News Tag: Tanzania

IMPROVING GENDER EQUALITY IN TRADE AS A WAY OF AIDING DEVELOPMENT

Symposium on Inclusive Participation of Women in Trade, which took place in Nairobi in September, was co-organised by Professor Leïla Choukroune and attended by Nancy, who is a PhD Candidate in the Faculty of Business and Law. Nancy says: ‘The Symposium dealt with the broader perspective of emerging global issues in trade and narrowed down to inclusivity of women in trade from a gender perspective. The event attracted high-level dignitaries including Kenya’s Minister for Trade, UNCTAD Secretary General, Ambassadors and CEOs from various organisations across the globe. Various presentations were made by specialists ranging from information technology, data analyses and legal perspectives. My paper was titled:’Legal Framework for Inclusion of Women in Trade: Case of the United Kingdom vis a vis Kenya.’ This was informed by the 2030 United Nations Agenda for Sustainable Development, which included 17 Sustainable Development Goals (SDGs) aimed at ending poverty, hunger and inequality, supporting action on climate change, improving access to health and education, and building strong institutions and partnerships. The inclusion of a standalone goal (Goal 5) on women’s equality, as well as the mainstreaming of gender and inclusion through the other 16 goals, is a key achievement for the international community. Gender inequality in most spheres of development remains a major barrier to human development. The presentation demystified the legal and institutional framework of the rights of women in trade, reasons for the shift from exclusion and marginalisation of women for many decades and an increase in inclusion by creation of relevant legislation...

East Africa splurges on infrastructure in budgets

Regional economies have allocated a third of their individual budgets in the new financial year to infrastructure projects, aiming to boost economic activity and spur growth. Of the $15.8 billion going to development projects, Kenya allocated $6.25 billion (39.5 per cent), followed by Tanzania at $5.3 billion, then Uganda at $3.05 billion and Rwanda at $1.28 billion. Kenya reduced its allocation from $7.4 billion in the 2017/18 fiscal year. Tanzania’s allocation increased from $5.27 billion in the year ending June 30. Uganda had set aside $1.32 billion, while Rwanda had earmarked $924 million for development expenditure last year. The projects range from airport upgrades to aircraft purchases, modernisation of road and railway networks, and energy generation. Tanzania says it will prioritise the construction of its Central Railway Line under the standard gauge railway project, for which it has budgeted $3.14 billion, with about half of it paid to the contractor. Kenya has allocated $747 million in the new financial year for the construction of Phase 2A of its SGR, from Nairobi to Naivasha in the Central Rift. Uganda is juggling between upgrading its metre gauge railway and initial work on its SGR, which is currently at the land compensation stage. Uganda Railways Corporation took over the operation of the metre gauge railway, after the termination of the Rift Valley Railways concession. Railway services on the Eastern Route resumed in February, and they reinstated the passenger rail service in the Kampala Metropolitan Area. Ugandan Finance Minister Matia Kasaija reiterated the country’s...

Igad signs cross-border trade policy

The Intergovernmental Authority on Development has adopted a regional policy framework on cross-border trade that promises to be a lifeline for the region’s small-scale traders. Trade ministers from Djibouti, South Sudan, Sudan, Uganda, Somalia and Kenya and a representative from Ethiopia meeting in Mombasa last Thursday signed a policy document seeking to strengthen border security systems, support trade facilitation at border crossings and promote participation of border and communities in policy making. The Informal Cross-Border Security Governance policy tackles issues related to food security, employment, peace and security in the region’s borderlands. Kenya’s Trade Cabinet Secretary Adan Mohamed said the initiative is expected to sensitise on cross-border trade among member states. “The beneficiaries are likely to be women and youth, and we are happy that today we have a framework that will recognise the socioeconomic contribution of informal cross-border trade within member states,” Mr Mohamed said. “It will also help us understand the linkages between cross-border informal trade and cross-border security,” he added. The policy document will be presented to the Igad Heads of State for onward transmission to the African Union. Mr Mohamed said that improving cross-border trade is one step towards the Continental Free Trade Area that the Heads of State signed in Kigali in March. Uganda’s Trade Minister Amelia Kyambadde said the policy will regulate the informal trade within Igad countries and provide an opportunity to grow the informal sector. HORN OF AFRICA SUMMIT TO DISCUSS CROSS-BORDER TRADE, SECURITY. “This policy will have an impact because every...

