East Africa Member states urge to adopt a single investment destination

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Ms. Angelina Ngalula, Chairperson of the East African Business Council (EABC)

The East African Business Council (EABC) Chairperson Angelina Ngalula has called on the Governments of the East African Community Partners States, to promote a single investment destination.
She asked the leaders to showcase and reinforce the bloc’s comparative and competitive advantage.

Ngalula speaks to the press during her official visit to the EABC Secretariat headquarters in Arusha Tanzania on Tuesday this week.

She says East African countries have abundant resources with unique features from the coast of the Indian Ocean in Kenya and Tanzania to mountain gorillas in Rwanda, an opportunity for East African companies to offer regional tourism packages.

“Market East Africa as a Single Investment Destination” Angelina Ngalula
She guaranteed the commitment of the East African Business Council to champion regional ideas and solutions to unlock opportunities and lure more investments into the EAC bloc.

Ngalula applauded Tanzanian President Samia Suluhu Hassan, and President Yoweri Museveni, of Uganda for opening up the trade of sugar and rice in the region.

The Chief Executive Officer of EABC Mr. John Bosco Kalisa said “East African Business Council is a core partner of the East African Community regional integration agenda as outlined in Article 127 of the Treaty.”

He urged members of the Government to open EAC airspace to reduce the cost of tickets & amp; Cargo freights as well as boost the volume of air Cargo exports outside the region.

Mr. Kalisa said East African Business Council is keen to drive public-private dialogue and partnerships to build productive capacities, regional value chains, and economic growth in the East African Community.

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