China sets lowest economic growth target in decades at annual meeting
China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and the war in Ukraine.
Li announced on Saturday the unusually modest target of about 5.5% growth for 2022 – the lowest since 1991...
Regional Blocs launch platform to connect women in business
The digital platform is designed to address the information that is needed by women in business and connect them via a custom-built social networking tool that was launched in Kigali, Rwanda on November 21st 2019. PHOTO|FILE.
COMESA, East African Community and ECOWAS launched a networking platform
to connect 50 million African women in...
It’s not just Russia – China’s also contributing to higher inflation worldwide, report says
Russia is guilty of creating a food security crisis and higher energy prices through its war with Ukraine, but China has — under the radar — also taken actions in three areas that are exacerbating inflation worldwide, said the Peterson Institute for International Economics.
“Russia’s war in Ukraine has taken a shocking toll on the region,” wrote PIIE...
Kenya and Tanzania resolve poultry trade disputes
In a meeting held at the East African Community (EAC) headquarters in Arusha, Tanzania, Kenya and Tanzania have successfully addressed longstanding concerns regarding the export of poultry and poultry products between the two partner states.
The meeting which took place from 29th to 30th April, 2024 brought together veterinary authorities from both countries with...
SMEs in Burundi learn about AfCFTA
The East African Business Council (EABC), in collaboration with the African Export-Import Bank (Afreximbank),
EAC Arts and Culture festival underway in Bujumbura
Burundi president and the current Chairperson of the East African Community Evariste Ndayishimiye launched the 5th Edition of the East African Community (EAC) Arts and Culture Festival (Jumuiya ya Afrika Mashariki Utamaduni Festival - JAMAFEST) at the Intwari Stadium on Monday 5th September, 2022.
The President said the East African Community Arts and Culture...
EAC Partner States adopt Regional Electronic Cargo and Drivers Tracking System
The system allows the users to share information across borders in a transparent manner, and the truck drivers will need to upload the application on their phones.PHOTO| FILE.
East African Community Partner States have adopted the Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha,...
Burundi joins One Network Area
The East African Community (EAC) One Network Area (ONA) has now expanded after the entry of the of Burundi effective this month.
EABC: Burundi’s intra-regional trade declines by 4%
According to the latest figures released by the East African Business Council Burundi’s trade with the East African Community member states declined by 4.1% ($162 million) in 2017 from 169 million in 2016, the regional business council said that the decline of the country’s trade with member states is as a result of decline in volume of both imports...
COMESA Member States wants socioeconomic study on COVID-19 impact
Member state officials indicated that some of the measures are not coordinated at a regional level thus seriously limiting regional trade which involves essential commodities that are in critical demand. PHOTO| FILE
COMESA Member States have asked the Secretariat to conduct a socioeconomic study on the effects of the Coronavirus to inform ongoing COVID-19...