NAIROBI, Kenya, Feb 23 – The Commonwealth Enterprise and Investment Council (CWEIC) has launched its East and Central Africa hub in Nairobi with Equity Group as its partner.
CWEIC which is the Commonwealth’s business network will promote trade and investment by positioning the region strategically.
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.
Speaking during the launch, Lord Marland of Odstock, Chairman of (CWEIC) 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.
Mwangi said that (CWEIC) is an important partner for Equity Group as by working together they will accelerate the growth of the region through 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 added that (CWEIC) had signed up to partner with Equity in the implementation of the Group’s Africa Recovery and Resilience Plan which focuses on Africa’s comparative advantage in primary sectors.
The sectors included agriculture and extractives, value addition through manufacturing, logistics, access to new markets through trade and investment, the strengthening of MSMEs who support local and regional supply chains, social and environmental transformation and promoting a technology-enabled economy.
Cabinet Secretary Ministry of Industrialization, Trade and Enterprise Development, 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.
‘’Kenyan Government is keen on working closely with the private sector, the various chambers of commerce and investment units in the region to position Kenya as a regional financial hub with impeccable infrastructure and policies that continue to position the country as a trade forward economy,’’ Kuria stated
The CWEIC is a membership organization which offers its members a platform to connect, create opportunities for business growth and catalyze change through promotion of trade and investment globally.
The regional hub will lobby with the relevant country authorities, organize business networking forums and trade missions and also advocate for ethical and sustainable investments through innovation and partnerships in the region.
