EAC revives capital markets committee to power monetary union push

EAC revives capital markets committee after six-year break Regional regulators push for stronger market integration Committee links capital markets reforms to monetary union goals East African Community (EAC) Partner States are set for closer coordination on capital markets after the bloc reactivated a technical committee that had been dormant for six years, positioning the region…

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Stakeholders inspect the proposed site for the Busia Jumuiya Cross-Border Market as plans for the Sh2 billion facility take shape. PHOTO| courtesy

Busia eyes Sh2bn cross-border market as stakeholders map out design

Busia plans a Sh2 billion market to boost cross-border trade Stakeholders work on the design of the proposed trading facility Plans include smart stalls, cold rooms and solar power infrastructure A vision decades in the making took another step forward this week, as government agencies and development partners spent two days thrashing out the details…

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Principal Secretary for Trade Regina Ombam.- photo courtesy

Kenya backs proposal to extend AGOA to 2028

Kenya backs AGOA extension to 2028 for continued US market access. Tea, coffee, flowers and nuts could benefit from tariff free exports. Government pushes value addition to boost agricultural export earnings. Kenya has welcomed a proposal to extend the African Growth and Opportunity Act (AGOA) to December 2028, saying the move would provide exporters with…

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EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.jpg
EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.

EAC affairs PS urges parliament to amend tax laws to align with EAC partner states

The State Department for East African Community (EAC) Affairs has urged the National Assembly to fast-track amendments to Kenya’s tax laws to align them with regional frameworks, warning that failure to do so could trigger retaliatory trade measures from neighbouring countries. Appearing before the National Assembly’s Departmental Committee on Finance and National Planning, Principal Secretary…

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LVBC Executive Secretary Dr Masinde Bwire in Kisumu.

Lake Victoria commission calls for urgent intervention amid increased pollution

Lake Victoria Basin Commission (LVBC) Executive Secretary Dr. Masinde Bwire has disclosed that pollution in the lake has increased by 50 percent over the last four decades posing a danger to human and aquatic life. Speaking in Kisumu during the 22nd Sectorial Council of Ministers on Lake Victoria Basin (SECOM-LVB), Dr. Bwire said that the…

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