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East Africa is still ripe for business, according to the East African Community (EAC) Secretary General Amb. Liberat Mfumukeko.

According to the Mr Mfumukeko, transport, logistics and technicians are some of the key areas that are open for investment in the region.

“One potential area where the EAC is deficient is the provision of critical services for business and investment in areas like transport, logistics and technicians. Both parties need to explore the existing gaps,” he said.

Mr Mfumukeko was speaking during the the inaugural Russia-Africa Economic Summit which is being held in Sochi, Russia from 23rd to 24th October, this year. The Secretary general highlighted the key potential areas of cooperation between Russia and EAC saying that there was need for both parties to examine the trading landscape between themselves and optimise what each party can produce for the others’ market.

“There is need to organise periodic …