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Tag: EAC
EAC’s expansion to Ethiopia, Djibouti might be potentially beneficial for economic growth, but might jeopardize bloc’s cohesion, experts warn
The East African Community (EAC) is considering the admission of Ethiopia and Djibouti into the bloc following the joining of Somalia, but experts warn regional ... Read More
East Africa’s planned railway gets boost as four EAC states join the Kenya-Uganda project
Four East African Community (EAC) member states — Rwanda, Burundi, Democratic Republic of Congo (DRC) and South Sudan — have joined the joint project by ... Read More
Burundi shuts down Rwanda border, suspends diplomatic ties amid rising tensions
Relations between Burundi and Rwanda have taken another downturn after the former announced on Thursday (18 January) that it had suspended diplomatic ties with its ... Read More
East African Community to benefit from Somalia’s entry and DRC president’s re-election
Somalia’s entry into the East African Community (EAC) and the re-election of the Congolese president are likely to provide an important impetus to the financial ... Read More
Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea
East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen's Houthi rebels step up attacks on ships ... Read More
Somalia formally joins East Asian Community but enormous security challenges remain
Somalia has finally been admitted to the East African Community (EAC) as its eighth member, thirteen years after its original application to join, as the ... Read More
EAC trade hampered by NTBs, lack of credit and dollar scarcity — EABC report
Difficulties in securing foreign currencies and lack of affordable credit in the wake of rising interest rates are major challenges facing traders in the East ... Read More
EAC’s strategic partnership with EU helps boost its agri-exports to bloc
The East African Community (EAC) last year exported agri-food products worth a staggering 2.16 billion Euros to the European Union, according to a recent report ... Read More
Air travel in EAC region should be made more affordable for citizens
The cost of air travel within the East African Community (EAC) region is still very high, which is also due to high operating costs and ... Read More
EAC nations to bolster their economies with bigger budgets for 2023/2024
East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends ... Read More