Saturday, 30 October 2010

Meeting seeks to boost use of Lake Victoria resources

From Saturday Nation, Nairobi, Kenya

East African Community will hold a three-day investment meeting at the beginning of December to look for ways of increasing investment in Lake Victoria basin.

Lake Victoria Basin Investment Forum to held between 5th and 8th, 2010 in Mwanza, Tanzania, is aimed at promoting increased trade and investment in the lake basin as well as encouraging knowledge exchange.

The event will bring together regional, international and business leaders to discuss opportunities in transport, tourism, fisheries, trade and investment.

East Africa Community’s Lake Victoria Basin Commission executive director Tom Okurut on Friday said the basin has a market potential of $40 billion (Sh3.2 trillion) and a wealth of resources of economic importance.

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