Browsing: EAC

The East African Community (EAC) has acquired an $11 million funding from European Union (EU) to combat insecurity within the regional and cross border spheres.

The funding came to light yesterday in Arusha-Tanzania, whereby it targets to fuel a 45-month programme on regional response to the growing security threats in the bloc with six nations—and with the fastest growing economies in the continent.

EAC secretary general Ambassador Liberat Mfumukeko launched the joint programme with the EU ambassador to Tanzania, Mr Manfredo Fanti. The Ambassador heralded the long-standing partnership between the EAC and EU in peace and security sector which is a key player to the integration process in East Africa.

The programme is rather vital to the bloc’s strategies to propel further their $193 billion combined Gross Domestic Products (GDP), which include importation and exportation of goods and services occurring via borders in the region.

According to The Citizen, the …

Commissioning of an Agricultural Trade Information System (ATMIS) in the country will spur rapid growth of the economy as farmers, agro-dealers, regulators and consumers interact easily online.

TradeMark East Africa`s (TMEA) Country Director, John Ulanga said ATMIS is a powerful digital platform that brings together all agriculture stakeholders including experts in the field and markets for commodities.

`Digitization of the agriculture sector will contribute towards rapid economic growth in the East African region because it will provide access of our commodities to the regional market,` Ulanga said while opening training of stakeholders on the how to use ATMIS in Dar es Salaam last week.

He said among other things, the platform will be used by Ministry of Agriculture and Cooperatives to issue permits for various goods and services but also allow farmers and agro dealers pay fees and commission online.

Ulanga further noted that TMEA has invested in the development…

A visiting renowned German scholar has cautioned Tanzania not to  sign an Economic Partnership Agreement (EPA) trade pact with the European Union (EU), saying the deal is rhymed against the country`s aspiration of becoming an industrial economy.

Addressing reporters in the capital, Dar es Salaam on 15^th April, 2019, Helmut Asche who is Professor of Economics, Politics and African studies at the University of Leipzig said as a country set to build industries and export produce, Tanzania should not sign deals that flood its market with imports.

The EPA is an anticipated trade deal between the East African Community (EAC) and the EU which gives EAC products total access to the EU market, with 82.6 per cent of imports from the EU allowed on the EAC market.

Professor Asche warned African countries against signing EPA because the arrangement does not favour their economies. He further said that Tanzania in …