East African Business Council
  • Menu Canvas
    • HOME
    • ABOUT
      • WHO WE ARE
      • OUR TEAM
        • BOARD MEMBERS
        • MANAGEMENT
      • ORGANISATION STRUCTURE
      • PUBLIC PRIVATE DIALOGUE
      • SECTORIAL DESKS
      • OUR PARTNERS
    • MEDIA
      • NEWSROOM
      • EVENTS
      • PRESS RELEASE
      • PHOTO GALLERY
    • MEMBERSHIP
      • CATEGORIES
      • BENEFITS
      • JOIN US
      • OUR MEMBERS
        • ELITE MEMBERS
        • OTHER MEMBERS
    • RESOURCES
      • POLICY ADVOCACY
      • PUBLICATIONS
      • REPORTS
      • WEBINARS
      • DOWNLOADS
    • OPPORTUNITIES
      • VACANCIES
      • TENDERS
    • CONTACT US
    • COVID19
    • SEARCH
  • COVID-19COVID - 19
  •  |  Submit Policy Issues
  • director@eabc-online.com
  • +255 27 2520163
  • Burundi
  • DRC
  • Kenya
  • Rwanda
  • South Sudan
  • Tanzania
  • Uganda
 
East African Business Council
  • HOME
  • ABOUT
    • WHO WE ARE
    • OUR TEAM
      • BOARD MEMBERS
      • MANAGEMENT
    • ORGANISATION STRUCTURE
    • PUBLIC PRIVATE DIALOGUE
    • SECTORIAL DESKS
    • OUR PARTNERS
  • MEDIA
    • NEWSROOM
    • EVENTS
    • PRESS RELEASE
    • PHOTO GALLERY
  • MEMBERSHIP
    • CATEGORIES
    • BENEFITS
    • JOIN US
    • OUR MEMBERS
      • ELITE MEMBERS
      • OTHER MEMBERS
  • RESOURCES
    • POLICY ADVOCACY
    • PUBLICATIONS
    • REPORTS
    • WEBINARS
    • DOWNLOADS
  • OPPORTUNITIES
    • VACANCIES
    • TENDERS
  • CONTACT US
  • COVID19
  • SEARCH

EABC Calls for Deeper Collaboration between the Public and Private Sector amid Global Economic Disruptions

EABC
September 3, 2020
COVID-19, Highlights, News

Thursday, 3rd September 2020, Arusha, Tanzania: Private enterprises in Arusha, Tanzania, are calling for deeper collaborations between the public and private sector as a strategy to boost intra-EAC trade and investment in the region.

This follows a consultative CEOs roundtable meeting organized today by the East African Business Council (EABC) in collaboration with GIZ Creating Perspectives Project, convening company Chief Executives in Arusha, with aim of deliberating on approaches that the private sector can explore to revamp their businesses amid the pandemic.

The business leaders have lauded the Tanzanian government for its commitment towards sustainable economic growth, following the attainment of the middle-income status from the World Bank, this year.

The leaders also noted that the decision to keep the economy open, offered the private sector a major relief in terms of business resilience as it also strengthened local supply chains.  This happens in the background of a recent report by the African Development Bank (AfDB), indicating that Tanzania’s economy is estimated to grow at 5.5% in 2020, recording the highest growth in the region.

During the meeting, EABC CEO, Dr. Peter Mathuki called upon businesses to repurpose their business models to tap into the new emerging opportunities such as e-commerce, digital technology and biotechnology.

“Innovation, value addition, embracing our local content and tapping into our regional supply value chains are some of the imperative solutions that will drive us towards economic growth,” he said.

Dr Mathuki noted that, as Tanzania shares its borders with eight countries in the region, the move to keep the borders open have sustained intra-regional trade and replenished the region’s food basket.

“EAC economies are interdependent and the move to have borders open have seen the supply of staple food and basic necessities across the region maintained,” he said.

The East African Legislative Assembly (EALA) Speaker, Rt. Hon. Martin Ngoga, challenged the business community to form a stronger unified front and defend their business interests in one collective voice through the EABC.

“The security of the EAC community should not just be entrusted to the goodwill of individuals but should be pegged strongly on the law and structures of the community. It’s time for the business community to challenge policies put in place and even petition the EAC Parliament to promptly resolve some of the bottlenecks you are facing,” Rt. Hon. Ngoga said.

