Browsing: East Africa Business Council (EABC)

Small businesses

Lack of standards specifications, poor production methods, poor finish, reduced lifespan and sub- standard issues have been cited as factors hindering the export growth of the products manufactured by the Micro Small and Medium-sized Entreprises (MSMEs) in the region.

This was said during the inaugural regional consultative forum on  MSMEs held at East African Business Council Secretariat in Arusha, Tanzania.

MSMEs are the most dynamic and fastest-growing sectors in EAC, contributing to approximately 85 per cent of employment and approximately 25 per cent to the GDP of the EAC Partner States.

This was emphasized by Mr. Richard Muteti, CEO Confederation of Micro and Small Enterprises Organisation East Africa (CMSEOEA).

Also Read: e-Commerce deal to link Kenyan SMEs to markets

“Despite the importance of the MSMEs to the economy, there isn’t a tailor-made policy at EAC level focusing on the promotion of MSMEs,” said the East African Business Council (EABC) Mr …

The regional business lobby group East African Business Council (EABC) is working with the TradeMark (Trade and Markets) East Africa (TMEA) to evaluate if if EAC agreements and practices ease doing business across borders.

The two bodies have kick started Public-Private Dialogue (PPD) with Trade Facilitation Agencies at the One-Stop Borders across the EAC Partner States to determine this.

According to a statement from EABC, the PPDs focus is on the extent to which Partner States are translating the EAC Common Market and Customs Union Protocols into policies that support the actualization of free movement of goods and people.

The first EABC Public-Private Dialogue with Trade Facilitation Agencies at Namanga  One-Stop Border Post on 12th March 2019, brought together officials from Ministries of EAC Affairs, Immigration, bureaus of standards, plant and animal health, sanitary and phytosanitary (SPS), Revenue Authority, Police, cross border traders, transporters, exporters, importers, business leaders and …

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.” …

Knowledge and competence are important to tap the potential of the East African and wider African market regional business lobby group has said.

The East African Business Council (EABC) and the EAC Secretariat With support from German Development Cooperation under “Creating Perspectives: Business for Development, East Africa”  EABC improved skills of managers engaged in the manufacturing sector from the six East African Partner States on Export Preparedness and Management.

Working with selected 74 growth-oriented small and medium enterprises (SMEs) in East Africa the pilot project aims to improve their economic perspectives by increasing productivity, competitiveness, and innovation.

Speaking at the award ceremony today, Hon. Peter Mathuki said that SMEs are the backbone of the economy not only in East Africa but also in Germany where 80 per cent of employment is attached to SMEs.

EABC is establishing a desk to help with cross border trade challenges

“EABC has repositioned to …

The apex body for East Africa’s businesses, East African Business Council has urged regional CEOs to opportunities arising from the EAC regional integration process.

This takes place even as the council in collaboration with TradeMark East Africa (TMEA) launched the regional programme on Public-Private Sector Dialogue (PPD) for Trade and Investment from 2019 to 2023.

According to EABC Chief Executive Mr Peter Mathuki said “The project aims to enhance advocacy and dialogue on transport and logistics, trade facilitation, customs & tax, standards, and NTBs at regional and country level. In addition, the programme extends beyond the EAC and incorporates the COMESA, COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) and  Africa Continental Free Trade Area (AfCFTA).”

“Public-Private Dialogue can facilitate the trade & investment climate reforms by promoting better diagnosis of investment climate problems, transparency and inclusive design of policy reforms making policies easier to implement. TMEA launched this new partnership with …