Thursday, 9 December 2010

Forum advises EAC on attraction of investment

From The Citizen Daily, Dar es Salaam
By Ray Naluyaga, Citizen Bureau Chief

The East African partner states have been urged to devise mechanisms with clear incentives for attracting investors in the energy sector in Lake Victoria basin.

This has been listed as one of the resolutions reached at the end of the three day first lake Victoria Basin Investment Forum yesterday in Mwanza.

The forum which brought together 500 participants from the East African partner states said this is in cognisant with the fact that the EAC partner states in general and Lake Victoria Basin in particular has a major energy deficiency yet energy is key in driving socio economic development.

Reading the resolution on behalf of the delegates, Dr Doreen Okero, an HIV/Aids specialist said the EAC governments together with the private sector should make agriculture a viable enterprise by infusing the use of science and technology.

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