Call for Stronger Cooperation Between Governments and Businesses
Habari mpya za trade Tanzania · maelezo ya Call for Stronger Cooperation Between Governments and B… · imesasishwa 11 Aug 2026 · habari mpya · masasisho · maelezo
Muhtasari
- The EAC Heads of State have set a target of increasing intra-regional trade to 50 per cent by 2030, a goal that would require businesses to operate more seamlessly across borders and governments to address constraints.
- Despite having a combined market of more than 300 million people, intra-regional trade remains a fraction of the bloc’s total commerce, prompting businesses and policymakers to accelerate efforts to build a more.
- In 2025, intra-EAC trade reached 19.7 billion US dollars, compared with 137 billion US dollars in trade with the rest of the world, showing the scale of the opportunity if businesses can overcome barriers limiting.
- Turning potential into performance The Tanzania Development Vision 2050 places private-sector-led growth at the centre of economic transformation, recognising businesses as drivers of investment, employment, innovation.
- East African Community (EAC) Secretary General Amb Stephen Mbundi said increasing regional trade requires stronger cooperation between governments and businesses, with the private sector playing a central role in.