The Export Processing Zone Authority (EPZA) through Special Economic Zones (SEZ) and Export Processing Zones (EPZ) last week revealed that it now has the capacity to attract some $200 million annually.
Cumulative investment value to date has now reached $1.3 billion (Tsh.2.8 trillion) since its inception in 2008.
This was said last week by EPZA Director General Col. (retired) Joseph Simbakalia at the CEO Round Table Tanzania (CEOrt) meeting adding that the 140 EPZA members registered have reaped total earnings in forex to the tune of $ 1.2 billion (Tsh.2.6 trillion) in the period under review. Read more. Source: East Africa Business Week.
The Hub supports businesses across eastern Africa, Mauritius and Madagascar to access the U.S. market through the African Growth and Opportunity Act (AGOA). To this end, we provide access to our AGOA experts on our website and now via Facebook. Potential exporters can ask questions, get expert answers, connect with and share experiences with other AGOA exporters.
Here are a few of the recent questions that have been asked:Read more
The AGOA Exporter Directory lists export-ready firms we have worked with and that have products that qualify for export under AGOA in the countries we operate in.
On January 21, the Hub partnered with the American Chamber of Commerce to conduct an AGOA workshop for 30 small and medium-sized enterprises (SMEs). In total, nearly 80 individuals from the Malagasy private and public sector participated, including the Malagasy Minister of Commerce and Consumer Affairs and the AGOA Presidential Advisor. The private sector was represented by the 30 SMEs, financiers, and logistical managers. Journalists from every major Malagasy media outlet reported on the event.
From January 12 – 15, the Hub participated in the Heimtextil trade show in Frankfurt, Germany. Four Ethiopian textile companies exhibited, Bahir Dar, MNS, Almeda Textiles and Kombolcha. An Italian buyer has already been in touch with the Hub with a request for samples from the Ethiopian companies.
East Africa Trade and Investment Hub Gender Strategy. The East African Community (EAC) was created to promote cooperation between member states in order to drive regional economic competitiveness, value added production, trade and investments.Women are present in the region’s trade and export space but there is still a gendered structure to the economy. Men dominate most high-growth sectors and women are missing from the higher end of value chains. Where women are present in high numbers it is often as laborers or unskilled workers and not in management or ownership positions. Where women-led firms are present, they often have difficulty growing beyond the SME level, hindering their ability to succeed in export markets and act as catalysts for drawing investment to the region. Lower access to resources in comparison to their male peers impacts women at all levels and sectors. Constraints around access to information, finances, and inputs are compounded with lower capacity and higher time demands associated with social expectations that women carry the majority of home care responsibilities.
On November 30, the Hub hosted a delegation of investors from Korea, led by the Korea Federation of Textile Industries (KFTI), at its offices in Nairobi, Kenya. This was the Korean delegation’s first trip to Africa. The group was on a fact finding mission to look for investment opportunities in Kenya, Uganda and Ethiopia. On the same day, KFTI signed a Memorandum of Understanding with Hub grantee Africa Cotton and Textiles Federation (ACTIF) to promote such investments.
Left: The Korean investor delegation at the Hub.
Right: ACTIF and KFTI sign an MoU to promote investment in textiles.
The Hub's trade advisor J.C. Mazingue recently commented on the renewal of the African Growth and Opportunity Act (AGOA) in an article on Apparel magazine's webstie:
A key operator called the East Africa Trade and Investment Hub (EATIH), a trade promotion agency based in Nairobi, Kenya, and funded by the U.S. government, has applauded AGOA's extension. J.C. Mazingue, trade advisor for Africa and a contractor for USAID, said that AGOA would give African exporters duty-free access to 8,000 products, including almost all textile and apparel products.