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Is East Africa Ready to Go From Rags to Riches?

02-29-2008

Globe 2008

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Thursday, February 28, 2008

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Dear eTurboNews Reader,

 

BREAKING NEWS: Romes Globe 2008 is a go! The stage is set for the second edition of Globe, Italys one and only travel exhibition of its kind. Following its successful inaugural last year, Globe this year is expected to be even bigger and better. If Italy is one of the markets that you serve, Globe 2008 is definite must. Time is running out, so hurry and register today: http://globe08.com/index.aspx.

Ugandan President Yoweri Museveni is pushing for the East African region to embrace industrial revolution for the bloc to fly its population from the state of dire poverty, to a promised land of riches and prosperity. To read what Mr. Vision wants to do, click to todays lead story.


Are you a tourism executive? If so, Pacific Asia Travel Association CEO Peter de Jong wants you to, among other things, debate on climate change requires a position or opinion on the matter, and concrete action in the next 12 to 24 months. Click to todays second story for more on the PATA CEOs challenge.


Today is the last day to submit you entries to this years The Golden Gate Awards, to be held during ITB Berlin this. This years roster of contestants is some of the worlds most prominent companies and destinations. Be sure to let your creative juices challenge theirs. The award for Best Website in Tourism is also up for grabs, as well as Best Tourism Ad for Print and Best Tourism Ad for Online. For more details or to enter, point your browser to: www.eturbopr.com/awards.

Thank you for making eTurboNews the dynamic forum that it is. Be sure to share your thoughts on any of todays stories by sending an email to the address: editor@eturbonews.com or by filling out our comment form at the end of each story.

Thanks very much for reading today's edition. Have a great day!

Sincerely,

Nelson Alcantara
Editor-in-Chief

Museveni comes up with EAC bloc prosperity formula

By ADAM IHUCHA  

Arusha, Tanzania ((eTN) - Ugandan President Yoweri Museveni is pushing for the East African region to embrace industrial revolution for the bloc to fly its population from the state of dire poverty, to a promised land of riches and prosperity.  According to Museveni, an embracement of industrial revolution is a lasting solution for the EAC bloc economic prosperity in modern days.

 

Addressing the fifth meeting of the second East African Legislative Assembly (EALA) in Arusha on Wednesday, Museveni, who is also a chairman of EAC Summit, said, "Agriculture alone, moreover subsistence agriculture, cannot cater for the employment needs of the 120 million East Africans, cannot earn enough foreign currency and cannot generate enough taxes."

 

He further said as the region heading towards federation, all member states, at the level, work to bring in and facilitate more and more investors.

 

"We must combat all the negative anti-investor attitudes and practices: corruption, indifference to their needs, delays, etc. As each of our economies grows, East Africa will be stronger," Museveni noted.

The EAC summit boss, back home in Uganda popularly known as Mr. Vision, was optimistic that the EAC is deepening its integration process.

 

President Museveni cited the ongoing process towards the establishment of the Common Market and the enlargement of the community, with the recent admission of Rwanda and Burundi as clear evidence. "Today, the trading bloc embraces a strong and large market of a combined population of 120 million people, has a land area of 1.8 million sq. kilometers with a combined GDP of US$ 41 billion," he explained.

Museveni, however, noted that although the size of the EAC economy is still embarrassingly small, compared to other economies of the World with comparable populations, the potential is great.

 

He said he believes that the political integration of EAC, in the form of a federation, would accelerate the process of industrialization and modernization because of the bigger market being a more attractive investment destination and more clout in trade negotiations with other strong countries or blocs such as the USA, China, India, Russia and European Union.

 

"It is the factor of size that helped India and China to frog-leap in terms of development and social transformation," Museveni said, stressing that it is imperative that the political strata and other elements of the elite wake up to the need for economic and social transformation so that the labor force shifts from agriculture to industry and services.

 

There were, however, some divergences of opinion on the timing of such a Federation. The samples showed that the populations of Kenya and Uganda, overwhelmingly, supported both the Federation and the fast-tracking as recommended by the Amos Wako Committee.

 

The population sampled in Tanzania, on the other hand, overwhelmingly bought the idea of the Political Federation of EAC, but did not support the integration timetable as recommended by the Wako's Committee.

 

There were also concerns expressed about issues like land and natural resources in relation to this political integration.


The EAC Authority decided to maintain a united position on this matter by directing for the fast-tracking of the Common Market.

 

According to the agreed framework of the EAC Treaty, the entry point of EAC integration w
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