ARUSHA, Tanzania - The cost of doing business across the East African Community remain high, in spite of the efforts being made by Partner states and with the support of Development Partners. In addition, 24 non-tariff barriers (NTBs) still remain unresolved, the just-ended 16th ordinary EAC Summit was told in Nairobi. “This denies us the opportunity to unlock the immense potential of regional integration and starves businesses of innumerable opportunities,” President Uhuru Kenyatta of Kenya said during the 16th Summit of the regional leaders in Nairobi. He was handing over the Chair of the Summit to President Jakaya Kikwete of Tanzania. “To grow intra-Community trade, we need to implement decisive solutions without delay,” he said. The Kenyan leader said NTBs still complicate businesses in the region. These are also impediments to East Africa’s competitiveness as a global investment destination denying the EAC Bloc unaccountable business and investment opportunities. “NTBs must go. I am glad to note that our Council of Ministers (the policy organ of the Community) has introduced a legal framework aimed at moving this agenda forward,” he said. Kenyatta also acknowledged the high cost of roaming calls across the region, describing it as yet another unnecessary impediment to trade and communication in the bloc. “It is unacceptable that in many instances, calling outside our continent is much cheaper than communicating within our region,” he said. He called for urgent interventions by relevant regulatory authorities on the issue. However he appreciated the One-Area-Network initiated by Rwanda, Uganda and Kenya...
EAC grapples with high business costs
Posted on: March 2, 2015
Posted on: March 2, 2015