For Online E-newspaper
Daily Nation : February 26th 2014
DAILY NATION Wednesday February 26, 2014 COOPERATION | Rwanda to host summit on commerce News 35 SALATON NJAU | NATION Nation Media Group chief executive officer Linus Gitahi speaks yesterday during a media briefing on the forthcoming East Africa Business Summit to be held in Kigali, Rwanda, in June. Business heads call for seamless policy Bosses say having one system in the region will boost trade in the EAC bloc BY LILIAN OCHIENG’ @LilianMerab email@example.com B usiness leaders in East Africa have asked governments regional heads to streamline their policies to the bloc’s trade protocols as a way of improving the trade environment. East Africa Business Summit leaders comprising six chief executives heading Nation Media Group, Citibank, Deloitte, KPMG, PwC and Serena Hotels said harmonising policies will create a great business ecosystem and bring prosperity in the region. Can be meaningful “As industry leaders, we believe East Africa’s economic transformation can only be meaningful if it’s inclusive,” Nation Media Group CEO and chairman of the summit Linus Gitahi said. “Government policies have to be positioned to harness competitive advantages of East African nations.” Mr Gitahi cited, among others, harmonisation of labour policies in Ethiopia, South Sudan, Burundi, Rwanda, Tanzania, Uganda and Kenya to allow for free movement of labour across the states. He said: “We have in this vein or- ganised a summit themed ‘Positioning East Africa for Inclusive Prosperity in 2020 and beyond’. “We will use this platform to push for policies that will enable business to thrive in the region,” he added. The summit will be held in Kigali, Rwanda, from June 4 to 6. It will bring together 100 top chief executive officers, financiers and government officials from the region. Speaking during a media briefing ahead of the summit, KPMG East Africa chief executive and senior partner of the summit, Mr Josphat Mwaura, said they aim to pool together business ideas and turn East Africa into a powerhouse. Discussions about how to manage mineral wealth for broad-based economic developments will also feature during the summit. Government policies have to be positioned to harness competitive advantages of East African nations” Nation Media’s Linus Gitahi Fee waiver to await law, says Kandie BY NATION CORRESPONDENT Traders from the East Af- rican Community member states will have to wait longer to have the 1.5 per cent levy on imports lifted. Speaking to the Nation dur- ing an East African Legislative Assembly tour in Nairobi on Monday, East African Affairs, Commerce and Tourism Cabinet Secretary Phyllis Kandie said a law exempting the levy has to first be in place. “Once the legislation is put in place, EAC member states will be exempted from the 1.5 per cent railway development levy on imports to Kenya,” Ms Kandie said. During the Council of Min- isters meeting last November, concern was raised over the charge. It was felt that the levy ran counter to the East African Community Customs Union Protocol and resolved to direct Kenya to abolish it. “The council noted that the 1.5 per cent levy imposed on imports by Kenya for railway development was inconsistent with the EAC Customs Union Protocol as it is a charge of equivalent effect for which partner states agreed to remove. “The council also directed Kenya to abolish the levy on EAC products with immediate effect,” reads the Council of Ministers communiqué in part.
February 25th 2014
February 27th 2014