The Chief Executive Officer of Warid Telecom in Uganda Madhur Taneja has indicated that the Coming East Africa Common Market slated to start operational on July 21st 2010 among the five East Africa Community block member countries will not help much to boost the Uganda Telecommunications sector because of the nature of the business.
The five East African Community block member countries are Uganda, Kenya, Rwanda, Tanzania and Burundi.
Warid Telecom
Taneja says the East African Common Market will benefit the manufacturing sector which is dependant on inputs coming from other markets outside Uganda.
The East African Common Market will eliminate internal borders between East African partner states which will make the movement of goods from East African countries cheaper.
Analysts believe the initiative will help East African economic giant Kenya with already established industries to sell to other countries and capital for investment in other countries.
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By Solomon Akugizibwe, Ultimate Media