Kenya calls for the creation of a common market in East Africa
William Ruto says companies will be in a better position on the global scene.Kenyan vice president William Ruto has called the East African business community to consider the creation of a common market in the region to strengthen regional integration and foster economic development.
"We should have a common market that brings together the six countries. This would give real meaning to the spirit of the EAC," said Mr Ruto last week at the Council of East African Affairs (AECB), Xinhua reports.
According to him, companies would be "better off" if they represented their company under the banner of the East African Community instead of individual countries aiming to compete in a tender or to participate in a mega project in the region.
Mr Ruto also called on the private sector to work to strengthen trade relations between countries
within the EAC: "We need to do everything we can so that businesses have partners from the six countries of the EAC. By doing this, we will make our regional integration a reality."