Date: 28-30 June 2022
United Nations Complex, Gigiri
The AmCham Business Summit is a strategic platform for strengthening two-way trade and investment between the U.S. and East Africa. By unleashing the power of private enterprise in driving long-term economic ties, enhancing trade and promoting investment, the Summit aims to expand commercial opportunities and markets for U.S. and East African businesses.
WHY ATTEND
The AmCham Business Summit is designed to enhance business-to-business and business-to-government engagement. Featuring high-level sector focused forums, networking sessions and so much more, the summit presents exciting possibilities to meet your business objectives.
High-level, high impact sessions strategically timed for maximum engagement. Time zone compatibility – EAC and USA (streaming and on-demand options available for both). Maximum flexibility with on-demand program for virtual audience.
THEME: RESILIENCE AND REINVENTION
From protecting their workforces, to rethinking strategy, to preserving revenues and seeking relief to ensure stability, the private sector and indeed Governments acted in the face of the ongoing global pandemic. While the impacts of the public health and economic crisis have affected every industry differently, leading to unexpected surges for some and steep declines in demand for others – there has been a common purpose in response; A desire not just for a return to the previous normal but for a revitalization.
The AmCham Business Summit offers a prime platform for key public and private sector stakeholders to reflect on not only how the region has demonstrated resilience during the global pandemic but also assess how these lessons can be carried forward towards the realization of revitalized growth, new opportunities and innovation, built on a firm commercial partnership ensuring sustainable growth and prosperity for all.
EAST AFRICA – THE FASTEST GROWING REGION IN AFRICA
Growth in East Africa has been spurred by strong growth in Kenya, Rwanda, South Sudan, Ethiopia, Tanzania, Uganda, and Djibouti. East Africa has been the fastest growing region in Africa, although the region’s real GDP growth slipped marginally from 5.2 percent in 2018 to 5 percent in 2019. Pre-COVID-19 projections showed the region’s real GDP growth recovering slightly to 5.1 and 5.4 percent in 2020 and 2021, respectively. The region’s growth has been driven by strong public spending in infrastructure, rising domestic demand, the benefits of improved stability, new investment opportunities and incentives for industrial development across countries
Despite COVID-19 Pandemic Disruptions East Africa Remains The Fastest-Growing Region In Africa, And By Global Standards Has Proven To Be Relevantly Resilient.
Thanks to less reliance on primary commodities and greater diversification the EAC has enjoyed 5.3 per- cent growth in 2019 and an estimated 0.7 percent growth in 2020. In 2021, growth of real GDP is projected at 3.0 percent, and in 2022, 5.6 per- cent2. The top performers from 2021 IMF Projections would be Kenya (7.6%), Rwanda (5.7%) and South Sudan (5.3%)3. As reported by UNECA and TMEA4, notwithstanding the depth of the economic crisis precipitated by the COVID-19 pandemic, since May 2020 intra-regional trade in East Africa has shown significant resilience with a notable positive correlation with measures put in place to protect transport corridors from severe disruptions. Amidst the optimistic outlook of the region, it is still prawn to vulnerabilities – new virus variants, fiscal strain, delayed pandemic impact, social and political unrest.
The summit offers a prime platform for key public and private sector stakeholders to reflect on how the region has managed to show resilience during the global pandemic and assess how these lessons can be carried forward.
Please register here.