EALA MPs demand for uniform EAC investment policy
The East African legislative assembly has tasked regional governments to come up with a uniform comprehensive investment policy to guide investments in the East African region.
In line with efforts to increase investment in East Africa, the assembly wants partner states to formulate and harmonise investment codes and regimes that promote industrialization and investments, leading to economic development.
These are some of the recommendations contained in a report presented by the Communication, Trade and Investments committee chairperson, Fred Mukasa Mbidde and later adopted by the House.
Mbidde states that though each partner state has made headway in creating a conducive environment for investment locally, it is imperative that the region adopts a harmonized approach towards attracting investment.