News

COMMUNIQUÉ -2ND EAST AFRICAN BUSINESS AND INVESTMENT SUMMIT


News
06 October 2019 Views: 1717

COMMUNIQUÉ -2ND EAST AFRICAN BUSINESS AND INVESTMENT SUMMIT


News
06 October 2019 Views: 1717

EAST AFRICA PRIVATE SECTOR STEADFAST TO SET PACE OF THE AFCFTA


News
02 October 2019 Views: 2402

EAST AFRICA PRIVATE SECTOR STEADFAST TO SET PACE OF THE AFCFTA


News
02 October 2019 Views: 2402

EABC ENSURES POLICIES WORK ON THE GROUND FOR BUSINESSES


News
26 September 2019 Views: 2064

EABC ENSURES POLICIES WORK ON THE GROUND FOR BUSINESSES


News
26 September 2019 Views: 2064

ICT4Business Brings Together Ugandan Industry and CENIT@EA To Discuss About Digitalisation


News
18 September 2019 Views: 3093

ICT4Business Brings Together Ugandan Industry and CENIT@EA To Discuss About Digitalisation


News
18 September 2019 Views: 3093

EABC MEETS CHAIR OF THE SUMMIT OF EAC HEADS OF STATE


News
16 September 2019 Views: 2354

EABC MEETS CHAIR OF THE SUMMIT OF EAC HEADS OF STATE


News
16 September 2019 Views: 2354

COMMUNIQUÉ

2ND EAST AFRICAN BUSINESS AND INVESTMENT SUMMIT

FOR IMMEDIATE RELEASE

  • EAST AFRICAN BUSINESS AND INVESTMENT SUMMIT & EXHIBITION SLATED FOR 28TH -29TH NOVEMBER 2019 IN ARUSHA, TANZANIA.

 

Arusha, Tanzania 6th October 2019: - The East African Business Council (EABC) in partnership with Tanzania Private Sector Foundation (TPSF) and the East African Community (EAC) is organizing the 2nd edition of East African Business and Investment Summit scheduled to take place on 28th -29th November 2019 in Arusha, Tanzania, preceding the Summit of the EAC Heads of State.

 

This year’s Business Summit is unique as it aims to set the economic agenda and outlook for East Africa, as the region commemorates 20 years of EAC regional integration process in November.

 

The Business Summit is organized under the theme “EAC@20: Private Sector Driven Regional Integration.”

 

The Business Summit sets the pace for the EAC region to chart out a common and shared economic vision in partnership with the private sector. The Business Summit will undertake an audit of achievements, impediments and prospects of the EAC regional integration process in light of the Customs Union, Common Market and Monetary Union Protocols as well as continental & global developments.

 

Over 300 top CEOs, industry champions, women in business, SMEs and investors from the region and beyond will engage in high-level dialogue with the EAC Council of Ministers.

 

The current Chair of the EAC Council of Ministers is expected to be the Chief Guest at the special session - CEOs Round Table with EAC Council of Ministers.

 

Various topical areas affecting trade and investment are expected to be deliberated on, among which are; facilitating and increasing intra-EAC trade & investments, leveraging on the African Continental Free Trade Area, Digitalization, Small & Medium-Sized Enterprises and Industrial Development during the different plenary and break-away sessions.

 

The Resolutions of the Business Summit shall be submitted to the EAC Council of Ministers and Summit of EAC Heads of State in a bid to turn policy into practice to deliver quick wins for the region.

 

A parallel exhibition will be organized to showcase the latest industrial technology, products and services.  

                                                             

 

Registration is open visit: http://eabc-online.com/EABIS/ for more information about the Business Summit.

 

The 2nd East African Business and Investment Summit is co-organized in close collaboration with  the respective EAC Investment Promotion Agencies and EABC National Focal Points namely: Federal Chamber of Commerce and Industries Burundi (CFCIB), Kenya Private Sector Alliance (KEPSA), Rwanda Private Sector Federation (PSF), South Sudan Chambers of Commerce Industries and Agriculture (SSCCIA), Tanzania Private Sector Foundation (TPSF) and Private Sector Foundation Uganda (PSFU).

