The first East African Manufacturing Business Summit is taking place at the Speke Resort in Kampala, Uganda. Themed Unleashing the Manufacturing Potential of East Africa, the Summit seeks to bring together key manufacturers, supply industries, wholesalers as well as key policy makers from the East African region and beyond to address and deliberate upon existing gaps in the policy and the business environment.
This Summit comes as a result of an innovative formula spearheaded by the East African Community (EAC) and the East African Business Council (EABC) that merges policy advocacy and dialogue meetings between the private and public sector that may give way to long term positive effects for the sector with technical and B2B networking components that are designed to have a direct and immediate positive effect on the bottom line of the participating business leaders – for example in B2B meetings with potential raw material, technology and service suppliers, financiers and trade outlets from all over the region and the theme for this Summit is Unleashing the Manufacturing Potential of East Africa.
The summit also takes place in the realization that most manufacturing industries are highly technical, highly cost sensitive and economies of scale bearing investments that are strongly dependent on an effective business environment as well as efficient supply and downstream industries.
Participants in this summit are expected to come out with an acquired wide range of high quality presentations that reflect majorly on developments in the manufacturing value chain in East Africa and around the world.
Among the keynote speakers during the summit included Amos Nzeyi who is UMA Chairman, Dennis Karera who is EABC Chairman, Ambassador Dr. Richard Sezibera who is the EAC Secretary General, Vimal Shah, a keynote speakers and CEO BIDCO on ‘Manufacturing Success Factors in the East African Region’. Remarks also came from Hon. Amelia Kyambadde who is the Minister for Trade, Industry and Cooperatives in the Republic of Uganda and also Adan Mohamed the Cabinet Secretary, Ministry of industrialization and enterprise Development in Kenya.
According to EAC Richard Sezibera, Manufacturing in EAC can contribute over 25% to the GDP up from 10% and it’s good to create regional value chains. Vimal Shah insisted on the removal of counterfeits, borders delays, reduce logistics costs to improve export competitiveness while CS. Adan Mohamed said that 40% of public procurement must be locally sourced & manufactured.
The guest of honor who will deliver a keynote address to the summit is His Excellency Yoweri Kaguta Museveni, the President of the Republic of Uganda.