Last week Afrexim Bank opened its regional offices here in Kampala in an event that I think should have had much more play in the media. The Afrexim Bank has as its stated mission the desire to stimulate trade, primarily within the continent but also improve Africa’s trade with the rest of the world. Worthy goals and we should sit up and take notice. The bank’s coming to Uganda is not by chance. A lot of work was done and supported by President Yoweri Museveni to win it away from neighbouring Kenya. The Ugandan businessman is bound to benefit from the proximity to the bank if we get organized. "Of course the bank will be dealing with big deals, but one can hope their expertise in trade financing and the other products they bring to the table, can trickle down through the financial sector and improve our dealings.... But just to give a perspective of what our businessmen suffer because of the gaps in trade facilitation in our economy. Say I want to import
TO TAX OR NOT TO TAX, THAT IS THE QUESTION?
5 days ago