The Swedish Trade minister, Ewa Bjorling has called upon Swedish businesspersons to explore the vast business and investment opportunities available in the East African Community (EAC).
Addressing Swedish businesspersons at the First Sweden-EAC Business Forum in Stockholm recently, the minister said that investments were growing rapidly in the region, underscoring that the EAC bloc offered excellent environment for business ventures.
“The region has abundant opportunities in mining, manufacturing, health, agriculture, ICT and services, among others,” she told the audience, adding that Africa was on the rise in attracting new investments and is set to become future economic giant.
Bjorling pointed out that East Africa has demonstrated evidence of reforms, economic growth and development.
The EAC Secretary General, Dr Richard Sezibera said that as East Africa was looking for investors, the region’s businessmen should also seek for available opportunities in Sweden.
“EAC citizens also need to scout and take advantage of opportunities that Sweden has to offer for investment. I believe that this will be mutual opportunity to strengthen our economies,” he stressed.
The Secretary General welcomed the dialogue between the Swedish Chamber of Trade and the East African Women in Business Platform with a view to enhancing East African women’s advocacy skills and sieve through possible opportunities for business linkages.
“I would like to commend the Swedish Chamber of Trade President for agreeing to travel to Kampala, Uganda, later this month to finalise a MoU with the East African Women in Business Platform,” the EAC secretary general added.
Sezibera also thanked Sweden’s continued support to the organs and institutions of the community, including the secretariat, the Lake Victoria Basin Commission and the Inter University Council for East Africa.
“This support is making a real difference in the lives of the people of East Africa,” he said.
Earlier, the Dean of EAC Ambassadors in Sweden, Joseph Tomusange of Uganda said EAC was peaceful and secure for investments.
“The EAC Partner States have created a conducive environment for investors and aligned policies to attract investors,” he remarked.
The conference was attended by representatives of the EAC Partner States’ investment promotion Dr Gabriel Aridru, Uganda’s State Minister for Investment and Peter Munya, Kenya’s Assistant Minister for EAC, also attended.
The EAC Secretary General also held talks with top officials of the Swedish Customs, Swecare Foundation and KTH Information and Communication Technology during the visit.