Browsing: East African Community

The United Kingdom wants to enter into a trade pact with the East African Community member countries.

The United Kingdom which is into a one-year transition phase after it left the European Union, is keen on having long-term and sustainable trade ties with the EAC region.

During the one-year transition period set to end on December 31, the UK- EAC trade engagement will be under European Union protocol where most regional countries apply to Everything But Arms treaty.
UK High Commissioner to Rwanda, Jo Lomas, said that they are looking to negotiating a trade deal somewhat similar to EAC’s Economic Partnership Agreement with the European Union.

“We are looking to have a trade deal with the EAC, along the lines of what was agreed upon by the EU. Ultimately, we would like to be negotiating something more ambitious but we are keen not to disrupt trade,” she said.

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The East African Community has for long earmarked the linking of partner countries through roads. One of this link is the link road that connects the coastal towns of Mombasa and Tanga, touching the lives of thousands of commuters and transporting goods and services worth millions.

Recently, the EAC announced that it has increased its funding for key projects from various donors among the Africa Development Bank (AfDB), which has now approved this project.

The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank and African Development Fund loans and represents 78.5% of the total €399.7 million project cost.  The European Union contributed a grant of €30 million, 7.7% of the total project cost, to the government of Kenya.

The road is a key component of the East African transport corridors network, connecting Kenya and Tanzania. Producers, manufacturers and traders …

Never in the history of the East African community has there been more funding than now, with the current funding for various social and infrastructural projects reaching US$3 Billion. Most of these funds have gone into inter-states projects as well as projects within a state having a regional impact.

The community has been able to achieve a tenfold increase in grants while still reducing internal expenses and costs by over 40 percent in the last four years.

Documents at our hands show that the EAC has been able to sign projects with different development agencies including Africa Development Bank, USAID, China, EU and Bill and Melinda Gates Foundation worth $547,454, 168.

These documents seem to agree with Amb Libérat Mfumukeko who has been pushing for an effective secretariat that is able to raise financing on key projects while at the same time cutting on costs. This, he has argued in …

Welcome to Jack’s world. Jack is a photographer based in Dar-es-Salaam who recently set up a sole proprietorship.

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Jack is not alone. East Africa is burgeoning with small businesses that are formalizing. With this formalization – setting up a company, relentless selling, and paying taxes – comes a heavy investment in time and a meticulous focus on prioritizing what matters most on any given day.

A popular misconception is that it’s easier today for small businesses to grow due to the plethora of digital marketing tools available.

From automatic logo generators and photo editors to website builders and social media schedulers, business owners are able to get things done faster. But this …