Investment Promotion & Private Sector Development

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    14th African union high level private sector forum:
    (African Union Commission, 2023) African Union
    This Information Note provides delegates with information concerning the logistical and organizational arrangements of the 14th African Union High-Level Private Sector Forum. The Forum will be held on 10th-12th July 2023 with in-person attendance.
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    14th African union high level private sector forum:
    (KICC, 2023) African Union
    14th African union high level private sector forum: public-private engagement for inclusive growth and sustainable development while deepening regional and continental trade and investment towards implementation of AfCFTA
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    Draft EAC trade and investment report 2016:
    (EAC Secretariat, 2017) East African Community
    The East African Community (EAC) consists of five countries namely; Burundi, Kenya, Rwanda, Tanzania and Uganda. South Sudan was admitted to the EAC in 2016. The EAC has a population of about 168.2 million with a combined GDP of US$155.2 Billion. As one of the fastest growing regional integration, growth in the EAC was driven by a growing manufacturing sector characterised by industrial development in all the five countries as well as a buoyant services sector especially construction, tourism and financial services. EAC is one of the leading exporters of agricultural commodities including cotton, coffee and fish and discovered significant amounts of extractives resources including oil, gas, high value minerals and abundant renewable energy generation potential.
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    EAC export promotion strategy
    (EAC Secretariat, 2013) East African Community
    The EAC is faced with a number of challenges that are a stumbling block to export promotion. The review of the exports and imports trends shows that the region imports more than it exports to the rest of the world. It’s in these regard coupled with the lapse of the Joint EAC Export and Investment Promotion Strategy (2006-2010) and new Partner States (Rwanda and Burundi) joining the Community in 2007, that EAC Secretariat undertook the development of a new strategy “EAC Export Promotion Strategy 2013 – 2016.”
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    EAC regional trade policy
    (East African Community, 2021) East African Community
    The Treaty establishing the EAC (EAC Treaty, 2000) provides for the Common Market, whose main thrust is articulated in the Customs Union Protocol (CUP) and the Common Market Protocol (CMP) and accompanying regulations and instruments that spell out rules and requirements for EAC cross border trade and investment in goods and services. The latter include; the EAC Customs Management Act, 2004 and Amendment Bill 2015; the EAC Standardisation, Quality assurance, Metrology and Testing Act, 2006; the EAC Elimination of Non-Tariff Barriers Act, 2017; the EAC One Stop Border Posts Act, 2016; the EAC Vehicle Load Control Act, 2013; and the draft EAC Model Investment Treaty, 2016, among others).
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    EAC special economic zone (SEZ) policy
    (East African Community, 2023) East African Community
    EAC Partner States’ commitment to develop a Special Economic Zone (SEZ) Policy is envisaged under Article 75 & 76 of the Treaty. Currently the EAC Partner States are at different stages of developing and implementing various SEZ schemes. Notably EPZs and Freeport Zones are stipulated in detail in the EAC Customs Laws, other Special Economic Zones schemes are merely mentioned in the Protocol.
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    EAC trade and investment report 2017:
    (East African Community E, 2017) East African Community
    The East African Community (EAC) has a total population of about 168.2 million with a combined GDP of US$ 155.2 billion and an annual growth of 5.6 percent. As one of the fastest growing regional integration areas, growth in the EAC was driven by: A progressive manufacturing sector characterised by agro-processing and industrial production; A buoyant services sector especially construction, tourism and banking; and an export sector consisting of commodities especially tea, coffee, horticulture and gold. The region possesses significant amounts of extractives resources, which include oil, gas, high value minerals and abundant renewable energy generation potential. This Report aims at providing a detailed analysis of the trends for the year, synthesise the challenges and prospects for enhancement of trade and investment in the region. The Report provides a platform for stakeholders, academics and policy makers to review the status of trade and investment, examine the challenges and address the proposed policy recommendations to drive the region to bolster links with the global economy. The EAC strategy for trade and investment enhancement includes signing agreements with other countries and trading blocs to promote trade and investment. Notably, the EAC-COMESA-SADC Tripartite FTA, the AfCFTA and the EAC-U. S Trade and Investment Partnership Agreement registered good progress during the period under review, although implementation challenges existed.
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    EAC trade and investment report 2018:
    (EAC Secretariat, 2018) East African Community
    The East African Community (EAC), with a population of about 168.2 million and a combined GDP of US$ 155.2 billion is one of Africa’s fastest growing regional blocs. Growth in the EAC is driven by a progressive manufacturing sector characterised by agro-processing and industrial production and exports. The Export Sector is dominated by tea, coffee and horticulture. The Region possesses significant amounts of extractive resources including oil and gas, high value minerals and renewable energy. This Report provides a detailed analysis of the trends for the year and synthesises the prospects for enhancement of trade and investment in the Region. The aim is to provide a platform for stakeholders, academics and policy makers to review the status of trade and investment, examine the developments at the regional and global level that have an impact on trade and investment in the EAC and measures to link the Region to the global economy.
