EAC

EAC private sector calls for common post-COVID-19 recovery strategy

Private sector bodies in East African Community (EAC) have recommended that partner states come up with a common Post COVID-19 recovery strategy for the region with a focus on intra-EAC trade and investments. This one of the 15 resolutions made by CEOs of Private Sector Federations from...

Friday, March 27, 2020 - 1:09pm

EAC could earn $1.8 billion from AfCFTA

The successful implementation of the African Continental Free Trade Area (AfCFTA) could help Eastern African countries reap $1.8 billion and revive the region’s intra trade, a new report from the UN Economic Commission for Africa (ECA) indicates. Andrew Mold, officer in charge of ECA...

Tuesday, March 10, 2020 - 12:24am

20th Jua Kali expo kicks off in Kigali

The 20th edition of the annual East African Community Micro, Small and Medium Enterprise (MSMEs) trade fair, officially known as Jua Kali/Nguvu Kazi Exhibition kicked off on Monday December 16, at Gikondo Expo Grounds in Kigali. The exhibition, held since 1999, aims to promote micro, small and...

Tuesday, December 17, 2019 - 12:22am

DR Congo bid to join EAC to be examined at next EAC Summit

Neighbouring DR Congo’s interest in joining the East African Community (EAC) will be discussed by regional leaders when they convene for their next Ordinary Summit early next year, the EAC Secretariat confirms. The 21st Ordinary Meeting of the EAC Heads of State Summit initially scheduled...

Friday, November 22, 2019 - 3:40pm

AfDB pledges to support $985m EAC 5th development strategy

The African Development Bank (AfDB) has pledged to support the East African Community (EAC)’s 5th Development Strategy, which requires US $985 million over a period of five years. This was reached at two days ago as the EAC Secretary General Amb. Liberat Mfumukeko met AfDB’s President...

Wednesday, February 20, 2019 - 8:58am

EAC, Germany sign $35m deal to support integration

Germany has given the East African Community (EAC) a grant of $35 million (about Rwf40 billion) to implement regional integration projects in the areas of health, regional economic integration and education. The EAC Secretary General, Libérat Mfumukeko, and the German Ambassador to the EAC, Detlef...

Wednesday, February 20, 2019 - 7:51am

East Africa mulls science, technology policy to improve competitiveness

  The East African Community (EAC) bloc is developing a regional Science, Technology and Innovation (STI) Policy to boost its competitiveness, officials said on Tuesday. Gertrude Ngabirano, Executive Secretary of the East African Science and Technology Commission (EASTECO), told a...

Wednesday, September 26, 2018 - 11:05pm

Could changes in East Africa’s tax regime spur growth?

Resolving the current economic and social problems facing East Africa requires a multi-faced approach, with a positive fiscal regime being one of the most important interventions. For local and international investors alike, committing to a country can only be desirable when it makes economic sense...

Monday, September 24, 2018 - 11:04pm

World Bank Group convenes stakeholders to deliberate financing EAC devt in Kigali

Business leaders, financiers and policymakers will today convene in Kigali to discuss ways to accelerate access to finance for investments in housing, agribusiness and tourism in East African Community (EAC) countries at the 2018 Development Finance Forum. The summit, organised by World Bank Group...

Tuesday, September 11, 2018 - 12:48am

Africa has no debt crisis: AfDB president

Akinwumi Adesina, president of the African Development Bank (AfDB), denied the alleged debt crisis in African countries during an interview on the sidelines of the Forum on China-Africa Cooperation (FOCAC), Beijing Summit. “Let me be very clear: Africa has absolutely no debt crisis,”...

Friday, September 7, 2018 - 10:20pm

East Africa gets easy money transfer system

An international money transfer company has launched an online service for East Africans to send and receive money more easily. Analysts say WorldRemit will lower the cost of transferring money and boost African trade and economies. Africa has become a thriving market for money transfer companies...

Friday, September 7, 2018 - 10:16pm

How East Africa can attract investment in priority sectors

This month’s Development Finance Forum is bringing together public and private sector leaders to talk about how we can drive more private finance in three sectors that are key to development in East Africa: agribusiness, housing finance and tourism.  The region’s leaders see these...

Wednesday, September 5, 2018 - 2:35am

EAC to engage youth in agriculture

The East African Community (EAC) looks forward to having success stories of the youth, who engage in agriculture for economic prosperity.   EAC Deputy Secretary General Christophe Bazivamo said having the successful youth would enable others to learn.   He was speaking in Dar es...

Friday, August 31, 2018 - 9:34pm

EAC attracting off-grid and mini-grid energy investors, experts say

Energy project developers and investors in the East African are upbeat about the opportunities that mini-grid and off-grid power projects. As the region plays catch-up in generation capacity, investors say that there are multiple opportunities as well as an attractive environment in the region to...

Thursday, August 30, 2018 - 9:41am

EAC and its organs should take safety seriously

Early at the beginning of the year, members of the East African Legislative Assembly (EALA) conducted on-the-spot inspections of East African Community (EAC) projects, organs and facilities along the two trade corridors; Northern and Central. The aim of the tour was to identify bottlenecks to the...

Wednesday, August 22, 2018 - 10:56am

EAC prosecutors move towards curbing poaching

If the efforts that prosecutors from the East African region are vowing to put together are anything to go by, the days of poachers tracking and killing the bloc’s wild animals are numbered. While speaking to journalists on the sidelines of a workshop yesterday in Kigali where prosecutors...

Wednesday, August 15, 2018 - 1:22am

UN urges EAC to liberalise trade services to spur manufacturing sector

The United Nations Economic Commission for Africa (UNECA) on Monday urged the East African Community (EAC) to liberalise trade in professional services in order to spur growth of the manufacturing sector. Stephen Karingi, the Director of Capacity Development Division at UNECA, told Xinhua in...

Friday, August 10, 2018 - 8:53am

Swiss’ Fracht Group launches logistics operations Rwanda

Swiss firm Fracht Group has opened a logistics services in Rwanda that will accommodate its main operations for the East African Region. The company, which was founded in 1955 in Switzerland, currently has over 1,250 employees in 34 countries with 93. The company works to provide innovative,...

Monday, August 6, 2018 - 1:27am

The East Africa shilling…or by any other name?

While browsing the web during a recent visit with an elderly relative, we came upon a picture of a 1937 issue of the East Africa Shilling coin. We remarked on its mint condition and how, jumping at you from the screen, almost tactile the image appeared. It was among the succession of currencies in...

Saturday, August 4, 2018 - 12:53am

EAC mobilises resources for clean energy projects

The East African Community (EAC) is mobilising funds for renewable energy projects which can lead to the reduction of firewood and charcoal use by 50 per cent. The new drive would start with formulation of the Regional Renewable Energy Master plan alongside with energy efficiency and conservation...

Thursday, August 2, 2018 - 11:27pm

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