The rapidly transforming agrifood systems have the potential to drive the expansion of youth employment and broadbased economic development in East Africa.
Agriculture is widely perceived by youth as an unappealing, traditional, labour intensive farm activity not as a potentially high-profit business activity. However, according to African Economic Outlook, agriculture sector currently involves a spectrum of new opportunities on and off the farm connected to marketing, processing, packaging and food service, in addition to on-farm production. Read more. Source | Daily News
African business leaders have stressed the need for self-reliance and domestic resource mobilisation on the continent. This, they said, will attract new investments into Africa to boost economic growth and development, as well as job-creation, a statement by the organisers of the just-ended Africa 2017 Forum, indicates. The event was held in the Egyptian resort city of Sharm el Sheikh. Read more. Source | New Times
his year, Africa’s Industrialization Day focused on raising awareness of the importance of African industrial development in implementing a successful Continental Free Trade Area (CFTA), fostering economic growth, and alleviating poverty. A continent-wide endeavor, the CFTA aims to create a single market for goods and services in Africa.
On November 20, I spoke at a high-level conference organized in New York by the United Nations Industrial Development Organization (UNIDO), the Office of the Special Adviser on Africa, and the Permanent Observer Mission of the African Union to the United Nations to discuss how the CFTA and Africa’s industrialization go hand-in-hand for successful African growth. Read more. Source | Brookings
A campaign aimed at raising awareness about challenges faced by women traders in the region has been launched by Trademark East Africa (TMEA), a regional trade facilitation organisation.
The Women and Trade campaign will highlight trade opportunities for women in business in a bid to increase inclusion and equitable access to trade opportunities, the organisation said in a statement. Under the theme, “Empowering women, powering trade”, the campaign will see TMEA engage policy-makers, development partners, business associations and other stakeholders in the region and beyond to create an inclusive and enabling environment for women traders, according to the statement. Read more. Source | New Times
International conference organisers are upbeat following the last week’s announcement of the new visa regime.
Under the new arrangement, travellers from across the world will from January 1, 2018, receive a 30-day visa on arrival at the country’s entry points.
The development comes at a time when countries across the world are closing their borders, with most citing reasons such as insecurity and influx of migrants. However, Rwanda is proceeding with the least taken path in regards to visa policy to increase openness. Read more. Source | New Times
Business leaders attending the 2nd East African Business and Entrepreneurship Conference and Exhibition that is taking place in Dar es Salaam, Tanzania, are devising ways to promote entrepreneurship and attract more foreign and local investments in the region.
Over 300 high-level government and private sector decision-makers from the EAC Partner States as well as business leaders, East African Diaspora and investors from across the region and abroad are attending the conference.
The event, taking place from November 14-16, 2017 and was co-organised by East African Business Council (EABC), Tanzania Investment Centre (TIC), Tanzania Private Sector Foundation (TPSF), and the East African Community (EAC). Read more. Source | New Times
The industrial sector should take advantage of the East African Community (EAC) 150 million people and opportunities created by the regional Common Market Protocol to stimulate demand and competitiveness.
Alphonse Kwizera, the Rwanda Association of Manufacturers (RAM) technical expert, said the success of the EAC industrialisation programme will depend on the manufacturing sector’s ability to leverage the opportunities the bloc and other markets on the continent present them to deepen their reach and become sustainable. Read more. Source | New Times
All ‘One-Stop-Border’ posts (OSBPs) along borders separating the East African countries will be fully operational by next January 2018, An official at the EAC Secretariat confirmed here.
The East African region has identified 15 border posts in Kenya, Rwanda, Uganda, Burundi and Tanzania for conversion from ‘two-stop’ border posts into single premises entity or OSBPs to facilitate movement of people and goods across the region.
An official with the East African Community (EAC) Secretariat confirmed here yesterday that two mapped OSBPs in Longido, Tanzania and Kajiado in Kenya are scheduled for official launch by President John Magufuli. Read more. Source | Daily News
Improving connective infrastructure and removing policy to trade can help drive economic desertification, creation of new jobs and poverty reduction, the East African member states have been advised.
Speaking during a two-day workshop on the integrated corridor development initiative-Lake Tanganyka transport programme, Burundi’s Minister for Transport, Public Works and Equipment, Mr Jean Bosco Ntunzwenimana said improvement of regional transport network will help to boost the regional economy.
“Improvement of transport network in sustainable manner is essential for competitive and improved integration into the region and global market,” he noted. The workshop took place over the weekend in Bujumbura, Burundi. Read more. Source | Daily News
Regional business leaders and experts have called for harmonised Information Communication Technology (ICT) and e-commerce policies, saying this would help fast-track socio-economic development in East Africa.
Lilian Awinja, the East African Business Council (EABC) chief executive, noted that ICT is a key business enabler for sectors like trade, tourism, education and agriculture, finance and transport, among others. She added that many components of the ICT sector are cross-cutting and cross-border, hence the need for a harmonised legal and regulatory framework. The official added that the region must improve its e-commerce systems to boost trade and related services, among others. Read more. Source | New Times