Investment Promotion & Private Sector Development

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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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    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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    Trade report 2013
    (EAC Secretariat, 2014) East African Community
    In the community GDP growth remained strong averaging 5.1 percent where Tanzania recorded the highest economic growth rate of 7.1 percent. Inflation remained within a single digit range with Rwanda registering the lowest rate of 4.2 percent while both Tanzania and Burundi registering highest rates of 7.9 percent. The world trade remained sluggish after recording a growth rate of 2.1 percent in 2013. Trade between developing countries especially in the Asia region was much stronger than what it was with the developed countries. Africa’s exports declined by 3.4 percent during 2013 which can be explained by the 2012 recession in the European Union zone that extended to 2013. The European Union remains the major trading partner of the African countries and therefore any volatility in the EU affects African trade
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    Trade report 2012
    (EAC Secretariat, 2013) East African Community
    Economic conditions in EAC region remained generally robust against the backdrop of a sluggish global economy. EAC output growth averaged at 5.4 percent in 2012, higher than the 4.9 percent average growth for SSA. Inflation in the region slowed during 2012, as food and fuel price inflation eases following surge during 2011. In addition, EAC Partner States used coordinated approach of monetary policy tightening to reverse the 2011 price spikes. World trade reflected the weak momentum in global activity. The volume of exports and imports of advanced economies slowed to their pre crises levels. The trend was also reflected in the emerging markets and developing economies, including China, India and SSA economies. Consequently, exports volume growth in SSA slowed to an average of 3.5 in 2012 from 4.2 in 2011, while import volume growth halved to 4.5 percent from 10.7 percent over the same period.
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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.
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    Trade report 2014
    (EAC Secretariat, 2015) East African Community
    Emerging market and developing economies recorded a decelerated growth of 4.6 percent in 2014 compared to a growth of 5.0 percent recorded in 2013. The slowdown growth was attributed to both cyclical and structural reasons. In addition, the region was faced with new risks of slowing credit and possibility of tighter financial conditions given the anticipated unwinding of monetary policy stimulus in the United States. The slow pace of economic activity in advanced economies also adversely affected growth in emerging market and developing economies because of restrained external demand for their exports. The EAC Partner States continued to post positive results after rebounding from the global financial and economic crises. The GDP growth in the Community remained strong averaging 5.7 percent. Rwanda and Tanzania recorded the highest economic growth rates of 7.0 percent, while Burundi registered the lowest rate of 4.6 percent. The coordinated approach of the monetary policy and improved food production in the community eased inflation rates to single digit in all Partner States during 2014 with an average rate of 4.6 percent.
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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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    Trade report 2008
    (EAC Secretariat, 2010) East African Community
    The main goal for transforming the East African Community into an integrated economic and political entity is underpinned by the desire of the EAC Partner States to attain sustainable and equitable growth and development leading to improved standards of living of the people through increased competitiveness, value-added production, trade and investment.
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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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    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$155.2 Billion. As one of the fastest growing regional integration, growth in the EAC was driven by a growing manufacturing sector characterised by industrial development in all the five countries as well as a buoyant services sector especially construction, tourism and financial services. EAC is one of the leading exporters of agricultural commodities including cotton, coffee and fish and discovered significant amounts of extractives resources including oil, gas, high value minerals and abundant renewable energy generation potential.
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    EAC trade and investment report 2017:
    (East African Community E, 2017) East African Community
    The East African Community (EAC) has a total population of about 168.2 million with a combined GDP of US$ 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 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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    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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    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 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 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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    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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    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.