President Ruto Set to Jet Out Friday – Here’s Why
President William Ruto is scheduled to travel to Arusha, Tanzania, on Friday, November 29, to participate in a summit for the East African Community (EAC).
The president confirmed his attendance during the African Special Economic Zones (SEZs) annual meeting held at the Kenyatta International Convention Centre (KICC) in Nairobi on Thursday.
At the summit, which will bring together EAC Heads of State, discussions will focus on enhancing the regional business environment and fostering closer economic integration.
President Ruto highlighted that a key agenda item will be the adoption of a unified SEZ policy aimed at harmonizing the treatment of goods produced within these zones.
This policy is expected to streamline trade operations and support industrial growth across member states.
“The Heads of State from EAC will convene in Arusha to deliberate on improving the business climate and integrating our economies further. The SEZ policy, which our ministers have already agreed upon, is set to be approved at the summit,” President Ruto stated.
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He also emphasized the significance of the recently approved EAC Special Economic Zone regulations for 2024.
These regulations are designed to facilitate the free movement of goods across member states, promoting regional cohesion and establishing economic zones as pivotal hubs for industrialization and economic development.
“Under the new EAC SEZ regulation, member states will benefit from seamless trade across the region. This will not only enhance regional integration but also accelerate industrial and economic progress,” the president explained.
Additionally, President Ruto urged African entrepreneurs to prioritize investments within their own countries to drive inclusive growth.
He noted that many African investors choose to invest abroad due to a lack of confidence in the continent.
“It’s time for Africans to believe in themselves and invest locally. We must lead by example before expecting foreign investors to support our economies,” he remarked.
President Ruto Set to Jet Out Friday – Here’s Why
