didn’t comply with the …

At least  shs22 billion is expected to be spent on improving roads in Arusha through phase phase two of Tanzania strategic cities project (TSCP). Phase two of the project will also involve the improvement of the drainage systems, construction of solid waste dam in Muriet and containers for the same. …

Uganda will benefit from shs26b agro processing and value addition fund that has been launched by the United Nations Capital Development Fund (UNCDF). The launch is part of shs100b facility that seeks to improve agro processing and value addition in northern Uganda and West Nile. Dr. Dmitry Pozahidaev, from UNCDF, …

The Kenyan government will lift a ban it imposed on poultry from Uganda, after it has been put in place 25 months ago, due to an outbreak of avian influenza in the country. The move, which follows an assessment that ascertained that the neighboring country was free of avian influenza …

A new Trade and Investment partnership has been forged between the Arusha-based East African Community (EAC) and the United States of America. An official statement from the EAC Secretariat said the new Co-operation in trade between the US and EAC has been realized following a meeting on Thursday 14th June …