Business leaders in the East Africa Community (EAC) say protectionism and differences between politicians are impeding efforts by companies to invest in the region.
Tanzanian business magnate Ali Mufuruki accused politicians of failing to push policies that promote investment in the region.
“We have never had the discussion on why there isn’t a single billion-dollar company in East Africa. If we have that conversation, people will start to ask whether it is going to be a Tanzanian or a Rwandan company. We need to be honest with each other and ask what we really want from this union,” Mr Mufuruki told the Africa CEO Forum in Kigali. Read more. Source | East African