President uhuru kenyatta has said East African community (EAC) member states need to move fast to put in place a conducive investment environment that will attract foreign and domestic investors.
On this note, President Uhuru said a quick win that
can be put forward and which would have a serious impact to the economies of
the member states would be a common EAC Tourist Visa.
“It is my hope that our governments can work on this and
other initiatives that will have tangible benefits for our economies and
people,” the President said.
He noted that Uganda is
a major economic partner to Kenya
and gave his personal commitment to ensure Kenya does its part in facilitating
trade and investment between the two countries.
He also said “Uganda is
Kenya’s
largest export destination globally. Kenyan companies are also leading
investors in Uganda in
the areas of banking, insurance, manufacturing, and agriculture. Also, most Ugandan
imports and exports pass through our Port
of Mombasa”.
President Kenyatta noted that it is for this reason that
he directed the operations at the Port
of Mombassa be
streamlined with the aim of easing the clearing of cargo.
“In addition, I have directed that the relevant
government agencies ensure that the movement of goods from Mombasa to Malaba
takes a maximum of five days. Indeed, the current situation where goods take up
to eighteen days to get to Kampala from Mombasa is untenable and unsustainable
if our businesses are going to compete and transform to global corporations,”
the Head of State said
Speaking on Monday night during a state meeting held in
his honor at State House Entebbe, Uganda, President Uhuru noted that
regional economic integration is an important component in the development of
the East African Community plus being the key to the prosperity of Uganda and Kenya.
President Uhuru raised the need for unity among the
political and public service leaders in EAC Member States so as to
ensure that the potential of the Community is achieved.
“With a market of over 130 million people, our east
African community has the potential for rapid economic growth and massive
employment creation,” the President said.
Expressing his commitment to the ideals of EAC, the President
noted that his Government is looking forward to achieve the integration agenda
which he noted marks the beginning of Africa reconnaissance.
He added that integration agenda can only be achieved by avoiding
all non-tariff barriers to trade that may be preventing the movement of goods
as well as workers across the different countries.
Further more, Uhuru said that legislatures also need to
domesticate all aspects of the Customs Union and Common Market Protocols.
Speaking during the function, the President of Uganda, Yoweri
Museveni expressed his gratitude to Kenya
and other nations for helping Ugandans during their time of need adding
that Kenya
is home to many Ugandans.
President Uhuru is in Uganda to attend the Infrastructure
and Investment Summit who is escorted by Cabinet Secretaries, Ambassador Amina
Mohamed, Engineer Michael Kamau, Adan Mohammed and Mombasa Governor Hassan
Joho.
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