 

Issued on 6th October 2019 by:

 

Peter Mathuki

CEO/ Executive Director

East African Business Council (EABC)

 

Godfrey Simbeye

Executive Director

Tanzania Private Sector Foundation (TPSF)

 

About East African Business Council (EABC)

The East African Business Council (EABC) is the regional apex body of Private Sector associations and Corporates from the 6 East African Countries. It was established in 1997 to foster the interests of the Private Sector in the Integration process of the East African Community. EABC was granted observer status in organs and activities of the East African Community (EAC) and therefore, participates in various sectoral meetings, meetings of the Coordination Committee, the EAC Council of Ministers, and the Summit of the EAC Heads of State; with a view to ensure that the agenda of the Private Sector is well articulated and received by the policymakers.

 

Vision: Borderless East Africa for business and investment.

 

Mission: To promote sustainable Private Sector-driven growth.

 

EABC Membership is open to all national and regional associations as well as Corporates with interest in the EAC integration process or operations in the region. At the national level, EABC activities are coordinated through the EABC National Focal Points. These are Federal Chamber of Commerce and Industries Burundi (CFCIB), Kenya Private Sector Alliance (KEPSA), Rwanda Private Sector Federation (PSF), Tanzania Private Sector Foundation (TPSF) and Private Sector Foundation Uganda (PSFU).

For more information, visit www.eabc.info.

 

 

 

Arusha, Tanzania 2nd October 2019:- The East African Business Council in partnership with the East African Community and support from USAID  convens together over 38 industry champions and business leaders from the region to discuss on the opportunities of the AfCFTA, Tariffs, Rules of Origin, Trade in Services in Arusha, Tanzania.

 

In his opening remarks, Hon. Peter Mathuki, EABC CEO appreciated HE Paul Kagame President of Rwanda, the Chair Emeritus of the African Union and current Chair of the Summit of EAC Heads of State for championing the 1.2 billion continental market.

 

 “We need more public-private dialogue and involvement of the private sector in the negotiations of the AfCFTA at national, regional and continental levels,” said Hon Mathuki.

He urged the EAC Partner States to eliminate barriers to trade,  improve infrastructure and enhance regional value chains through manufacturing to harness opportunities availed by AfCFTA.

 

“Given that commencement of trading within the AfCFTA is slated for 1st July 2020, the East African Private Sector is steadfast in setting pace of the AfCFTA negotiations. EABC is in close discussing with the African Union and has offered to host the first-ever African Business Council in East Africa,” said Hon. Mathuki.

 

In his remarks, the Chief Guest Hon. Christophe Bazivamo, EAC Deputy Secretary-General for Productive and Social Sectors reiterated EAC’s commitment to work in close partnership with the private sector.

 

“The world is targeting the Africa market, what are we targeting as East Africans?” said Hon. Bazivamo.

 

He further said the EAC has agreed to implement the AfCFTA as one bloc and the Summit of the EAC Heads of State is committed to promoting growth of industries, investments in the region.

 

“Business people should take the lead in exporting made in East African products across the continent,” said Hon. Bazivamo.

 

Hon Bazivamo highlighted that agri-related products compose of appx. 60% share of intra-EAC trade and most industries have close linkages with the agricultural sector hence need to, enhance harmonization of standards, improve competitiveness, facilitate trade and address supply-side constraints in order to seize the opportunities offered by the AfCTFA.

 

On 7th June 2019, Niamey, Niger, the EABC represented the private sector in AfCFTA Business Summit held alongside the launch of the operational phase of the AfCFTA, during the Extraordinary Summit of Heads of State and Government.

 

About East African Business Council

The East African Business Council (EABC) is the regional apex body of Private Sector associations and Corporates from the 6 East African Countries. It was established in 1997 to foster the interests of the Private Sector in the Integration process of the East African Community. Being the representative of Private Sector associations in the region, EABC was granted observer status in organs and activities of the East African Community (EAC). EABC, therefore, participates in various sectoral meetings, meetings of the Coordination Committee, the EAC Council of Ministers, and the Summit of the EAC Heads of State; with a view to ensure that the agenda of the Private Sector is well articulated and received by the policymakers.

