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Thursday, 15 January 2015

New EABC Code of Condust to Boost Regional Trade

The East African Business Council (EABC) is in the process of developing a code of conduct and ethics for businesses aimed at boosting trade in the region. This will be promoted within the business community in the EAC Partner States and is expected to guide the private sector in provision and acquisition of services across the region, Andrew Luzze, the Executive Director East African Business Council, has said. The new code of conduct is expected to be ready by April 2015. "The Code seeks to incorporate key themes that are internationally recognised as basic principles for responsible global citizenship for any business," he added.

EABC will also organise training for Staff of companies that sign up to the Code to help coordinate business activities including organising the launch of the code of conduct at EAC level by April 2015. "As a regional private sector lobby and advocacy body, EABC's success depends on its reputation, integrity and transparency. Both regionally and globally, a clear business case has repeatedly been underscored for businesses to behave in a manner that promotes ethical business practices, transparency and fair competition in the private and public sectors; for the benefit of their companies; the economy, the citizenry and the environment." Luzze noted. According to Fiona Uwera, the East African Business Council (EABC) technical liaison officer for Rwanda, the Code of Conduct/Ethics shall ensure compliance with legal requirements and standards of business conduct.

Source: allafrica.com