Dated: 20-11-2012 06:00:00
The Indian Ocean Rim boasts of 2.6 billion people
with ports that handle 30% of global trade and 50% of global container
traffic. The IREN 10th Africa Resource Bank Meeting
discussed the Indian Ocean's resurgent economic, energy, cultural and
military importance for Africa's development.
Led by Hon. Zaddock M. Syong'oh, Senior Policy
Advisor from Kenya's Ministry of Affairs, participants drawn from Kenya,
Uganda, Tanzania and Somalia explored ways of how regional integration
can serve as an effective tool to prepare Africa to effectively tap into
the benefits from the ongoing reorganization in the Indian Ocean Rim.
Hon. Syong'oh's presentation focused on regional integration and its
implications for value chain propositions for Western Indian Ocean Rim
Participants assessed the Eastern Africa's level of
preparedness to manage its new found wealth; evaluated the
transformative aspects of the region's global value proposition and
analyzed the socio-political and economic threats and opportunities for
the region. The Africa Resource Bank Meeting is one of IREN's key forums
that targets policy makers, business leaders, media, industry players
and academia for annual brainstorming on topical issues that affect
Africa. This event was financially supported by the Friedrich Naumann
Foundation - Africa.
The Inter Region Economic Network (IREN) will publish
the outcomes of this forum in a policy brief for African government
policy makers and interested audience.
Mr. Kajuba Michael Wesonga, MD, Sustainable Environment Management Consult Ltd; Uganda
Ms. Wanjiku Manyara, MD, Petroleum Institute of East Africa, Kenya
Hon. Zaddock Syong’oh; Senior Policy Advisor Ministry of Foreign Affairs; Kenya
Mr James Shikwati. Director, Inter Region Economic Network