Business & Economy4 stories from 2 sources
Kenya and Uganda have signed eight new MoUs, adding to 17 existing agreements to enhance bilateral cooperation across key sectors. However, this progress is overshadowed by new trade challenges within the East African Community. Kenya plans to hold talks with Tanzania in early August regarding "discriminatory" tax measures and trade restrictions. These measures include Tanzania's controversial ban on non-citizens operating small-scale businesses in 15 sectors, a move that has drawn strong criticism from neighboring Kenya and raised concerns about violations of EAC free movement agreements. During the signing ceremony in Nairobi, Presidents Ruto and Museveni also raised concerns over existing trade restrictions within East Africa.