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Tanzania, Uganda agree to remove non-tariff barriers to ease trade
Uganda and Kenya agree to remove non-tariff barriers between the two countries and ease trade. The Memorandum of Understanding was signed during the meeting between Uganda and the Republic of Tanzania in Kampala. The Foreign Affairs Minister also commended the efforts to deepen the existing cooperation as the two sides will appoint focal points for all ministries, departments and agencies to coordinate and effectively implement policies.
Read the original article here: https://allafrica.com/stories/202201190728.html
Kenyan nutritious instant meal company targets the mass market
Meet Tei Mukunya Oundo, CEO of NatureLock, a Nairobi-based instant meal company. She founded the company in 2020 that manufactures about 3,000 packets of ndengu stew a day. The company aspires to expand into Uganda and Tanzania by the end of 2022, which have broad similarities to Kenya.
Read the original article here: https://www.howwemadeitinafrica.com/kenyan-nutritious-instant-meal-company-targets-the-mass-market/137815/?mc_cid=407ebecad4&mc_eid=619e4e30ec
Australia’s Lynas posts record revenue on strong demand for rare earths
Australia’s Lynas Rare Earths Ltd posts record second-quarter revenue on demand for metals used in electric vehicles (EVs). Neodymium and praseodymium are widely used to make magnets that power EV motors. The demand for these accelerated due to the global push for reducing carbon emissions and meeting climate action targets.
Read the original article here: https://www.reuters.com/business/australias-lynas-posts-record-q2-revenue-robust-demand-rare-earths-2022-01-18/?utm_source=newsletter&utm_medium=email&utm_campaign=reuters-business&utm_term=Business%20News%20-%202021%20-%20Master%20List
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