East African states roll out budgets with view to spurring growth, boost regional trade

[Koborer]

In Summary

• Push to build infrastructure, ease the cost of doing business and fast-track the flow of revenues from the nascent oil and gas discoveries in the region have seen the four governments loosen tax policy to allow more trade with their neighbours and foreigners as well.
• Business executives said the budget statements did not mention some key impediments to trade in the region.
• Regional integration aims at easing trade and stopping revenue losses suffered by companies doing business in the region. However, frustration has been growing among businesses in landlocked countries, which are paying a heavy price for unnecessary and costly trade barriers.

East African states roll out budgets with view to spurring growth, boost regional trade - News - www.theeastafrican.co.ke