According to the World Bank, the pandemic is set to cost East Africa partner states between $37 billion to $79 billion in output losses.

The business leaders are appealing to the EAC Governments to embrace regional integration to enable businesses to tap into the EAC Common market of over 177 million people and the regional supply chains.

EABC Presentation on Business Rebound & Emerging OpportunitiesDownload
Report – Arusha -CEOs Round Table held on 3rd-Sept 2020Download

Dr. Peter Mathuki, Executive Director /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 
Email:  admin@eabc-online.com I Website: eabc.info
EABC – The Voice of the Private Sector in East Africa

Notes to Editors: –

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. EABC vision is a borderless East Africa for business and investment. The primary mission is to promote sustainable private sector driven in the EAC.

About GIZ -Creating Perspectives: Business for Development, East Africa project is a joint initiative by Federation of German Industry BDI; the Federal German Ministry for Cooperation and Development (BMZ); the East African Business Council (EABC) and the EAC Secretariat. Working with selected 74 growth-oriented small and medium enterprises (SMEs) in East Africa the pilot project aims to improve their economic perspectives by increasing productivity, competitiveness, and innovation.

Previous Story
CONSULTANCY TO CONDUCT A STUDY ON OPEN SKIES FOR CARGO MOVEMENT ACROSS THE EAC REGION
Next Story
CONSULTANCY TO UNDERTAKE A POST-COVID-19 RECOVERY STRATEGY FOR EAC BUSINESSES.

EABC ON TWITTER

Tweets by EABCjumuiya

EABC YOUTUBE CHANEL



MOST POPULAR

  • 35% MAXIMUM COMMON EXTERNAL TARIFF RATE SET TO BOOST INTRA-EAC TRADE BY USD 18.9 MILLION
  • EAC PRIVATE SECTOR EXPECTATIONS FOR THE UPCOMING HEADS OF STATE SUMMIT
  • EABC CONGRATULATES THE PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA, HER EXCELLENCY SAMIA SULUHU HASSAN
  • East African Community set to support tourism sector through the EAC Tourism Recovery Plan
  • INTRA-EAC TRADE DROP BY 5.5% IN 2020 DUE TO COVID-19

UPCOMING EVENTS

  1. Private Sector Sensitization Workshop on AfCFTA -Uganda

    March 21 @ 8:00 am - March 22 @ 5:00 pm UTC+3

View All Events

REPORTS

  • EABC VICE CHAIRMAN PRESENTS PRIVATE SECTOR CONTINENTAL PRIORITIES TO AFCFTA SECRETARY GENERAL, H.E WAMKELE MENE
  • EABC APPLAUDS PRESIDENT SAMIA SULUHU HASSAN FOR DONATING AND HANDING OVER LAND TO EAST AFRICAN BUSINESS COUNCIL
  • 2ND AFRICAN BUSINESS WOMEN AND YOUTH TRADE FAIR AND SUMMIT KICKS OFF IN ARUSHA
  • AfCFTA TO BOOST INCOME FOR EAST AFRICANS

CONTACT INFO

  •   East African Business Council
          Ninth Floor, Mafao House
          Old Moshi Road.
          P.O. BOX 2617
          Arusha ,Tanzania

  •   director@eabc-online.com or       admin@eabc-online.com

  •   +255 27 2520162 or
           +255 27 2520163

QUICK GUIDE

  • Studying in the EAC
  • Working in the EAC
  • Investing in the EAC
  • Travelling within East Africa
  • EAC Reports Database
  • Overview of the EAC
  • Key Documents

USEFUL LINKS

  • Federal Chamber of Commerce & Industry, Burundi (CFCIB)
  • Kenya Private Sector Alliance (KEPSA)
  • Private Sector Federation Rwanda (PSF)
  • Private Sector Foundation Uganda (PSFU)
  • South Sudan Chamber of Commerce, Industry & Agriculture (SSCCIA)
  • Tanzania Private Sector Foundation (TPSF)

EXCHANGE RATE

CurrencyRate

LET'S CONNECT

  • Contacts
  • Privacy Policy
  • Cookies Policy
  • Send Us Feedback


East African Business Council ©2023. All Rights Reserved
en English
en Englishfr Frenchsw Swahili
Search

WhatsApp us