The fund will be used to address various challenges facing the private sector within the EAC while also funding programmes and infrastructure projects within the region.
The East African Community Secretary General Ambassador Richard Sezibera says the fund will be launched on November this year by EAC head of states and thereafter be fully operationalised by 2016.
“The private sector will set those issues that they want prioritised; we want to increase the private sector role within the region,” he stated.
He was addressing journalists on Wednesday after meeting various head of corporates in the country and the region who he said have already adopted the move. Read more. Source | Capital Fm Kenya