Regional business leaders and government officials have urged faster implementation of trade reforms to unlock the full economic potential of the East African Community (EAC).
The call was made during the East African Business & Investment Summit held in Nairobi. The two-day event was organised by the East African Business Council (EABC) and the Kenya Private Sector Alliance (KEPSA) in partnership with the EAC Secretariat. It brought together senior government officials, investors, and private sector leaders to promote deeper regional integration.
The summit was opened by Beatrice Askul Moe, Chair of the EAC Council of Ministers and Kenya’s Cabinet Secretary for EAC and Regional Development. She said that while the region has made progress in harmonising policies and increasing trade, leaders must now focus on delivering practical results.
The EABC Chairperson, John Lual Akol Akol, noted that trade within EAC countries remains below 15 percent of total trade, far from the 40 percent target set for 2030. He urged member states to fully implement the Single Customs Territory, remove non-tariff barriers, and harmonise tax systems.
Business leaders said that the biggest challenge is not the lack of policies, but weak implementation. They recommended digital trade platforms and paperless customs systems to reduce delays and lower the cost of doing business.
KEPSA Chairperson Jas Bedi warned that regulatory inconsistencies and unpredictable taxes continue to frustrate investors. He stressed that addressing these issues is essential for boosting investor confidence.
The summit also highlighted the importance of the EAC’s Economic Partnership Agreement with the European Union, saying it strengthens legal certainty and makes East Africa more attractive to investors.
The EAC bloc represents a $410 billion economy with over 350 million people, most of them under 25. Leaders believe that with proper reforms and stronger cooperation, the region can become Africa’s leading trade and investment hub.
A final communiqué with key recommendations will be presented to the EAC Council of Ministers to guide future policy decisions.
