Business

The massive rise in inflation in Pakistan could result in demand destruction and may create difficulties for the government to meet its tax targets, according to a media report. "With global oil prices increasing, Pakistan will find it hard to foot the import bill. Pressed hard by the highest inflation in January (13 per...

At the margins of the EU-Africa Business Forum, the International Trade Centre (ITC) signed a partnership with the Africa Business Council (AfBC) to empower African enterprises especially women and youth. Through this partnership ITC’s One Trade Africa programme will support the AfBC in its mandate to coordinate business support organisations across the continent and...

Kenya-Tanzania bilateral trade has hit USD 905.5 million in 2021 for the period January –November 2021 according to the Central Bank of Kenya. This was highlighted during the East African Business Council Trade Facilitation Forum at Namanga One-Stop Border Post. Speaking at the Forum, Mr. John Bosco Kalisa said “Kenya imports from Tanzania stood...

The Board of the African Development Bank (AfDB) has approved a grant of US$1.5m to advance intra-regional harmonization of electricity regulations and drive cross-border power trading in the COMESA region. This will be implemented through COMESA’s energy regulatory arm -the Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA). The two-year project...

During the 21st COMESA Heads of State Summit held in Cairo, Egypt on 23rd, November 2021, Burundi president Evariste Ndayishimiye called on Common Market for East and Southern African (COMESA) member states prioritize sustainable economic recovery in the post covid-19 pandemic. Burundi’s President Evariste Ndayishimiye who attended the COMESA heads of state summit via...

The East African Community (EAC) Secretary General Peter Mathuki this Wednesday launched the EAC Regional Domestic Tourism Media Campaign where media outlets expected to disseminate, and showcase the tourism potentials the region possess in efforts to revamp the sector after being largely hit by the covid-19 pandemic since last year. While addressing the journalists...

“EAC Partner States to conclude collective Trade Agreement with the United Kingdom to avoid trade uncertainty and disruption between UK and EAC” said EABC CEO Mr.Kalisa during the courtesy visit by the UK Prime Minister’s Trade Envoy to Tanzania, Mr. John Lord Walney to the East African Business Council Headquarter in Arusha, Tanzania, He...

Burundi and Tanzanian government are set to sign an agreement that will see Burundi utilizing the 10 hector dry port that was allocated by Tanzanian government  in Kwala area in coast region near the Dar es Salaam port. “We visited the place which is near to the port what next is that Burundi will...

The exportation of intermediate products in Burundi is said to have contributed to the loss of revenue and job in the country, according to the Burundi Promotion Agency. "We are missing the chances of creating employment because our industry is not yet able to change the composition of the products that we export and...

Burundi and the World Bank Group early this week approved funding of $ 80 million for the Skills for Employment Project of Women and Youth in Burundi (Burundi Skills4Jobs). The project aims to improve access to training and labor market relevance of skills development programs and entrepreneurial opportunities. According to the authorities the fund...