Speeches Shim
The East Africa Trade and Investment Hub (the Hub) is the U.S. Government’s flagship project under the presidential Trade Africa initiative, launched in 2013 to boost trade and investment with and within Africa. The Hub partners with East African and U.S. businesses to attract investment needed to transform the East African private sector into vibrant global trading partners. Improving the region’s trade competitiveness, encouraging the diversification of exports beyond natural resources, and promoting broader, more-inclusive economic growth will lead to more food secure and resilient East African communities.
East Africa’s economic growth is among the fastest in the world and its countries are becoming increasingly integrated and interdependent. USAID supports regional institutions, including the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), the Intergovernmental Authority on Development (IGAD), and their member states to address issues that require collaboration between countries.
Economic integration is central to East Africa’s viability and strategic importance as one of the world’s fastest-growing global markets, leading to inclusive economic growth, stability and increased opportunity for the United States and its African partners. With a sustained 6.1 percent growth rate in gross domestic product (GDP), East Africa is ripe for trade and investment.
East Africa’s economies are among the fastest-growing in the world, with technological change sweeping across the region and offering tremendous opportunities in agriculture, financial services, medicine, the manufacturing of textiles and apparel, and trade. Labor and capital are moving faster and more easily across borders. East African businesses are better able to access regional and global markets.
Good morning. I am honored to be with you today to celebrate the commendable progress that has been made to protect and conserve the Mara River Basin. Famous all over the world for its beautiful landscapes and rich biodiversity, the Mara-Serengeti attracts millions of tourists each year between July and October to watch the spectacular wildebeest migration. Not only does the Mara River need to be protected because of its one-of-a-kind migration phenomenon and natural beauty, but also because the Mara River is critical for people’s livelihoods in Kenya, Tanzania and throughout the entire East African region.
Comment
Make a general inquiry or suggest an improvement.