EA business environment declined last year

Business environment in East Africa has declined from what it was a year ago, a statement from the East African Business Council (EABC) has said.

According to the statement the overall business climate index in the region declined last year to 44 down from 51 points in 2007.

Charles Mbogori, the EABC Executive Director said in the statement released on Wednesday that although the private sector in East Africa had the capacity to grow and become globally competitive, that cannot happen without transformation of the current business environment.