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EABC in partnership with GIZ trains SMEs from the region on trade
Arusha,
Tanzania 29th June 2019:- Knowledge and competence are key to tap
the potential of the East African and wider African market.
With support from German Development
Cooperation under “Creating Perspectives: Business for Development, East
Africa” EABC improved skills of managers
engaged in the manufacturing sector from the six East African Partner States on
Export Preparedness and Management. The training kicked off on 26th
June 2019.
“Creating Perspectives: Business for
Development, East Africa” project is a joint initiative by Federation of German
Industry BDI; the Federal German Ministry for Cooperation and Development
(BMZ); the East African Business Council (EABC) and the EAC Secretariat.
Working with selected 74 growth-oriented
small and medium enterprises (SMEs) in East Africa the pilot project aims to
improve their economic perspectives by increasing productivity,
competitiveness, and innovation.
Speaking at the award ceremony today,
Hon. Peter Mathuki said “SMEs are the backbone of the economy not only in East
Africa but also in Germany where 80% of employment is attached to SMEs. EABC
has repositioned to respond to the needs of SMEs in the region by establishing
a fully-fledged desk to help members with cross border trade challenges and
provide advisory for business development”
Support
to start-ups and SMEs is crucial for the
creation of employment and income generation for the steadily growing
population in the EAC Partner States.
The
Chief Guest at the award ceremony, Hon. Kennedy Musyoka, Member of East African
Legislative Assembly commended the SMEs for exploring the opportunities of the
wider EAC market and employing the youth in the region.
“As
legislators, we would like more business to grow and expand across EAC borders
and provide more employment, “ said Hon. Kennedy Musyoka.
Among the
challenges faced by SMEs while doing business in the region including access to
finance and not adhering to provisions of the EAC Customs and Common Market
Protocol .lack of knowledge on export, product standards among others. The EABC as the voice of the private
sector in the region provides policy support through advocating for a conducive
business environment, for instance, fair customs and tax systems, elimination
of Non-Tariff barriers and harmonization of standards.
About
the East African Business Council (EABC)
– The East
African Business Council (EABC) is the
regional apex body of private sector associations and corporates in East Africa
with a single purpose of driving the East African Community (EAC) integration
process through trade and investment. To achieve this EABC works with the public sector, EAC institutions, the academia and the business community to unlock the
economic potential through increased access to markets, enhanced trade
environment and improved business competitiveness.
For more information,
please visit: http://eabc-online.com
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