Browsing: EABC Chairperson Mr Nicholas Nesbitt

Intra-East African Community (EAC) trade is still low at 12 per cent, compared to the European Uion which stands at 67 per cent.

This is according to the East African Business Council (EABC) Chairman Mr Nicholas Nesbitt who also commended Rwanda for being ranked 2nd in Africa in the World Bank’s ranking on Ease of Doing Business.

Such milestones if achieved in other Partners States will make the region more attractive for investments,” said Mr Nesbitt.

“The private sector desires to partner more with governments to make the region attractive for investments, wealth and employment creation, uplifting East Africans out of poverty,” he added.

The Chairman was speaking during an EABC Board Directors meeting with Rwanda’s President Paul Kagame, in Kigali, Rwanda.

Eliminating Non-tariff barriers 

According to the chairman, the potential regional market of 200 million consumers can only be accessed if businesses are facilitated and NTBs eliminated.

He …

The East African Business Council has re-elected Mr Nicholas Nesbitt as Chairman, during the 20th EABC Annual General Meeting (AGM) in Nairobi, Kenya.

The AGM also elected Amb. Denis Karera, Mr.Jim Kabeho and Eng. Salum Shamte as Vice-Chairs and Members of the EABC Executive Committee who will strategically guide EABC’s mission to promote sustainable Private Sector driven growth.

Speaking during the opening ceremony, Kenya’s Cabinet Secretary, Ministry of EAC Affairs and Regional Development Hon. Adan Mohamed said that EABC should take lead in reviewing the EAC Common External Tariff (CET) and come up with a CET structure that is beneficial to the East African private sector and make the region more competitive.

“African’s unity, future strength and power lie in the larger market. Public-private dialogue is important to fast track targeted policy reforms to improve the business environment and reposition the EAC bloc to seize benefits availed by the AfCFTA.” …