East African countries plan to establish a 20 million U.S. dollar fund to help boost the participation of the private sector in the ongoing market integration.
East Africa Community (EAC) Secretary General Richard Sezibera said in Nairobi the Private Sector Fund will be launched by the regional economic bloc's heads of state at their summit in November.
"The Treaty for the Establishment of the EAC states that the integration process will be people-driven with the private sector as the engine of economic growth. The private sector will with the establishment of the fund play an even more important role in the integration as the drivers of economic growth," Sezibera said late Wednesday. Read more. Source | African News