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

KENYA – TANZANIA BUSINESS FORUM

Homepage Highlights KENYA - TANZANIA BUSINESS FORUM

KENYA – TANZANIA BUSINESS FORUM

EABC
May 6, 2021
Highlights, News

On 6th May 2021,  Mr. Nicholas Nesbitt,  the Chairman of the East African Business Council shared insights on strengthening bilateral and regional trade and investment ties during the Kenya-Tanzania Business Forum  on the occasion of the High-Level Visit by H.E. Samia Suluhu Hassan, President of the United Republic of Tanzania to the Republic of Kenya, 

In his remarks to H.E. President  Uhuru Kenyatta and H.E. President Samia Suluhu, EABC Chairman appreciated their goodwill towards promoting trade, investment and regional integration in East Africa.

He noted that Article 7  of the EAC Treaty, stipulates that the EAC integration is people-centered and market-driven, thus ensuring the sustainability and competitiveness of our regional economies.

He lauded the  Business Forum as an opportunity to strengthen the partnership between the private sector and the Governments of the United Republic of Tanzania and of the Republic of Kenya to further regional integration.
“Despite being the fastest integrating regional bloc in Africa, Intra-EAC trade is declining and currently is less than 20%, far below SADC which is at 47%, and the EU at 68%. We must push up intra-region trade to over 50%,” said Mr. Nesbitt, EABC Chair. 

He appreciated their Excellencies, for appointing Dr. Peter Mutuku Mathuki, a very knowledgeable private sector leader as the EAC Secretary-General and the privates sector is confident that the EAC Seretariat will be stronger.

He further presented the following solutions to boost trade and investment in Kenya and the EAC region at large.

  1. Institute the Trade Resolution Committee and strengthen our ability to resolve disputes. 
  2. Encourage diversification of our value-add sectors and encourage manufacturing rather than importation to enhance the competitiveness of the EAC region. 
  3. Build regional supply chains that cut across borders ex. combine some parts from one country, some from another, all to make an East African product, eg car assembly, safari vehicle modifications, agro-processing. 
  4. Increase our ability to move goods within and across the region by going DIGITAL ex. Amazon, Alibaba, Uber have created enormous wealth and value by moving desired products efficiently from Point of Supply to Point of Use. 
  5. Connect our physical infrastructure and make it easier for our trucks, ships and aircraft to move
  6. Encourage digitization, making it easier and cheaper to communicate digitally across borders while protecting the integrity of the data.
  7. Open Skies: We must also make it easier and much cheaper to fly ourselves and our goods within the region across borders.
  8. Tax regimes harmonization and mutual respect.
  9. Make it easier for our professionals to work across borders and have their credentials be respected.
  10.  An environment that encourages investment by our citizens, the diaspora, and foreign companies.  

“And with AfCFTA coming, Your Excellencies, if we can do all of these things and more, we will finally make it easier to create East African giants that can roll across the continent hiring staff, buying raw materials and selling differentiated products en masse, building MSME and SME’s everywhere,” said Mr.  Nesbitt, EABC Chair.

“We are ready to accompany the new Secretary-General of the EAC, as he travels to visit you, your Excellencies, to share our views and understand from you what we can do together in both countries to grow the private sector, as he charts his tenure in his new role,” EABC Chairman appealed.

“We are ready to work together to de-risk the regional operating environment and make it stronger and more transparent.  We are ready to get going.  Now. Time is not on our side. We are ready,” said Mr.  Nesbitt, EABC Chair.

Previous Story
EAC PARTNER STATES RECORD $4.8 BILLION LOSS IN TOURISM & HOSPITALITY INDUSTRY,2020 DUE TO COVID-19
Next Story
RWANDAN PRIVATE SECTOR OPTIMISTIC OVER NEW EAC SECRETARY GENERAL

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. CEO RoundTable on UN International Day of Zero Waste

    March 29 @ 8:00 am - March 30 @ 5:00 pm UTC+3

View All Events

REPORTS

  • UGANDA READY TO TRADE UNDER AfCFTA GUIDED TRADE INITIATIVE
  • 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

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