East African business body launches business, investment summit to boost trade-Xinhua

East African business body launches business, investment summit to boost trade

Source: Xinhua| 2023-07-26 23:56:00|Editor: huaxia

DAR ES SALAAM, July 26 (Xinhua) -- The East African Business Council (EABC), a regional apex body of the private sector, has in collaboration with its partners launched the East African Business and Investment Summit 2023, aimed at charting out a common agenda to take trade to higher heights for increased prosperity, the EABC said in a statement on Wednesday.

Themed "Private Sector-Driven Regional Integration for Increased Intra-African Trade, Investment & Economic Growth," the summit is slated for Aug. 31 to Sept. 1 in the Ugandan capital of Kampala, said the statement.

The statement said the expo will serve as a crucial platform for key stakeholders to converge and discuss the successes, challenges, and opportunities in trade and investments within the East African Community (EAC) and the African Continental Free Trade Area (AfCFTA).

The summit will explore continental and global trends and discuss strategies to position the EAC as the prime investment destination in Africa, said the statement.

"This summit is organized in close collaboration with all investment promotion authorities in East Africa, who will showcase investment opportunities and present viable projects ready for investment to East African, African, and international investors," said the statement.

It is expected that more than 500 delegates from the continent and beyond are expected to attend, including ministers, senior government officials, industry leaders, potential investors, and financial institutions.

The summit will facilitate valuable business-to-business engagements, joint ventures, partnerships and business deals, said the statement.