Browsing: Investing in East Africa

Dr. Mathuki has hit the ground running and having come from being at the helm of the East African Business Council (EABC), a regional business arm of the EAC, he understands the struggles that the common trader faces while doing business within the bloc.  This makes him an ideal leader as he makes decisions based on the experiences he has been encountering when he was on the other side of the table.  

Dr. Mathuki has now vowed to improve trade in the region which currently stands at 15 per cent by removing some of the challenges threatening the stability of regional trade.  According to him, some of the persistent NTBs include restricted market access for goods and un-harmonized charges that continue to frustrate intra-EAC trade. He says that investment by increasing transaction costs and curtailing movement of goods are contributing to the low intra-EAC trade.  “EAC intra-regional trade is under 20 per cent, and it is my mission to ensure that this grows to at least 50 per cent in the next five years,” he said.