 

Vision: Borderless East Africa for business and investment.

 

Mission: To promote sustainable Private Sector-driven growth.

 

EABC Membership is drawn from the six East African Partner States and is open to all national and regional associations as well as Corporates with interest in the EAC Integration process or operations in the region. At the national level, EABC activities are coordinated through the EABC National Focal Points, who are also the national Private Sector umbrella bodies. These are Federal Chamber of Commerce and Industries Burundi (CFCIB), Kenya Private Sector Alliance (KEPSA), Rwanda Private Sector Federation (PSF), Tanzania Private Sector Foundation (TPSF) and Private Sector Foundation Uganda (PSFU).  For more information about EABC, visit www.eabc.info.

For more information, please visit: http://eabc-online.com

Follow EABC on FacebookTwitterLinkedIn and You

 

 

 

 

•    Cross Border Traders urge EAC Partner States to fully implement the Common Market Protocol
•    EABC-TMEA kick off second Public-Private Dialogue (PPD) with Trade Facilitation Agencies at One-Stop Borders in the EAC Partner States.
•    EABC Assesses Trade Facilitation at Busia OSBP

Busia, Uganda, 24th September 2019:- The EABC – TMEA kicked off the second Public-Private Dialogue (PPD) with Trade Facilitation Agencies at Busia One-Stop Border Post,  to interrogate if EAC agreements and practices ease doing business across EAC borders.


“EAC should eliminate NTBs and implement agreed EAC directives to boost intra EAC trade to 50% which is currently low as 12%,” said Hon. Peter Mathuki, EABC CEO during the EABC-TMEA Public-Private Dialogue with Trade Facilitation Agencies at Busia One-Stop Border Post on 23rd September 2019.
The PPDs focus is on the extent to which Partner States are translating the EAC Common Market and Customs Union Protocols into policies that support the actualization of free movement of goods and people.

Hon. Mathuki urged the business community and officials from Trade Facilitation Agencies to embrace the vision of a borderless East Africa for trade. He called for open dialogue aimed at coming up with solutions to barriers to the movement of goods and services at the Busia Border.

“Let’s talk openly one another to facilitate trade, political goodwill is there, so let’s action, if we don’t get it right at the EAC level it will be more challenging at the AfCFTA level,” said Hon. Mathuki.

Harmonization of standards and SPS measures for timber, plants (sugarcane) and live animals are among keys issues hindering growth of trade between Kenya and Uganda trade.

In her remarks, Mrs. Mary Ngechu, EABC Director, said supporting women and SMEs to take advantage of the EAC region integration agenda is key and has been incorporated in EABC initiatives. She urged for creation of awareness on the EAC Simplified Trade Regime for small-scale traders especially women.

In his remarks, Mr. Allan Ngugi reiterated TMEA’s commitment to supporting regional integration and improving the livelihood of East Africans by facilitating trade with a view of removing barriers to trade.

He further reflected that historically, there were no borders, boundaries, and barriers to trade in the EAC. He noted that it is now 15 years of the EAC Customs Union. He echoed  EABC CEO’s statement that the  EAC region should target increasing intra-EAC trade to at least 50%, by eliminating NTBs, barriers to trade and implementation of agreed EAC decisions.

Mr. Stuart Mwesigwa, EABC Director representing EABC Chairman, Mr. Nick Nesbitt officially opened the private-public dialogue with trade facilitation agency at Busia OSBP.

He highlighted the important role of the Bureaus of Standards, Revenue Authorities, Police/ Security Officers to work in partnership with the private sector to facilitate trade across borders. He urged the business people and the government officials to identify the problems and come up with solutions towards elimination NTBs, reduce time and cost of doing business.

Mr. Joseph Etomet Tembo, Ministry of EAC Affairs, reiterated the Republic of Uganda commitment to facilitate trading across EAC borders.