Tax incentives to boost industry in EAC

EAC countries have turned to tax incentives in a bid to boost industrialisation. Finance ministers from Kenya Uganda, Rwanda and Tanzania all presented their budgets on Thursday last week. The four countries also had one common theme; ‘Industrialisation for Job Creation and Shared Prosperity’. The budgets, however, took varied approaches to spur their growth agenda. The budget speeches showed how the governments planned to support and promote their priority areas. One common incentive was tax exemptions. For instance, neighbouring Tanzania is moving to support their local pharmaceutical industry by exempting tax on packaging materials produced specifically for use by products in the field. Experts say that among other things, this is likely to act as an incentive for investors and entrepreneurs in the sector. The Tanzanian Government also exempted tax on purchase of sanitary pads a move which gender activists have applauded saying it will significantly reduce the prices of the items. David Baliraine a senior Manager at Ernst and Young noted that the East African nation had also exempted taxes on government projects funded by non-concessional loans and also on agreements signed between the Government and a Financial Institution. This, he noted is a move geared at attracting more funding for projects being undertaken in the country. Baliraine was speaking at a breakfast meeting convened to analyse the budget for the firm’s clients and stakeholders on Monday morning. Exemption of imported animal and poultry feeds additives was also heighted in the new Tanzanian budget which points towards promotion of...

AU targets 30 countries to ratify AfCTA by December

December 20 is the target to have at least 30 African countries to have ratified the African Continental Free Trade Area (AfCTA), members of the Senate heard on Tuesday. Updating the Senators on where Rwanda stands since it ratified the agreement in April, the Minister of Trade and Industry; Vincent Munyeshyaka said that though only 22 countries are required to sign before the agreement comes into force, the target is to have 30. Rwanda is the current chair of the African Union. “The threshold is normally 22 countries but we are targeting 30 by December. We know it’s ambitious but are hoping that by end of the July African Heads of State summit, we will have seen some improvements,” he said. So far, just four countries – Rwanda, Kenya, Ghana and Niger, submitted their instruments of ratification to Treaty to the African Union Secretariat in Addis, Ethiopia. If the 22-country threshold is met, it means the agreement, which intends to make Africa the largest trading bloc in the world, can get into force. Munyeshyaka said that to achieve this, he was lobbying other Ministers of trade but there was also support from the African Union Commission and the AfCFTA both which had their lobbying campaigns. He pointed out that all the concerned institutions were working tirelessly to create a continent that would be viewed as a global competitor on the world market. “To do that, we have to prioritize some things such as the service sector, beating non-tariff barriers and open...

Container shipping a mixed bag: body

Dar es Salaam. South Asia container trade with Europe continues to outpace the Middle East, says Drewry in its Container Insight Weekly report. Container shipments in the combined eastbound Europe to the Middle East and South Asia trade performed well in the first quarter, rising by 5.2 per cent year-on-year according to Container Trade Statistics. However, that aggregate rate hides two very different performances by the two destinations. CTS reports that inbound traffic to South Asia soared by 18 per cent in 1Q18 to reach approximately 410,000 TEUs, whereas Middle East imports declined by 2 per cent to land at about 590,000 TEUs. The same divergent story continued into April as Europe to Middle East traffic was down by 1.6 per cent, versus a 22.3 per cent jump for South Asia imports. There was a much more balanced picture for the westbound trade as exports from the Middle East and South Asia to Europe were much more closely aligned than they were in the opposite direction. Middle East exports rose by 10 per cent in the first quarter to nearly 225,000 TEUs while outbound shipments from South Asia increased by 8.2 per cent to about 525,000 TEUs. After four months of 2018 the momentum is strongest for trade in both directions to/from South Asia as well as with westbound exports from the Middle East. On a rolling 12-month average basis, growth from Europe to South Asia topped 10 per cent after April and 8 per cent in the opposite direction....

