Uganda is about to host the East Africa Enterprise Council (EABC) Summit from August 31 to September 1, 2023, at Speke Resort Munyonyo in Kampala. The revelation was made throughout a press convention held on the Ministry of East Africa Neighborhood Affairs in Kampala by the EABC Chief Government Officer, John Kaliisa on Tuesday, who was accompanied by the state Minister for East Africa Neighborhood Affairs, James Magode Ikuya and the EAC enterprise Neighborhood amongst others.
“Over 500 individuals are anticipated to attend the Summit drawn from the EAC block and all the African Continent to debate numerous commerce alternatives and challenges dealing with the personal sector”, stated Kaliisa. He stated among the many challenges to be addressed on the summit embrace non- tariff commerce boundaries nonetheless current amongst EAC member states and harmonization of the tax regimes amongst others.
He stated COVID 19 Pandemic impacted on regional commerce, the place EAC misplaced 13 p.c of income from cross border commerce, however stated the issue is being addressed by means of three way partnership partineships of the EAC member states.
“Over 257 non- tariff boundaries have been eliminated throughout the EAC block however extra is required to deal with the remaining”, he added.
Minister Ikuya stated Uganda stands to learn from the EABC summit as Ugandan enterprise folks can have an opportunity to community with delegates from throughout the EAC bloc and all the continent. He stated Uganda has plentiful Agriculture and livestock merchandise to promote throughout the EAC block and past.
“At present Uganda is venturing into exporting milk to West African International locations; comparable to Ghana and Nigeria”, he stated.
Agaba Moses, the CEO of FPRO enterprise firm and one of many organizers highlighted a number of the challenges to incorporate; political variations, riots and insecurity amongst a number of EAC member states, which must be addressed.
The end result of the Summit resolutions might be communicated to the EAC Heads of States Summit, based on organizers of the summit.
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