Browsing: TradeMark East Africa (TMEA)

Across East Africa’s vibrant economic landscape, Kenya and Tanzania hold a prominent position as both trading partners but also nations engaging in a fierce economic rivalry. Collectively, the two countries collaborate in business, yet never-ending feuds often erupt into disruptions that hurt cross-border trade. Overall, their trade wars slow regional integration while limiting the nations’ ability to exploit the full potential of the East Africa Community (EAC) market.…

Uganda is hoping to increase its trade ties with South Sudan following the completion and handover of the first phase of Nimule one-stop border post (OSBP) to the Juba government.

The Nimule one-stop border post (OSBP) is $5 million facility funded by the UK government through TradeMark East Africa (TMEA).

South Sudan customs officials will managed the Nimule one stop border post. While Elegu, the Ugandan side of the border has for a while now been operating as OSBP.

The Minister of Trade, Industry and Cooperatives, Ms Amelia Anne Kyambadde described the project as “a very important development” for not just South Sudan and Uganda but the entire EAC regional trade.

“With opening of the Nimule OSBP, I expect an exponential rise in trade. We expect to grow our trade with South Sudan by close of the year by even $500million. We would like to see our traders form orderly …

The East African Business Council (EABC) has secured US$ 3.2 million financing from TradeMark East Africa Africa (TMEA) to support trade initiatives mainly addressing barriers in the region.

This will support  implementation of a three year programme,“Integrating Public-Private Sector Dialogue (PPD) for Trade and Investment in East Africa Community (EAC) Programme”.

The partnership will support  EABC’s advocacy efforts of improving coordination, reporting and resolution of  Non- Tariff Barriers along the corridors; harmonization and adoption of East African Standards, Sanitary and phytosanitary (SPS) measures, improve adoption and harmonization of customs and  domestic tax-related policies and trade facilitation in the EAC.

To strengthen and sustain EAC’s trade and investment, it is critical that an enabling environment is in place to guarantee growth and predictability.

Public‐Private Dialogue plays a crucial role in addressing constraints, providing short‐term stimulus with long‐term impact and contribute to economic growth and poverty reduction.

The project will enhance advocacy …