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Article: Eastern Africa: Kenya still heavyweight champion.(Africa's Top 200 companies)
- Article from:
- African Business
- Article date:
- April 1, 2007
CopyrightCOPYRIGHT 2007 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the East African Community (EAC) begins to take shape, there has been a great deal of discussion on how Tanzanian and Ugandan companies have begun to close the gap on their Kenyan counterparts.
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There were a number of reasons for the collapse of the previous incarnation of the EAC in the 1970s, but one of the most important factors was the overwhelming domination of the Kenyan economy and companies. It was felt that the removal of all customs barriers would merely enable Kenyan firms to steamroller Tanzanian and Ugandan markets.
Many analysts now point to much higher growth in Tanzania and Uganda than in Kenya over the ...