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Crimson Capital News Details

May, 2009

Launch of the USAID-funded COMPETE Program

Crimson Capital is part of a Chemonics-led consortium recently awarded the Competiveness and Trade Expansion (COMPETE) project for East and Central Africa. The goal of the COMPETE project is to enhance economic growth and food security in East and Central Africa (ECA) by stimulating increased trade and competitiveness. This will be achieved through increased integration and reduced barriers to regional and international trade; increased competiveness and trade on select regional value chains; and increased trade between the US and ECA; and increased capacity of ECA countries to engage in multi-lateral trade negotiations.

Crimson supports the efforts of the COMPETE project by providing expertise to promote policies and regulations that enable private sector investment and trade and by building local capital market capacity to finance infrastructure projects and trade. In addition to the work of Crimson short-term advisors, the long-term COMPETE Finance Advisor is a Crimson expert, based at project office headquarters in Nairobi, Kenya.