Mr. Wakhungu Juma, Ministry of EAC Affairs, Kenya said the EAC is anchored on private-led initiatives, the private sector is the core stakeholder of EAC.

In his remarks, Mr. Wakhungu said Africa’s share of international trade is around 2%, despite abundant continent. He emphasized on the need to harness these resources, facilitate trade and abolish NTBs for the EAC to play its rightful role as part and parcel of the building block of the AfCFTA.

Mr. Evariste Mwapundu, EAC Secretariat representing the EAC Secretary-General emphasized on the importance of efficiency of agencies to facilitate exports of goods manufactured in the region. He said borders should become irrelevant to enhance regional value chains.
The PPD brought together officials from Ministries of EAC Affairs, Immigration, bureaus of standards, plant and animal health, sanitary and phytosanitary (SPS), Revenue Authority, Police, cross border traders, transporters, exporters, importers, business leaders and women in business under one roof. It was an opportunity for open dialogue to ensure policies work for businesses at the ground level.


During the dialogue, Uganda Revenue Authority enlightened small scale trades about the export levy on fish (appx. 0.02% per Kg of fish). Small-scale traders of fish have insufficient knowledge on the levy hence more vulnerable to harassment, corruption, bribes and excessive charges by unscrupulous customs officers.

Arising recommendations from the forum aimed to facilitate trade include: Kenya Revenue Authority to deploy staff in Uganda beginning 1st October this year as a way of implementing the Single Customs Territory; Long queues of trucks at Uganda Revenue Authority Busitema checkpoint to be addressed through a weigh-in-motion  weighbridge; Joint Border Committees (JBC) to hold regular meetings to address cross-border issues that arise from time to time; Simplified Trade regime for cross border traders dealing in plants and live animals to be explored; Kenya Revenue Authority to install cargo scanners at the Busia OSBP.

The issues and recommendations raised from the dialogue will be incorporated into the agenda of the upcoming Kenya-Uganda bilateral forum.

JOINT RECOMMENDATIONS

  1. Need for adequate warehousing for effective storage of goods at the border to mitigate against predicaments such as system glitches, and extreme weather.

Revenue Authorities called upon the Private  Sector to put up private warehouses in Kenya side.

  1. Need for the Partner States to sign and implement the Niamey Convention on cross-border cooperation in order to facilitate and increase cross-border trade.
  2. Busia OSBP to install Weigh in Motion equipment at the Cargo Scanner and smart gates to ease registration and reduce time.
  3. Need for Joint Border Committees (JBC) to be held regularly to address issues and stop emerging NTBs.
  4. Need for harmonization of taxation laws and policies to eliminate instances of double and high taxation.
  5. Need for harmonization of standards to enable traders’ access both EAC and International Markets.
  6. Need for the EAC Partner States to expedite the implementation of the monetary union protocol to achieve a single currency in order to avoid losses in foreign exchange fluctuations.
  7. Need to implement respective comparative advantage for both countries in instances where there is an oversupply of goods such as maize and sugarcane.
  8. Need for product value addition and establishment of Common Use Facility for SMEs manufacturers.
  9. Need for inclusivity of minority groups such as women in trade-related policymaking and implementation.
  10. Need for the establishment of a Regional Trade Revolving Fund for cross border traders to be established regionally similar to the one established in Kenya.
  1. Cross border traders encouraged to take advantage of EABC /EALS legal clinic at Busia OSBP to be launched on 1st November 2019.
  2. Need for capacity building for cross border traders on regulations and trade procedures.
  • Need to address the information gap amongst Women Cross border Traders on issues such as the Simplified Tax regime (STR), etc.
  • Need for a Simplified Trade Regime with regard to Standards and SPS Measures to facilitate SMEs.
  • Need to address the knowledge gap amongst cross border traders on how to access financing from financial institutions such as microfinance corporations.
  • Need for sensitization on the EAC and National Trade Information Portals to inform small scale traders on procedures and charges.
  • Need for sensitization on traders on Trade facilitation process including Pre-Arrival Clearance of goods.

