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REGIONAL business leaders have outlined priorities to unlock business and investment opportunities to the new East African Community (EAC) Secretary General, Ms Veronica Nduva.
EABC Vice-Chairperson Mr Dennis Karera, representing the EABC Chairperson at the EABC CEOs-EAC Secretary General Round Table held in Arusha, Tanzania, recently, stressed the importance of turning policies into action.
The round table was organised by the East African Business Council (EABC) in collaboration with the East African Community (EAC) and supported by GIZ-EAC.
Mr Karera highlighted the need for the liberalisation of air transport services, mutual recognition of professionals, abolition of work permits, harmonisation of domestic taxes and the elimination of long-standing non-tariff barriers.
These measures, he said, are crucial for businesses to fully benefit from the EAC Customs Union and Common Market of over 300 million people.
The EAC economy is projected to grow by 5.1 per cent in 2024 and 5.7 per cent in 2025.
Acting Executive Director of EABC, Mr Adrian Njau noted that as the voice of the private sector in East Africa, EABC has consistently advocated for policies that unlock barriers and catalyse trade and investment within the region.
