Welcome to Uganda Multimedia News & Information   Click to listen highlighted text! Welcome to Uganda Multimedia News & Information

Uganda Warid Telecom chief says East African Common Market will not help the industry much

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

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.

Also see

East African Common Market is Byoya Byanswa!

Ugandans urged to be cautious on East African Common Market

Is Uganda ready for East African Common market

Uganda traders not ready for East African Common Market

By Solomon Akugizibwe, Ultimate Media

Leave a Reply

Your email address will not be published.

468x60

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Click to listen highlighted text!