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Tag: Ministry of Trade and Industries

African free trade area launched after delays owing to Global Coronavirus Pandemic.

African free trade area launched after delays owing to Global Coronavirus Pandemic.

FEATURED, NEWS, SPORTS
African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization. Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035. But obstacles - ranging from ubiquitous red tape and po...
Why DR Congo is Worth Investing in?

Why DR Congo is Worth Investing in?

Business, FEATURED, Latest News, Politics
The willingness of the Government of Uganda and President Museveni in particular to construct roads and other infrastructures to DR Congo shows the zeal by Government to transform these political relations into economic gains. Uganda can enjoy a trade surplus even without digging deep into its vast natural resources. Uganda has limitless potential for exporting an array of locally produced products and services — from horticulture to construction and engineering. Uganda is home to some top-quality products that can compete in any market around the world. This is fact! The major drawback affecting exports has been the failure by local companies to aggressively capture regional markets and leveraging on the country’s geographical location, which comes with few logistical hea...
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