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    EAC trade and investment report 2019
    (EAC Secretariat, 2019) East African Community
    The East Africa Trade and Investment Report 2019 provides a detailed analysis of trends for the year, and synthesises prospects for enhancing trade and investment in the East Africa Community (EAC) as a basis for engaging with stakeholders, academics and policy makers on challenges to regional trade and investment, and measures to better link the EAC to the regional and global economy. In 2019, EAC continued to pursue policies that enhance trade and investment in the Region. These included negotiations on the Africa Continental Free Trade Area Agreement (AfCFTA); the UK-EAC Brexit trade negotiations, the Africa Growth and Opportunity Act (AGOA), and the EAC-COMESA-SADC Tripartite Free Trade Area (TFTA). The outcome of the negotiations is to strengthen and streamline EAC trade and investment initiatives and enhance participation of the Region in the global commodity value chains.
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    EAC trade and investment report 2020
    (East African Community, 2020) East African Community
    The East African Community offers a large market for trade in merchandise and services. With a population of about 186.9 million consumers alongside millions of others from inter-regional trade with other African blocs, the region’s demand for goods and services is quite high. Also, the abundance of most precious natural resources ranging from minerals to oil to gas to fish to arable land to beautiful climate to tourist attractions to quality human capital to ease of access to finance, and the region’s strategic location in the world makes it the best destination for foreign investment. Most recently, the Region has improved infrastructure, such as roads, ports, airlines, electricity and telecommunication, and enjoys good governance of the Partner States, which enhances the conduciveness of the environment for local and foreign investors. The EAC Secretariat has continued to strengthen the Community Protocols and Partner States have been committed to ensuring a smooth flow of people, goods and services by removing barriers to trade and investment. Consequently, export and import trade comprising agricultural goods and manufactured goods is liberalised. Intra-EAC trade has continued to grow with trends showing that each Partner State is gaining a significant share of the EAC market.
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    EAC trade report 2011
    (EAC Secretariat, 2012) East African Community
    The integration of EAC is premised on the objective of attaining deeper integration of the region for the realisation of balanced growth and development in order to enhance the standards of living of its peoples. The entry point of the integration process is the Customs Union which came into effect in 2005 followed by a Common Market in 2009 and Monetary Union that is slated for 2012. Year 2011 marked the seventh year of the implementation of the EAC Customs Union. A fully fledged stage presupposes attainment of an inter-EAC free trade regime coupled with unhindered movement of goods within the region, a deeper harmonised trade policy, strengthened regional institutional framework and integrated regional wide systems on customs and trade.
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    East African Community health sector investment priority framework (2018 - 2028)
    (East African Community, 2018) East African Community
    The East African Community (EAC) through its Vision 2050 seeks to be “An upper-middle income region within a secure and politically united East Africa based on principles of inclusiveness and accountability”. Investing in human capital development and thus a healthy and well-educated population has been identified as one of the most critical enablers for the attainment of the region’s vision. Other pillars that are expected to also contribute to favorable changes in the demographic, social, economic and environmental profile include infrastructure development; agriculture, food security, and rural development; industrialization; natural resource and environment management; and tourism, trade and services.
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    East African community model export processing zones operational manual
    (EAC Secretariat, 2010) East African Community Secretariat
    This EAC EPZ Model Operational Manual is premised on the mandate provided under Regulation 17 of the East African Community Customs Union (Export Processing Zones) Regulations. The manual has been formulated to guide the competent authorities in the development of national operational manuals in order to promote the uniform application of EPZ regulations.
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    East African Community trade and investment report 2015
    (East African Community, 2015) East African Community
    The East African Community is one of the fastest growing integration arrangements in Africa and is set to expand with the application of the Republic of South Sudan to join the bloc. During the year, the EAC continued its quest towards full economic integration with remarkable progress in the implementation of the Single Customs Territory (SCT) including the upgrade of Regional infrastructure especially the ports of Mombasa and Dar es Salaam, roads, airports and border posts. Implementation of the SCT is set to reduce the cost of doing business by eliminating duplication of processes. EAC is also looking to improve trade beyond the SCT by promoting trade facilitation initiatives with other trading blocs. These initiatives include the EAC−EU EPAs, AGOA, COMESA−EAC−SADC Tripartite Agreement as well as the EAC−US Investment Partnership Agreement.
