Browsing: ast African Business Council (EABC)

Implementation of the Open Skies for cargo in the EAC will increase connectivity, improve consolidation and boost export of fresh products (horticulture & fish) to international markets amid the pandemic, a regional business body has said.

The East African Business Council has urged the East African Community member states to liberate their skies in order to boost business in the region.

According to an analysis of the Aviation sector in East Africa published through a joint partnership of the EABC, InterVistas and with funding from Ukaid, the bloc needs to implement the Yamoussoukro Decision in order to reap the benefits of aviation sector in its fullness.

In 1999, the Yamoussoukro Decision (YD) was adopted out of recognition that the strict regulatory protection that sustains national carriers has detrimental effects on air safety records, while inflating air fares and dampening air traffic growth. The Eastern Africa Community (EAC) has elected to …

 The East African Business Council (EABC) is urging for tax regime harmonization within the East Africa Community (EAC) and improve ease of doing business to lure more investors in the region.

East African countries such as Kenya, Rwanda and Tanzania are ranked in the top 7 by “Where to Invest in Africa” 2019 report of the Rand Merchant Bank (RMB).

Speaking on the second day of the Virtual Conference on Trade & Investment Opportunities in East Africa Beyond COVID-19, EABC CEO, Dr. Peter Mutuku Mathuki urged EAC Partner States to continue creating a favorable business environment in the region.

Also Read: Tanzania: Electronic stamps improving tax collection

“Addressing the cost of doing business such as energy and infrastructure issues and ensuring stable human capital development will entice investors to come to East Africa,” he said.

The conference attracted Investment Promotion Authorities, Senior Government Officials, Industry Champions, Development Partners and Investors …

More than 66 per cent of total employment is Sub-Saharan Africa is from the informal sector, the International Labour Organization (ILO) has revealed, the biggest provider of employment in Africa.

The East African Business Council (EABC) has secured US$ 3.2 million financing from TradeMark East Africa Africa (TMEA) to support trade initiatives mainly addressing barriers in the region.

This will support  implementation of a three year programme,“Integrating Public-Private Sector Dialogue (PPD) for Trade and Investment in East Africa Community (EAC) Programme”.

The partnership will support  EABC’s advocacy efforts of improving coordination, reporting and resolution of  Non- Tariff Barriers along the corridors; harmonization and adoption of East African Standards, Sanitary and phytosanitary (SPS) measures, improve adoption and harmonization of customs and  domestic tax-related policies and trade facilitation in the EAC.

To strengthen and sustain EAC’s trade and investment, it is critical that an enabling environment is in place to guarantee growth and predictability.

Public‐Private Dialogue plays a crucial role in addressing constraints, providing short‐term stimulus with long‐term impact and contribute to economic growth and poverty reduction.

The project will enhance advocacy