UK to strengthen investment links in EA in the wake of Brexit

UK to strengthen investment links in EA in the wake of Brexit

Thu Feb 23, 2017

UK High Commissioner to Tanzania, Ms Sarah Cooke, said that her country would remain an outward-focused tradebased economy with strong partnerships with other countries and regional economic blocs even in the wake of Brexit.

 

The High Commissioner was speaking after she presented her credentials to the EAC Secretary General, Ambassador Liberat Mfumukeko at the EAC Headquarters in Arusha.

 

Ms Cooke said the UK would create new partnerships with the EAC aimed at promoting private sector-led economic growth for employment creation and poverty reduction in the East African region.

 

The envoy disclosed that the UK was the biggest contributor to TradeMark East Africa (TMEA), adding that the funding to TMEA was being utilised to finance technical assistance to the EAC in sectors such as customs, trade, investment and video teleconferencing.

 

On his side, Amb Mfumukeko said his priorities over the next four years would be to promote the free movement of persons and labour as enshrined in the EAC Common Market Protocol; increase investment for job creation, and; improve agriculture to ensure food security and create employment for the youth in East Africa.

SOURCE: DAILY NEWS

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