East African Community Lake Victoria Basin Commission 1st LAKE VICTORIA BASIN INVESTMENT FORUM LESSONS LEARNT AND THEIR APPLICABILITY TO LAKE TANGANYIKA BASIN Dr. Canisius Kanangire, Executive Secretary East African Community Lake Victoria Basin Commission

MORPHOMETRIC DATA FOR LVB Million at beach level), Foreign exchange ~ US $ 250 million Major water transport linkage for the landlocked Uganda, Kagera

LVB IN THE CONTEXT OF Nile Basin Syst

MORPHOMETRY OF LAKE TANGANYIKA LAKE TANGANYIKA BASIN MORPHOMETRY OF LAKE TANGANYIKA Lake surface (Kmsq) 32,000 Catchment Area (Kmsq) 263,000 Average Depth of the Lake (m) 570 m Maximum Depth 1,470 m

AREAS OF COMMONALITIES BETWEEN THE TWO BASINS An important transboundary resource It is the second largest in Africa, and second deepest freshwater lake in the world, Tourist attraction and rich biodiversity fishery is an important industry, with wide varieties of fish species for consumption and aesthetic purposes

INVESTMENT POTENTIALS IN MARITIME TRANSPORT LV linked to road, railway and several airports LVBC focusing on: Updating of navigation routes (bathymetry) Installation of aids to navigation Communication Safety for LV Lake Victoria Transport Act (2007) and Regulations (2010) These are key in creating an enabling environment for investment in the LVB

INVESTMENT POTENTIALS IN TOURISM AND LEISURE LVB hosts most important tourism destination in the world Lake itself is a major tourism attraction Potential for land – water tourism inter-phasing Factors to consider: Establishing a regional tourism circuit EA as a single tourism destination One visa for tourists Security

INVESTMENT IN FISH AND FISHERIES RESOURCES LV & LT both have huge potentials for fisheries LV main producer of fish for export in EAC LV fisheries accounts for over USD 400million Some factors to consider: Sustainable fisheries Value addition (reduces post harvest losses, processing and storage) Conservation of endemic species Aesthetic aquaculture and trade Promote aquaculture

INVESTMENT IN AGRICULTURE Land use should be based on land suitability mapping This will improve land productivity with minimal environmental degradation Focus on: Agro-processing Value addition Diversification Improved agricultural methods Sustainable Land Management

INVESTMENT ENVIRONMENT REQUIRED Comprehensive studies and integrated plans Production/availability of reasonable energy ICT Harmonized policies, laws and standards Capacity building through vocational training Support to investment led research in particular new areas such as: Mining Oil Endemic species

CONCLUSION East Africa remains a rapidly growing economy, in the middle of the strongest economic recovery in over 40 years. However, in the Lake Victoria Basin like in the Lake Tanganyika Basin, investment rates are low, productivity gains are insufficient, incentives for innovation are inadequate and returns on investment are not sufficiently predictable.

CONCLUSION With the coming into effect of the East African Common Market, harmonisation of business laws, systems and administrative structures, the EAC Partner States aim to enhance more trade and investment among themselves and internationally The Lake Tanganyika Development Conference like the LVBIF will serve to create awareness on opportunities to Basin actors and some development Partners However, more needs to be done to share the same with the investing publics both locally and internationally

WAY FORWARD Need to map sector specific investors Engage key investors with bankable investment profiles/plans Increased collaboration and partnership between LVBC and LTA in joint investment promotion.

THANK YOU ASANTE SANA