East African Business Summit to be held in Kigali

m_East African Business Summit to be held in Kigali

A view of Kigali city business center

Kigali will host the East African Business Summit, from June, 4-6th, 2014. The summit will bring together top business leaders and policy makers from across the region to discuss major challenges facing the region’s economic landscape.

The summit, the first of its kind to be held in Rwanda, will see discussions centered around how the region can fast track inclusive development that engages all key stakeholders and the entire citizenry of the EAC.

The summit will be held under the theme: “Positioning East Africa for Inclusive Prosperity in 2020 and beyond”.

The EA Business Summit first convened in 2002 as a joint initiative of business captains in the region like Citibank, Deloitte, KPMG, NMG, PwC, and the Serena Hotels, with the aim of bringing together the best business minds in the region to engage policy makers so as to catalyse true economic transformation of the East African region.

Over 100 top business leaders, financiers, and government officials from Rwanda, Uganda, Kenya, Ethiopia, South Sudan, Burundi, and Tanzania will convene in Kigali for the two-day meet to discuss ways of exploiting emerging opportunities in various industries in the region.

Commenting some of the expected discussions concerning the mining sector, Bernice Kimacia, the Country Senior Partner PwC Rwanda says that the gist of the topic will be in finding ways through which the region’s mineral endowments can be effectively and sustainably exploited to benefit the mass population.

Sparred by the ‘coalition of the willing’ the East African region has made some tremendous steps to improve business and trade dealings, transport and migration hazards among the non-tariff barriers aimed at have a common regional trend of growth.

Recently President Kagame today joined President Kenyatta, President Museveni, President Salva Kiir and the Chinese Premier Li Keqiang in Kenya’s capital Nairobi to witness the signing ceremony of the first phase of the Standard Gauge Railway agreement with China.

The project is expected to kick off on 1 October and take 42 months to complete is expected to change the region’s economic landscape by providing efficient and cost effective rail transport for both freight and passengers. It is intended to reduce the cost of doing business by reducing the cost of transport among the countries served by the Northern Corridor.

In May this year, Regional Heads of State renewed their commitment to integration and especially in key areas such power generation and interconnectivity, oil pipeline development, development of human resources, establishment of commodity exchange, fast tracking of political federation, construction of the railway and defense, security and peace cooperation.

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Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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