EABC, Danish centre to scale up trade opportunities

EABC, Danish centre to scale up trade opportunities

THE East African Business Council (EABC) has signed a Memorandum of Understanding with the MS Training Centre for Development Cooperation (MS TCDC) in a bid to scale up business opportunities for youths in the region.

Speaking shortly before inking the deal here on Monday evening, EABC Executive Director, John Bosco Kalisa noted that the growing population, skills and knowledge of the youth in the region was a great asset for economic transformation of the EAC region.

Such a partnership is set to see the two institutions organise and facilitate events, seeking to address policy and regulatory challenges hindering youths from investing in the region.

He further lauded the development management training institution located in Arusha for establishing the Youth in Business, Trade and Enterprise´, an initiative that has played a key role in advancing participation of youth in business and increased access to economic opportunities.

“We’ve both agreed on establishing a Youth Business Advisory Desk, which will strive to promptly resolve issues inhibiting youths from scaling up their businesses,” said Mr Kalisa.

In her rejoinder, MS TCDC boss, Makena Mwobobia exuded confidence that the partnership will boost youths’ participation in policy decision-making process at the EAC level and push a conducive environment for businesses plus amply active participation of youth in cross border and intra –Africa trade.

The agreement also commits to creating platforms to sensitize youths on developing issues, limiting them from accessing markets, thus curtailing the growth of their businesses.

The agreement also outlines that the youths will benefit from training aimed at building their capacity to address skill gaps in the market. Such a move hinges on increasing intra-regional trade which stands at below 20 per cent and comes at a time when the region is grappling to recover from the effects of Covid-19.

The agreement will also see the institutions endeavor to recruit and retain youths in business as part of the EAC SMEs Platform.

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