East African Community Private Sector Development Strategy

Abstract

Many modern and successful economies have relied on the private sector to achieve sustainable economic development. The private sector is driven by the profit motive and requires enabling policies conducive to enhancing opportunity for attractive returns to investments. The challenge faced by many developing countries has been that of putting in place a strategy and incentive framework, which can facilitate and promote the private sector in a direction consistent with the overall development strategy. In the context of the East African region, the Private Sector Development (PSD) must be able to accelerate growth, reduce poverty and improve the quality of life of the people of East Africa.