Thursday, July 14, 2011

South Sudan and Ethiopia are ready markets

(Thursday, July 14 2011, nation.co.ke)- Export processing zone investors should tap into the South Sudan and Ethiopian markets to diversify from the export restriction imposed by the East Africa Protocol.

The East Africa Custom protocol demands that the East African countries in the region were now local markets and were no longer export markets.

During a Coast Region investors meeting at Mombasa Beach Hotel, the  Export Processing Zone Authority (EPZA)  Chief Executive Officer Dr Richard Mutule Kilonzo told investors that EPZ regime had not done enough in the country’s economy  and required to be overhauled into Special Economic Zones (SEZ).

Dr Mutule said with the new constitution dispensation, the investors should now look for investment opportunities in the devolved county governments. Speaking to the investors, the Chief Executive urged the investors to  explore opportunities  that will be created by the EPZA linkage in Southern Sudan and Ethiopia that will be provided by the opening up of the Lamu corridor. Read more »

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