To woo more investors, EA states should keep sprucing up policies

Few industries have much potential for employment and economic expansion as those in the cotton, textile and apparel sector. FILE PHOTO | NMG

Kenya and Tanzania have in the recent past initiated a welcome alignment of purpose and fresh energy to make the region investor-centric and encourage the harnessing of opportunities in industries with the potential to scale and contribute significantly to creating employment and expanding the economies of East African countries.

The launch of the Kenya Investment Policy and the Country Investment Handbook in Nairobi, and the cotton and apparel sector stakeholders meeting in Dar es Salaam represented positive signs on what can be achieved when clear policy guidelines encourage increased foreign and domestic investments in a range of industries.