On August 7th, the spotlight was thrown on East Africa as The Whitaker Group, The US Chamber of Commerce and The East Africa Exchange co-hosted a breakfast panel where the Presidents of Kenya, Uganda, Rwanda, Tanzania and Burundi and came together with over 80 business leaders to discuss investment opportunities in the region.
The 15 private equity funds and investment banks represented currently hold more than $1 trillion in assets under management. Also present were key decision makers from some of the largest consumer products corporations in the world, including Wal-Mart, Procter & Gamble, GE Africa, and Coca-Cola all of whom have a keen interest in the growing East African consumer demand.
Global executives from technology, manufacturing, agriculture, health and power sectors all joined the lively discussion, as dida high-level group of East African business executives. Further, the President of the African Development Bank, Donald Kaberuka, and US Assistant Secretary of State for Africa, Ambassador Linda Thomas-Greenfield, were also in attendance.
The event came during a week of Africa-focused events in Washington, and the discussion provided a laser focus on the East African Community (EAC), one of the most integrated and fastest growing sub-regions in Africa.
Rosa Whitaker stated: “I am delighted that we have with us today some of the key architects and visionaries behind the quiet but very real economic revolution that is taking place in East Africa, and that has led to the most successfully integrated region on the continent. This is transforming the lives of the East African Community’s 240 million citizens, and creating rich opportunities for companies and investors eager to be partners in this historic transformation.”
She further added: “I truly believe that we have with us in this room today the people, the resources, and the skills to exponentially accelerate East Africa’s economic growth and truly connect it with the global economy.“