Regional private sector players have challenged their leaders to task regional governments to improve the conditions of doing business. Currently, the region’s private sector is facing many hardships in doing business because of the harsh economic conditions which have seen many lay off jobs and others nearly close business. Speaking at the 16th Annual General Meeting of the East African Business Council (EABC) held in Kampala on Friday last week, Mr Moses Ogwal, the policy and advocacy manager at the Private Sector Foundation Uganda, said: “We want to see EABC walk the talk by engaging governments to address the issues causing the slowdown in the economies.” Augmenting Mr Ogwal’s plea, the communication and corporate affairs Director Nile Breweries, Mr Onapito Ekomoloit, said part of the problem is the slow-down in the economy. “EABC is a group of businesses who have to make money and if they feel they are not making enough money, their umbrella institution must be seen feeling their pain and asking government what they should do,” Mr Ekomoloit noted. Mr Kassim Omar, the new council chair, said with the global challenges, there is more focus on sovereignty rather than regionalism as far as the different partner states are concerned. “This is why we continue to experience the never-ending challenges of non-tariff barriers coming up,” he added. He, however, said as he takes on the mantle for the next one-year he, would like to see the partners sharing those challenges so that council follows them up with the...
EABC chair asks governments to act on slow economy
Posted on: June 21, 2017
Posted on: June 21, 2017