The Commonwealth Enterprise and Investment Council (CWEIC) has unveiled its East and Central Africa hub in Nairobi.
The Council, which is the Commonwealth’s business network will promote trade and investment by positioning the region strategically with Equity Group as its partner.
The Council will work closely with Equity Group to put in place initiatives that will encourage international investors and partners to capitalize on the opportunities arising from the Africa Continental Free Trade Area agreement within the region.
CWEIC Chairman Lord Marland of Odstock, announced Dr James Mwangi, Equity Group Managing Director and CEO as the Chair of CWEIC’s East and Central Africa Hub.
‘’As a business network, we look forward to tapping into Equity Group’s extensive network within the region and the expertise of its leadership through Dr, Mwangi to build connections and partnerships for the business community from the Commonwealth member nations within the local markets,’’ Marland said.
Equity Group Managing Director and CEO, Dr James Mwangi said that the Council is an important partner for Equity Group as by working together they will accelerate the growth of the region by tapping into its key strengths, particularly in its natural resources.
‘’Commonwealth has 56 member nations and the launch of the East and Central Africa Hub will allow MSMEs and other entrepreneurs to benefit from the commonwealth and capital capacity of partners from the different member nations,’’ Mwangi stated.
He continued by saying that (CWEIC) had agreed to collaborate with Equity on the Group's Africa Recovery and Resilience Plan, which emphasises Africa's comparative advantage in primary industries.
Agriculture and extractives, logistics, value addition through manufacturing, trade and investment, support for local and regional supply chains by MSMEs, social and environmental transformation, and the promotion of a technology-enabled economy were among the areas mentioned.
Ministry of Industrialization, Trade and Enterprise Development Cabinet Secretary, Hon. Moses Kuria lauded the efforts of the Commonwealth Enterprise and Investment Council and Equity Group in rallying the region to strengthen its unity and growth through Trade.
