The Kenya National Chamber of Commerce and Industry (KNCCI) President Mr. Richard Ngatia is leading a delegation of Kenyan Private Sector Business Community to the East Africa Trade and Industrialization Week (EATIW) taking place in Dar es Salaam- Tanzania.
Under the theme, “Boosting Intra-African Trade Through Strengthened Regional Trading Arrangements”, the Trade and Industrialization Week primary goal is to promote economic growth in the region and the continent at large, through the network of Chambers of Commerce and business associations.
The Chamber President has highlighted that the event follows the recommendation made during the Kenya-Tanzania High Level Business Forum held during the official visit to Kenya by H.E. Samia Suluhu, President of the United Republic of Tanzania on 5th May 2021 in Nairobi.
Mr. Ngatia acknowledges the East Africa Region to be one of the fastest growing regional economic blocs, with the combined population of over 170 million providing a wider market for goods and services.
The three areas of deliberations as highlighted by him are; African Continental Free Trade Agreement (AfCTA) as a gift from Africa to Africa, Kenya as a favorable trade destination, to which he assured the governments representative, regional bodies and delegates present that Kenya is open for business and its continuation as a business economy with a business friendly environment, and lastly, Africa Great Lakes Region Private Sector Forum Comprising of 12 member states with bio-diversity & opportunities in blue economy, natural resources, huge and vibrant youthful population that not only guarantees a wider market but also required labour force .
Additionally, Mr. Ngatia has assured the East Africa Region and the Continent as a whole that Kenya is open to business and will continue to be an open economy with a business friendly environment.
“I welcome investors to invest in all sectors in Kenya, and especially in those forming the Country’s Big 4 Agenda, that is; Food security, affordable housing, manufacturing, and healthcare for all”, said the Chamber boss.
Representing the Kenyan Government is Chief Administrative Secretary for the Ministry of Industrialization, Trade & Enterprise Development Hon. David Osiany.
In attendance from KNCCI are Chamber 2nd Vice President Ms. Fatma Elmaawy, CEO Mr. Samuel Matonda, Director Steve Mbugua and the Chamber Company Secretary Mr. Kihara Njuguna.