Africa Community Emerging Markets Europe Headlines International

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 by Eurostat, which highlights the success story of a collaboration between both partners that contributes to the EAC’s economic development. According to Eurostat, the EU’s statistics authority, the volume of […]

Africa Features Headlines International Letters to the Editor Opinions

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 onerous visa requirements experienced by African airlines, regional legislators and a senior airline executive have complained. The East African Legislative Assembly (EALA) has recently called on EAC member state leaders […]

Africa Community Finance Headlines International

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 on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]

Africa Business Emerging Markets Europe International

EU-Kenya business forum: Ruto pushes for EU-EAC economic partnership deal

The first European Union-Kenya Business Forum concluded on Wednesday Feb.22 in capital, Nairobi, with Kenya’s William Ruto urging the EU to conclude economic partnership deal with the East African Community (EAC) regional bloc. The two-day forum brought together more than 500 participants including politicians, business executives, experts and diplomats. Ruto participated in the signing of […]

Africa Business Community International

Border barriers within EAC hamper its trade ambitions with Africa — AfDB report

Immigration restrictions between citizens of East African Community (EAC) member states could derail the efforts by the bloc to align with the continental free trade policies, according to new data prepared by the African Development Bank (AfDB). The report released by the AfDB and African Union Commission on Sunday shows that while the EAC is […]

Africa Finance Headlines International

EAC member states to postpone launching monetary union, single currency rollout

A special task-force has proposed to delay the implementation of the East African Monetary Union (EAMU) until 2031 from initial date of 2024, saying it is too soon considering members have not attained all requirements. The proposed delay is an indictment on the members’ commitment to achieve EAMU, a key pillar of integration. The EAMU […]

Africa Headlines International

Troops, M23 rebels clash in eastern DRC as East Africa bloc announces peace talks

Congolese troops and M23 rebels traded heavy fire in eastern Democratic Republic of Congo (DRC) on Monday (14 November), just as East African leaders a day earlier announced peace talks in a bid to stabilize the conflict-torn region. Government forces and the M23 militia were fighting in Kibumba, about 20 km north of the strategic […]

Africa International

DR Congo, EAC sign deal to deploy joint regional force to fight negative forces in the bloc’s new member

The East African Community (EAC) and the Democratic Republic of the Congo (DRC) signed an agreement last Friday for the deployment of an EAC joint regional force to fight negative forces in the bloc’s new member, Xinhua reported. EAC Secretary General, Peter Mathuki, and DRC’s Vice Prime Minister and Minister of Foreign Affairs, Christophe Lutundula […]