GERMANY SET TO HELP DEVELOP SMES IN EAST AFRICAN COUNTRIES

ARUSHA, Germany is set to invest five million Euros to assist the development of small and medium-sized enterprises (SMEs) in Tanzania, Kenya, Rwanda, Uganda, Burundi and South Sudan under an arrangement being finalized between Germany and the East African Community (EAC).

We are in the process of finalising an agreement of Euro 5 million to support the Creating Perspectives: Business for Development in East Africa project to improve growth opportunities for small and medium- sized enterprises in East Africa," EAC Secretary-General Liberat Mfumukeko said in this northern Tanzanian city Sunday when he welcomed German Foreign Minister Heiko Maas, who was visiting the EAC headquarters.

The project would be implemented in collaboration with Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) and East African Business Council (EABC), he added.

He said that in the last 20 years, Germany had supported the EAC to the tune of 290 million Euros, including funding the construction of the sub-regional grouping's headquarters in Arusha.

Maas said Germany was satisfied with the integration process and the efforts of the six EAC member countries to unite their people, adding that Germany would continue to support development projects in East Africa.

So far Germany's total contribution to fight child mortality through immunizsation programmes in the EAC totalled 120 million Euros since 2013 with more than 60 million Euros spent on Rota Virus, Pneumococcal and Pentavalent vaccines in the EAC countries. Also, many children have been vaccinated against the biggest killers of children, namely diarrhoea and pneumonia.

Source: NAM NEWS NETWORK