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EAC implored on innovative financing options

Published on May 31, 2017

East African Community (EAC) has been implored to conduct a comprehensive study on the innovative financing instruments to be deployed to promote investment in manufacturing including options of creating diaspora investment vehicles.

This is one of the resolutions of the second Manufacturing Business Summit ended in Kigali, Rwanda at the weekend, organized jointly by the EAC Secretariat and East Africa Business Council (EABC).

“The unique role of the EAC Diaspora contribute to skills in the region, amplify and sustain economic development through the volume of remittances as an important source of external development finance,” reads part of the resolutions of the summit. Read more. Source | Daily News