DAILY NEWS REPORTER IN ARUSHA
BUSINESS leaders in the East African Community
(EAC) have appealed to Heads of State in the regional bloc to maintain
political stability towards favourable business and investment environment for
the private sector to operate smoothly.
The call was
made here by the Chairperson of the East African Business Council (EABC), Mr
Felix Mosha, when briefing journalists after the council’s board meeting. Mr
Mosha in particular appealed to the leaders to address the political confusion
in South Sudan to enable businesspersons in the bloc to operate in friendly
environment.
The business
leader pointed to the fact that member states of the EAC face different
challenges for business and investment which respective countries need to iron
out. “Each country in the regional bloc faces dissimilar challenges which need
to be addressed to boost trade and investment between the countries,” Mr Mosha
said.
Officiating at
the EABC’s board meeting earlier, the Secretary General of the EAC, Ambassador
Liberat Mfumukeko, pledged to grant maximum cooperation to business community
in the regional bloc to operate without hindrances.
It was the
first meeting for the EAC’s top technocrat and the business community in the
EAC since Amb Mfumukeko took over the position. “I pledge to closely cooperate
with the EABC in addressing various challenges facing the private sector within
the bloc,” he promised.
Delegates at
the meeting urged member countries in the EAC to put in place favourable and
harmonised policies to link business persons in the regional grouping.
A member of the
EABC board from Tanzania, Mr Kakee Dharwal, stressed on the need by the member
countries to draft harmonised policies to enable the private sector operates
smoothly.
The sentiments
were shared by Mr Jimmy Kadeho, who urged further that the countries should
maintain political stability for private sector to operate.
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