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    Export promotion strategy 2020-2025:
    (East African Community, 2019) East African Community
    One of the main drivers of economic growth and transformation in the Region has been the Partner States’ export-led strategies and policies. By the mid 1980’s, all Partner States had in place some form of export promotion strategy which contributed to the creation of jobs and supported the transformation of the Region’s productive capacity. EAC Partner States present very different trade profiles with mixed export performances. In Burundi, Rwanda, and Uganda, exports of goods and services as a percentage gross domestic product (GDP) remains relatively low, at less than 15%, whilst in Kenya and Tanzania exports as a percentage of GDP is about 25%. A long run view of the Region’s export shows an overall upward trend with short run fluctuations linked mainly to the volatility in commodities exports. During the period 2010-2015, the EAC’s trade deficit as a percentage of GDP has hovered between 12.9% to 15.3%, whilst total EAC exports has fluctuated from 30% growth in value terms in 2014, contracting by 17.5% in 2015 and 6.8% in 2016. These figures are far from the targets set by the EAC EPS 2013-2016, which aimed for a 20% p.a. export growth and a reduction of trade deficit to 8% of regional GDP.
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    Investment guide 2020
    (East African Community, 2020) East African Community
    The East African Community (EAC) is a regional organisation mandated by the Governments of the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda and the United Republic of Tanzania to spearhead the East African economic, social and political integration agenda. The key building blocks towards economic, social and political integration of the East African Community as clearly articulated in the Treaty for the Establishment of the East African Community include the Customs Union, Common Market, Monetary Union and ultimately the Political Federation”. The EAC Investment Guide is one of the tools in the regional investment promotion agenda and aims at promoting the region as a single investment destination. The EAC Secretariat shall work with the seven (7) Investment Promotion Agencies, namely Burundi Investment Promotion Authority (API); Kenya Investment Authority (KenInvest); Rwanda Development Board (RDB); South Sudan Investment Authority (SSIA); Tanzania Investment Centre (TIC); Uganda Investment Authority (UIA); and Zanzibar Investment Promotion Authority (ZIPA) to promote investment opportunities, guide and support existing and prospective investors. The EAC Investment Guide covers the EAC at a glance, the operating environment, investment climate and incentives, investment opportunities, views and perceptions about doing business in EAC and the EAC regional framework among others.
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    The 14th African union high level private sector forum:
    (African Union Commission, 2023) African Union
    The world is increasingly becoming interconnected, and this has created new opportunities for businesses to expand their operations beyond their borders. Regional and Continental trade agreements provide a platform for businesses to access new markets and customers, and to benefit from economies of scale. However, dismal investment inflows, trade barriers, access to finance, climate change, high cost of transport, level and efficiency in production, diverse regulations, slow implementation of the agreed commitments in the various trade agreements, coupled with low awareness of investment and business opportunities that ultimately limit trade and investment. This calls for renewed commitments and political will to resolve the challenges that hinder trade and investment attraction. The theme therefore focuses on Public – Private Sector engagement on how to bolster regional and continental trade and investment to facilitate inclusive growth and sustainable development in line with the African Union theme of 2023, which is on “Accelerating the Implementation of the AfCFTA”. Whilst the AfCFTA provides numerous opportunities for Africa, it is imperative that deliberate strategies be put in place by all relevant stakeholders to unlock and effectively utilize this potential.
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    The EAC model investment treaty
    (East African Community, 2016) East African Community
    The EAC has elaborated a draft EAC Model Investment Treaty pursuant to directives of the Sectoral Council on Trade, Industry, Finance and Investment made on 30th May 2014 and on 22nd May 2015.
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    The East African Community trade report 2006
    (East African Community, 2008) East African Community
    The East African Community (EAC) is an intergovernmental regional body comprising of Kenya, Tanzania and Uganda whose agenda is to attain economic, social and political integration of East Africa. Following the collapse of the first East African Community in 1977, the desire for close cooperation among the people of East Africa finally resulted in an agreement establishing the Permanent Tripartite Commission for East African Cooperation that was signed by the Heads of State in November 1993. The Heads of States agreed to transform the Cooperation Agreement into a Treaty and the negotiations commenced in earnest resulting into a Treaty for the Establishment of the East African Community which was signed on 30th November 1999 and entered into force on 7th July 2000 following its ratification by the Partner States of, Kenya, Tanzania and Uganda
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    The East African Community trade report 2007
    (East African Community, 2008) East African Community
    The main goal for the East African Community, as an economic and political entity, stems from the desire by the EAC Partner States to improve the standard of living of the population through increased competitiveness, value-added production, trade and investment.