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PUBLISHED ON July 25th, 2014

EAC COUNTRIES TO REDUCE COST OF DOING BUSINESS – KENYATTA

President Uhuru Kenyatta has said Kenya, Uganda and Rwanda are working together to improve on infrastructure and reduce the cost of doing business.Kenyatta said the three countries were also working together on removal of barriers that deterred free movement of people and goods across the borders.

He said the dream of a united East African Community will only be realized when all bureaucratic obstacles are removed and signed protocols implemented.

“As regional leaders, we meet after every two months to ensure that all protocols and MOUs signed between our countries, are operationalized and not kept on shelves,” the President said.

He said containers leaving the port of Mombasa to Kampala, which previously took 21 days, are now taking only four days to reach the destination.

Those destined for Kigali take six days from the previous one month.

“The cost of transporting the containers to Kigali from the port of Mombasa has also significantly reduced from $3,500 to $1000. Due to the efficiency, at the port and along the highway,” the president said.

He made the comments when he met a delegation of German entrepreneurs led by former German President Horst Kohler who paid him a courtesy call on him on Wednesday.

Dr. Kohler said German entrepreneurs are choosing Kenya as their investment destination in the East African region due to its strategic position as the region’s economic hub.

He assured the President that through the German entrepreneurs already in the country, awareness in his country on business opportunities in Kenya, the EA region and Africa.

The EAC countries are Kenya, Uganda, Tanzania, Burundi and Rwanda.

Source: Star Africa

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