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Improved investment climate attracts more investors-EPZA

Published on February 13, 2019
The Export and Processing Zones Authority (EPZA) said the improved investment climate has upped the number of inquiries and prospective investors coming to explore investment opportunities. EPZA’s Director for Investment Promotion and Facilitation Mr James Maziku said yesterday in Dar es Salaam after hosting a business delegation from Hong Kong showing key interest in agro-processing sector. Read more. Source | Daily News
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Private equity firms in East Africa

Published on February 13, 2019
Fifty three offices established by private equity and venture capital companies in the East African Community (EAC) countries which comprises a cumulative minimum value of at least $5.8 billion USD under management for investments throughout the world including in East Africa.  This is according to “The Map of Private Equity Firms” based in Sub-Saharan Africa by Africa’s leading private company research firm, Asoko Insight from December 2018. Read more. Source | The Exchange
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Improving Early Stage Investor Engagement in East Africa

Published on February 13, 2019
Africa is the youngest continent in the world with almost 200 million people aged 15-24, and this number is expected to double by 2045. However, unemployment among East African youth is already high, at an estimated 51-57%. With a rising youth population and unemployment rate, young people are turning to entrepreneurship as both a means to generating income and jobs. 79 of every 100 jobs created by young entrepreneurs in East Africa have been for youth aged 18-34, however only 17% of entrepreneurs on the continent believe they will create a medium to high number of jobs over the next five years. Read more. Source| The Exchange
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Little-known Kenyan firm buys $180m cashewnuts from Tanzania

Published on February 05, 2019
A little-known Kenyan firm will buy at least 100,000 tonnes of raw cashewnuts for Tsh418 billion ($180 million), Tanzania Trade minister said. The sale deal was signed on Wednesday at the Arusha-based East African Community headquarters between Tanzania's Director of Cereals and Produce Board, Dr Hussein Mansour and Indopower Solutions CEO Mr Brian Mutembei. Read more. Source | East African
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PSF urges regional MPs to back business friendly policies

Published on February 05, 2019
Rwanda’s Private Sector Federation (PSF) has challenged regional legislators to increase their advocacy for policies designated to eliminate trade barriers, which continue to undermine regional integration. Officials from the umbrella of Rwandan business community were yesterday meeting members of the East African Legislative Assembly (EALA) who are undertaking an outreach programme in partner states. Read more. Source | New Times
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Our new models will help regional businesses grow their networks

Published on January 30, 2019
The chief executive of the East African Business Council Peter Mathuki spoke with Patty Magubira on the region’s economic prospects for 2019. With regards to challenges the East Africa Community faced in 2018, he outlined that most of them were  compounded by protectionist approaches that hindered trade within the East African Community. "EAC intra-trade stood at only 20 per cent of the total, compared with 46 per cent in the Southern African Development Community, and 67 per cent in the European Union. We have partly implemented the Common Market Protocol, which helped the EAC become the fastest growing regional economic bloc," he said. Read more. Source | East African
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Traders’ role in integration outlined

Published on January 24, 2019
Private sector’s continuous engagement with governments in the six East African Community (EAC) partner states is vital in boosting intra-regional trade, which currently stands at only 20 percent. The Chief Executive Officer (CEO) of the East African Business Council (EABC), Mr Peter Mathuki made the observation in Dar es Salaam yesterday on the sidelines of a breakfast meeting with heads of the business community in the country. Read more. Source | Daily News
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USAID Hub AGOA video roundoup

Published on October 11, 2018
The USAID Hub creates videos to showcase East African firm capabilities and development outcomes, with a focus on African Growth and Opportunity Act (AGOA) sourcing opportunities. For a roundup of our apparel and coffee sourcing videos, click here.
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