The Commonwealth Enterprise and Investment Council launches its East and Central Africa hub in Kenya
24-02-2023 05:10:00 | by: Bob Koigi | hits: 3115 | Tags:

The Commonwealth Enterprise and Investment Council, CWEIC, has launched its East and Central Africa Hub in Nairobi in partnership with Equity Group Holdings.

To mark the launch, a special launch event was held in Nairobi, convening senior business and government leaders to celebrate the occasion and learn more about the role CWEIC will play in the region.

At the Launch, Lord Marland of Odstock, Chairman of CWEIC announced Dr James Mwangi, Equity Group Managing Director and CEO as the Chair of CWEIC’s East and Central Africa Hub.

“The Commonwealth Enterprise and Investment Council looks forward to extending its reach and impact within the East and Central African region. As a business network, we look forward to tapping into Equity Group’s extensive network within the region and the expertise of its leadership through Dr Mwangi to build connections and partnerships for the business community from the Commonwealth member nations within the local markets.”

The East and Central Africa hub will play a key role in facilitating opportunities for Commonwealth businesses, whilst helping businesses from the region gain access to international investors, partners and new export markets.

Speaking during the launch event, Dr James Mwangi, Equity Group Managing Director and CEO said, “I am honoured to take lead in championing the work of CWEIC in the region through Equity Group as CWEIC’s anchor partner. CWEIC is an important partner for Equity Group as by working together we can accelerate the growth of the region through tapping into its key strengths particularly in its natural resources. The Commonwealth has 56 member nations and the launch of the East and Central Africa Hub will allow MSMEs and other entrepreneurs to benefit from the common wealth and capital capacity of partners from the different member nations.”

 Dr Mwangi further noted that the partnership between Equity Group and CWEIC will ensure that East and Central Africa is at the forefront of the Commonwealth trade and investment agenda and promote the opportunities arising from the Africa Continental Free Trade Area (AfCFTA) agreement.

CWEIC was also honoured to welcome the Cabinet Secretary, Ministry of Industrialization, Trade and Enterprise Development, Hon. Moses Kuria to the launch event. Commenting on the launch he said: “The long-standing relationship between the Commonwealth and Kenya, as a member of the Commonwealth, provides strong foundations for immense potential for trade within the Commonwealth. We are also delighted that the anchor partner for the CWEIC is Equity Group and together they will work to drive trade and investment and provide space for the private sector to government dialogue.”

“CWEIC would like to thank Equity Group Holdings for all the continued support across our partnership, and especially for the support in launching the East and Central Africa Hub. We would also like to thank our Strategic Partners who attended the launch and wider programme of activities,” read a statement.