Arusha to receive Sh22bn for road

Arusha. Over Sh22 billion is expected to be spent on improving a road in Arusha through phase two of Tanzania Strategic Cities Project (TSCP). Phase two of the project will also involve the improvement of the drainage systems, construction of a solid waste dam in Muriet and containers for the same. Arusha City Council director Athuman Kihamia made the statement recently in a press meeting called by the office of the regional commissioner. Mr Kihamia clarified that the project would be implemented in one year and three months under government and World Bank funding . Kihamia clarified further that phase two of the project for the 2017/18 financial year will involve the improvement of roads from Oljoro-Muriet, Njiro, Krokon, Ngarenaro, Sombetini, including Ngarenaro Primary School grounds. He named the project’s consultant engineer and supervisor as UWP Consult(T) Ltd and the contractor as Sinohydro Corporation Ltd, whereby a total of over Sh254 million would be spent as compensation in the project. However, Kihamia revealed that the main challenge in the project had been to remove debris from roads that were being renovated, explaining that in phase one they spent over Sh47 billion to construct roads measuring 22.09km in length, construction of Muriet dump and the installation of traffic lights at the junction of Friends Corner and Col Middleton-Esso roads. For his part, Arusha regional commissioner Mrisho Gambo lauded the move, saying despite being under the opposition, the government had been disbursing funds for various development projects without any descrimination. Some government...

Horn of Africa summit to discuss cross-border trade, security

Trade ministers from the Intergovernmental Authority on Development (Igad) member states will on Thursday meet in Mombasa to discuss how to improve cross border trade. The ministers are expected to consider the adoption of a regional policy framework to solve cross-border security challenges. The meeting will be held at the Serena Beach Resort & Spa. It will be presided over by Kenya’s Industry, Trade and Cooperatives minister Adan Mohamed, Igad Executive Secretary Mahboub Maalim and senior representatives from the African Union Commission. The Igad members are Kenya, Ethiopia, South Sudan, Sudan, Djibouti, Uganda, Somalia and Eritrea. Formed in 1986 initially to tackle effects of drought, the bloc grew both in size and mandate to be a forum for discussing other development issues such as cross-border trade, energy, transportation and migration. Source: The East African

Educate people about EAC

Many East Africans are largely ignorant of the East African Community (EAC) programmes and opportunities. The EAC secretary general, Ambassador Liberat Mfumukeko, admitted on Saturday that the six-nation bloc has not done enough to make people aware of its affairs. This calls for an aggressive approach to raise awareness if East Africans are to effectively tap into the opportunities it offers. There is so much to benefit from regional integration, but little is being done to prepare citizens. Poor feedback from the EA Legislative Assembly (Eala) members is seemingly the cause of the unawareness. The EAC has registered increased intra-regional trade – and we believe we can do better. Eala members should not relax; they have an obligation to raise awareness and enable the public to harness the integration opportunities. With a population of 170 million, the EAC has a huge potential for growth considering its abundance of resources and trade opportunities. It is high time our legislators acted proactively to inform the public on EAC activities. By the time $450 million infrastructure projects are completed, it is our expectation that majority of the East Africans will be involved in various intra-regional economic activities. Source: The Citizen

Promote science, tech for development, EAC urged

Kigali. Technology promotion and development can accelerate economic growth in East Africa if appropriately applied. Major beneficiaries will include the industrial and entrepreneurship sectors and assure employment to thousands of jobless youth. “Application of science, technology and innovation (STI) will also support other key sectors like agriculture and energy,” affirmed Dr Saidi Kibeya, the deputy executive secretary of the East African Science and Technology Commission (Easteco). He told visiting journalists from across the region that the institution, operationalised only three years ago, was geared to carry on its mandate with support from the partner states. “In so doing we are set to identify potential regional centres of excellence and create a network of industrial research and development institutions,” he said. The Kigali-based institution of the East African Community (EAC) will soon start to develop a protocol on intellectual property rights (IPR) for the region. Dr Kibeya, however, appealed for increased budget to enable the institution acquired adequate office space to cater for its expanding needs as well as enable it recruit more staff members. For the coming 2018/2019 financial year budget unveiled recently, Easteco has been allocated $ 1.6 million for its expenditure, trailing seven of the nine other EAC institutions. Speaking during the visit, EAC secretary general Liberat Mfumukeko said STI can transform the largely agro-based economies of the region into a competitive industrial zone. He said it was worrying that the region was consuming goods that were manufactured elsewhere “and by so doing exporting jobs that would ordinarily...