In a recent publication by AU-Startups, Zest Logistics was recognized as one of the “12 East-African Logistics Startups Streamlining Supply Chains.” This accolade celebrates the company’s remarkable journey since its inception in 2007 and highlights its dedication to reshaping the logistics landscape in Kigali, Rwanda, and across East Africa. Year Founded: 2007 Zest Logistics: Pioneers...
During the presentation of the budget for the fiscal year 2023-2024 on Thursday, June 15, the Minister of Finance and Economic Planning, Uzziel Ndagijimana, announced the government’s decision to increase customs duty on imported construction materials by 10% to support local production. The materials affected by the new policy include metal tubes, doors, windows, and...
Kenyan President William Ruto has declared that Value Added Tax (VAT) on exported services will be removed starting July 1, 2023, as part of efforts to increase Kenya’s attractiveness as an investment destination. The VAT on exported services was introduced through Finance Act 2022, which reclassified exported services (except Business Process Outsourcing) from exempt to...
The African Continental Free Trade Area (AfCFTA) Secretariat and the African Export-Import Bank (Afreximbank) have signed a Host Country Agreement with the Republic of Rwanda for the AfCFTA Adjustment Fund. The $10 billion fund will be headquartered in Kigali, Rwanda. It will help countries to implement agreed protocols while supporting African firms to retool for...
The World Customs Organization (WCO) has released a Guide for Rules of Origin under the African Continental Free Trade Area (AfCFTA) agreement. The AfCFTA agreement aims to create a single market for goods and services across Africa by allowing the free movement of business persons and investments, which will ultimately lead to the creation of...
