Vol ix issue xvii

Page 1

n DIGEST

NOW FLYING TO THE MAGNIFICENT SIGHTS OF BRAZIL

He didnt stick to the budget

n NEWS

SINGAPORE SINGAPORE

SINGAPORE SINGAPORE

Are EAC leaders committed? Singapore wants you to come and enjoy Three times weekly to Rio & Sao Paulo

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Bright light,shopping,business e.t.c andby now, G ardens the B aya great way to get there...on Ethiopian’s Singapore wants you to come and enjoy thrice weekly flights to its 8th Bright lights, shopping , business, food destination in the far sightseeing east. , trade , great

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and now, a great way to get there ...on Ethiopian’s thrice weekly th

flights to its 8 destination in the far east. www.ethiopianairlines.com

www.ethiopianairlines.com

E AST

The Merlion Statue

The Merlion Statue

Singapore wants you to come and enjoy

Singapore wants you to come and enjoy

Bright light,shopping,business e.t.c and now, a Bright lights, , business, sightseeing , trade , great food great wayshopping to get there...on Ethiopian’s and now, a great way to get there on Ethiopian’s thrice weekly thrice weekly flights to its 8th flights to its 8th destination in the far east. destination in the far east. www.ethiopianairlines.com www.ethiopianairlines.com

www.ethiopianairlines.com

www.busiweek.com

A F R I C A N Gardens by the Bay

UNVEILING OPPORTUNITIES

VOL. 9, ISSUE 17 DECEMBER 2 - 8, 2013

KSH40; TZSH1,000; USH1,500; RWF600; BIF 1,500; 5BIRR,SS£ 2.5

EAC trade hits $40 billion nKAMPALA, Uganda – The East African Community recorded over $5.5 billion in trade as at the close of last year. Efforts towards harmonizing the East African Community (EAC) quality standards are in top gear. It is believed that the marmonized stan-

dards will heavily contribute to enhanced trade within the region while at the same time taming the counterfeit and sub-standard good menace. According to Kenyan authorities, the regional countries have already developed 1,300 harmonised standards, an exercise

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create 3.2 million jobs BY AGNES BATETA

Uganda’s Minister for Water and Environment, Prof. Ephraim Kamuntu (2nd L) hands a document to Dr. Silver Mugisha (2nd R), the Managing Director of National Water and Sewerage Corporation (NWSC) during the launch of their five-year strategic direction which will cover all urban and peri-urban centers of the country. STORY ON PAGE 3. Photo By Baz Waiswa

Kenya launch $14b rail project nNAIROBI, Kenya--The construction of the Standard Gauge Railway that will link South Sudan, Kenya, Uganda and through to Rwanda has started. The billion dollar project was kicked off by Kenya’s President Uhuru Kenya at the coastal city of Mombasa in what will drastically reduce transport costs and boost business within the region. Kenyatta said the new railway line that will replace the age-old KenyaUganda railway is expected to cost over $14 billion and is expected to be complete by December 2018. “The construction of this project

standards will be ratified by June 2014. “We have started by developing standards of goods that are most traded in the region. EAC is an agriculture-led market, and so we have started with standards for agriculture products,” said Gichahi. TO PAGE 2

NWSC launch 5-year work plan Rwanda to

Ethiopia, China, sign $1.6b 4G deal nADDIS ABABA, Ethiopia--Ethiopia’s state-run telecom firm Ethio Telecom said on Nov. 28 that Chinese telecom equipment maker Huawei Technologies will introduce high-speed 4G network in the capital, Addis Ababa. The roll-out could be taken as another sign of the impressive growth of the telecom industry in some African countries where mobile phone usage is booming and technology is catching up with, and even surpassing, other major economies. Carriers in China, for instance, will only start offering 4G service next month. But it also means the continuation of a less welcome reality: the Ethiopian government’s strict control over the telecom industry and internet freedom in general. Mobile phone penetration in

co-ordinated through their respective committees of national quality control standards bodies. The Managing Director of the Kenya Bureau of Standards Charles Gichahi said members will meet to approve new standards in Arusha, Tanzania where an additional 100

will be a welcome relief to the business community in East Africa. It is indeed our prize for the region at a time when integration efforts are in top gear. The project will accelerate regional economic transformation by reducing transportation costs,” said President Kenyatta. Upon completion, the railway line is expected to reduce the cost of transport in the region by a possible 60 per cent. “This is the reason why we must view the substantial investment in TO PAGE 2

Burundi holds financial fair

nKIGALI, RWANDA - -A one day conference on Growing Small and Medium Entrepreneurs [SMEs] which was aimed at boosting such businesses and therefore pulled many business people across Rwanda and the neighboring countries was last week concluded. This conference which was organised in form of a marketplace where innovative business ideas were displayed to potential investors was officially opened by the Minister of Trade and Industry Francois Kanimba, who addressed people present saying that it was an honor for Rwanda to hold such a conference for the second time in history. Kanimba said that if Rwanda is to meet the set target of creating middle class TO PAGE 2

Mixed views on single EAC visa BY PAUL TENTENA

nBURUNDI –Leaders of banks, financial and microfinance institutions have been urged to adopt proactive policies for growth and promotion of allocations to agriculture and livestock as well as agricultural entrepreneurship. Different stakeholders in the agricultural sector were gathered in Bujumbura from the 25th to the 27th November, 2013 to showcase products and exchange on ways to improve agricultural production for the fight against poverty and malnutrition.

nKAMPALA, Uganda-- Some sections of Uganda tourism sector are opposing the recently signed single tourist visa by arguing that the initiative was politically driven. At a breakfast meeting organized by the Uganda Tourism Board and the East African Tourism Platform in Kampala the sector players noted that the single EAC visa benefits are not clearly stated. Uganda Tourism Association president, Hebert Byaruhanga, asked how the single visa will realistically work.

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BY CLAUDINE NIZIGIYIMANA


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