RELATION
- Introduce potential investors to the local investment environment and opportunities. Also to provide “One-Stop Service”: information enquiries – project assessment – company registration assistance provided by IDCA’s notary – guidance on administrative procedures concerned with license applications – project follow-ups – assistance in the implementation of projects
- We strive to provide an excellent service in terms of quality of work trade, economic, statistical, general information and market analysis to assist clients in exploring the market and the development of their business
- To organise, co-organise exhibitions and other promotional events locally, to participate in such events held outside East-Africa and to sponsor local enterprises participation in such events, as a way to create trade opportunities
- To organise local economic delegations to search business opportunities, welcome visits by delegations to East-Africa, in order to create channels for exchange and co-operation
- Responsible for the issuing of licenses, technical assistance and supervision for non-financial offshore institutions. To promote local offshore development with various activities
- To evaluate applications for local residence by investors, company managers and professionals.
- Editing and publishing of trade and economic magazines, to promote East-African business environment.
PROMOTION
WHY DO COUNTRIES TRADE?
Our purpose: Promote the Trade Relations between East-Africa and the World.
We promote trade and business between the world’s largest trading bloc, the EU, and Africa (the next China) by organizing trade missions, business symposia, and trade exhibitions.
We engage in trade through imports/exports and distribution of commodities between the EU and Africa, as well as Asia and East and Central Europe.
Serve & Empower; We serve clients between the two geographical regions by providing advisory services, including international consulting, market research, and corporate governance advisory. In addition, we empower local African farmers and producers through training programs, access to finances and technology, and access to international markets through import and export.
We provide excellent client service through our local market specialists who speak the local language and understand these local markets best. Moreover, we integrate with import & export practices of various trading partners in strategic regions of the world where we are located. We strive to serve our clients with the highest proficiency by taking an extra mile in exceeding their expectations and help them identify and develop new markets for their products abroad. Our product targets and regional market mappings are based on thorough research and grounded know-how to give us an edge over competitors both in the short term and the long term.
Our corporate social responsibilities set us apart. Even as a young company, we endeavour to engage the local community through empowerment programs to create synergy with the local farmers and producers of our products portfolio. We empower local farmers and small-scale producers from Africa by providing access to modern farming equipment, technology, finance and access to international markets by buying their local products for our international clients. We also take pride in providing free short workshops about Africa’s Investment opportunities in collaboration with our partners.
At I.D.C.A, we are committed to promote the trade relations with the world – with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration.
The objectives of our Agency are to promote external trade, to attract foreign investment and to develop trade and economic relationships between East-Africa and the rest of the world, by increasing mutual understanding and promoting economic co-operation. We strive to serve business communities, both local and overseas by providing service and technical assistance. We also actively promote East-Africa and its business environment to overseas investors in order to strengthen trade and economic co-operation in all areas and to promote trade relation and investment in the Territory.
Every business needs an effective and economical marketing tool to promote and increase their market share. Increasing market share in today’s fast changing commercial environment is the primary objective of every business.
With over 136 million consumers, East-Africa presents unlimited opportunities for foreign companies. With IDCA we provide a perfect platform to discover hidden and surprising opportunities available in East-Africa. Companies of all sizes are invited to advertise their products and services with us. Establish and expand your brand in the fastest growing market. IDCA is the right gateway to enter and expand your export partners in East-Africa.
WHY DO COUNTRIES TRADE?
Because countries have different natural, human, and capital resources and different ways of combining different resources, they are not equally efficient at producing the goods and services that their residents demand. The decision to produce any good or service has an opportunity cost, which is the amount of another good or service that might otherwise have been produced. Given a choice of producing one good or another, it is more efficient to produce the good with the lower opportunity cost, using the increased production of that good to trade for the good with the higher opportunity cost.
When a country can produce more of a good with the same resources that another country can, it is said to have an absolute advantage in the production of that good. If the second country has an absolute advantage in producing a good that the first country wants, both will be better off if they specialise and trade.
But trade is usually beneficial to both countries even if one has an absolute advantage in the production of both goods that are to be traded. Given any two products, a nation has a comparative advantage in the product with the lower opportunity cost. The terms of trade must be such that both countries lower the opportunity costs of the goods they are getting from the trade.
World trade is not static. It has been increasing both in amount and in significance. New supplies of natural resources can be discovered and developed while existing supplies are better managed. Human resources can be improved through better educational programs. Capital resources can be acquired to make the better trained workers even more productive. The increase in world trade should result in more efficient use of the world’s scarce resources, and in higher standards of living.