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Trade

EAC backs Kenya's candidate for World Trade Organization top job

The East African Community (EAC) has endorsed the region’s candidate Amina Mohamed from Kenya for the position of World Trade Organisation Director General. Mohamed is one of 5 candidates for the job and has among other things pledged to advance an open trading system once given...

Tuesday, October 6, 2020 - 10:48am

Expo2020 postponed due to Covid-19

The 2020 Rwanda International Trade Fair, Expo2020, has been postponed to December 11-31 due to Covid-19 pandemic. It was expected to take place from July 21-August 10. The 23rd Trade Fair has been postponed due to the fact that Covid-19 pandemic has disrupted movement of international...

Thursday, June 18, 2020 - 2:32pm

Services trade growth weakens as coronavirus becomes pandemic

Growth in global trade in services slowed in the first quarter of 2020, particularly air travel and container shipping, the World Trade Organisation (WTO) said on Wednesday. The global trade body said its services trade index dropped to 96.8 down from 98.4 that had been recorded in...

Thursday, March 12, 2020 - 1:59pm

Tanzania bridge collapse causes jitters among Rwandan traders

A bridge on the Morogoro-Dodoma highway near Dumila in Tanzania, which collapsed on Monday, March 2 due to heavy rain is likely to cause delays in the transportation of Rwanda’s goods, according to local traders.    The rain-damaged road is the only route for goods coming to...

Wednesday, March 4, 2020 - 1:13pm

Eight countries to showcase products at Rubavu expo

After successfully organizing Made in Rwanda in Kigali, the Private Sector Federation (PSF) in partnership with Rubavu district administration and other partners have organised a 15-day international exhibition that will be held on the shores of Lake Kivu, bringing together exhibitors from at...

Monday, December 9, 2019 - 8:42pm

EAC business community wants transport costs reviewed ahead of Summit

Harmonizing airspace is one of the issues that the East Africa Business Council will discuss during the East African Business and Investment summit slated to take place in Arusha, Tanzania from November 28 to 29. Denis Karera, the Vice Chairman of the Council told members of the press on...

Thursday, November 21, 2019 - 5:25pm

All set for Made in Rwanda 2019 Expo

As part of the upcoming Made in Rwanda Expo, the Private Sector together with the Ministry of Trade and Industry have organised the first ever National Business Forum slated for December 3, which will discuss how increase production of locally made products, improving quality, branding and...

Tuesday, November 19, 2019 - 8:37pm

Rwanda courts UAE investors at global meet

The government and members of the private sector are seeking to increase the involvement of the United Arab Emirates in the Rwandan economy and have gone on a charm offensive at the ongoing 2019 Global Business Forum Africa. At the summit underway in Dubai, Rwanda is represented by a delegation...

Tuesday, November 19, 2019 - 3:56pm

China to impose additional tariffs on U.S. products worth 60 billion USD

China announced on Tuesday it will impose additional tariffs on U.S. products worth 60 billion U.S. dollars starting from Sept. 24 in response to the newly announced U.S. tariffs on Chinese goods. The Customs Tariff Commission of the State Council unveiled lists of 3,571 items of U.S. products to...

Wednesday, September 19, 2018 - 9:01pm

South Sudan hopes peace will boost foreign trade

A recently signed peace deal provides opportunities for war-torn South Sudan to attract more trading partners and boost its presence in the global trade arena, a senior official government official said on Monday. Stephen Doctor Matatia, director general of External Trade in the Ministry of Trade...

Wednesday, September 19, 2018 - 8:59pm

The global trade system could break down

WASHINGTON, DC – Ten years after the failure of Lehman Brothers, we know that multilateral action was crucial in preventing the so-called Great Recession from becoming even worse than it was. Back then, it was the global financial system that was tottering. Today, it is the global trade...

Wednesday, September 19, 2018 - 12:06am

UK committed to boosting trade ties as Brexit deadline looms – Jo Lomas

The United Kingdom (UK) has committed to boosting its trade relations with Rwanda and other African countries as the deadline for Brexit looms, Jo Lomas, the UK High Commissioner to Rwanda has said. Lomas was addressing the media in Kigali on UK’s plans about its relationship with Africa...

Saturday, September 8, 2018 - 12:44am

Indian Government approves trade cooperation framework with Rwanda

The Indian government on Wednesday approved a trade cooperation framework between the Asian nation and Rwanda to facilitate better economic relations between the two countries. The framework was signed on July 23 this year during Prime Minister Narendra Modi’s visit to Rwanda. “The...

Friday, August 31, 2018 - 8:34am

Rwanda exports rise as trade deficit narrows

Rwanda’s exports accelerated in the first half of this year, driven by Government’s efforts to support the Made-in-Rwanda agenda as well as good performance of non-traditional exports, helping to bridge the country’s trade deficit. National Bank of Rwanda statistics, which were...

Friday, August 31, 2018 - 8:26am

WTO chief calls for action to safeguard global trade order

Global trade is under threat and whether or not the current situation is a trade war, the first shots have been fired and this calls for action, Director General of the World Trade Organization (WTO) Roberto Azevedo has said. WTO data showed a marked escalation of trade restrictive measures over...

Thursday, August 30, 2018 - 9:39am

Bralirwa registers Rwf 2.1bn profit in first half of 2018

Leading brewer, Bralirwa Plc has registered a profit of Rwf2.1b in the first half of 2018.   The profits stem from revenues of Rwf45.4b in the first half of 2018 which is a 9.7 per cent improvement compared to Rwf 41.3b from the first half of 2017, it said in a statement.   The firm,...

Monday, August 13, 2018 - 10:40pm

Trade war threatens reign of luxury stocks

An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales...

Saturday, August 11, 2018 - 1:22am

The need for a global patent market

NEW YORK – If developed and developing countries’ national patent systems were integrated into the trade system, the result would be greater specialization among inventors and, with it, faster technological innovation and productivity growth. Yet under current arrangements, World Trade...

Monday, August 6, 2018 - 10:50pm

COMESA to set up team on digital free trade area

The Common Market for Eastern and Southern Africa (Comesa) plans to set up a team to oversee the implementation of the Digital Free Trade Area (DFTA). The DFTA is an online platform for trade facilitation comprising three segments, namely electronic trade (e-trade,) e-logistics, and e-legislation...

Friday, July 27, 2018 - 10:41pm

Four things you should know about Expo 2018

The 21st Rwanda International Trade Fair (RITF), commonly known as Expo, is slated to open today at the Gikondo Expo Ground in Kigali. Stephen Ruzibiza, the chief executive of Private Sector Federation (PSF), said there are several new aspects in this year’s edition, including fees...

Thursday, July 26, 2018 - 12:09am

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