 

 

EABC MEETS CHAIR OF THE SUMMIT OF EAC HEADS OF STATE

  • EABC engages HE Paul Kagame, President of the Republic of Rwanda and Chair of the Summit of EAC Heads of State
  • Chair of the Summit reiterates Partner States’ commitment to engage more closely with the private sector in the EAC regional integration journey.

Kigali, Rwanda, 16th September 2019:- Led by EABC Chairman Mr. Nicholas Nesbitt, the EABC Board Directors officially met HE Paul Kagame, President of the Republic of Rwanda and Chair of the Summit of EAC Heads of State at the Office of the President in Kigali, Rwanda.

In his remarks, Mr. Nesbitt appreciated HE President Kagame for hosting the EABC delegation and commended the Republic of Rwanda for being ranked 2nd in Africa in the World Bank’s ranking on Ease of Doing Business.

“Such milestones if achieved in other Partners States will make the region more attractive for investments,” said Mr. Nesbitt.

“Intra EAC trade is still low at 12%, compared to the EU at 67%. The private sector desires to partner more with governments to make the region attractive for investments, wealth and employment creation, uplifting East Africans out of poverty,” said Mr. Nesbitt.

“The potential regional market of 200 million consumers can only be accessed if businesses are facilitated and NTBs eliminated,” said Mr. Nesbitt.

He further appreciated His Excellency’s support for private sector becoming an integral player in driving the EAC regional integration agenda and called for other EAC Heads of State to move in tandem to push the integration agenda.

The meeting called for the establishment of a mechanism to implement the agreed Summit directives that have stalled.

The meeting observed the need to review the EAC Customs Management Act to better facilitate trade and address NTBs.

The role of public-private dialogues was emphasized as a critical tool to address issues and restrictions to trading across borders.

Further, the meeting reiterated the urgent need to fast track the actualization of the AfCFTA and the full involvement of the private sector in AfCFTA negotiations.

Among other issues raised was the need to enforce resolutions made to liberalize EAC air space, implement the One Network Area, and quicken the issuance of work permits.

The meeting called upon the Summit to conclude the comprehensive review of the EAC CET.

HE Paul Kagame, President of the Republic of Rwanda and Chair of the Summit of EAC Heads of State recommended for close collaboration among the private sector in the EAC partner states to strengthen their voice to influence the policymakers.

The Chair of the Summit of EAC Heads of State recommended for a formalized mechanism through which the private sector will engage the EAC Council of Ministers.

The Chair of EABC formally invited His Excellency in his capacity as the Chair of EAC Summit to drum support and invite other Heads of State to participate in a regional business summit organized by the EABC scheduled to precede the Heads of State Summit in November 2019.

HE Paul Kagame welcomed the request by the EABC to have a permanent seat during discussions of the EAC Heads of State in recognition of their partnership role in the EAC regional integration as enshrined in the Treaty.

HE Paul Kagame emphasized the importance of political will to drive the integration agenda and deliver benefits to the East African citizens and businesses.

The meeting appreciated the role of development partners, particularly TradeMark East Africa (TMEA) in promoting trade, increasing exports, reducing the cost of doing business and enhancing competitiveness. In addition, the role played by GIZ in their contribution and commitment towards their support to SMEs and  EAC regional integration agenda was appreciated.

 

For more information, please contact:

Hon.Peter Mathuki, Chief Executive Officer

East African Business Council (EABC)

9th Floor Mafao House | Old Moshi Road | Arusha | Tanzania

P.O. Box 2617 | Tel: +255 27 2520162 | +255 27 2520163

Email:  info@eabc-online.com I Website: eabc.info

EABC - The Voice of the Private Sector in East Africa 

 

-END-

About EABC

 

The East African Business Council (EABC) is the regional apex body of Private Sector associations and Corporates from the 6 East African Countries. It was established in 1997 to foster the interests of the Private Sector in the Integration process of the East African Community. Vision: Borderless East Africa for business and investment. Mission: To promote sustainable Private Sector-driven growth. For more information about EABC, visit www.eabc.info.