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Browsing: Somalia Trade Opportunities
- As the eighth member of the EAC, Somalia opens a new chapter in East Africa’s collaborative growth story.
- This move is aimed at reviving Somalia’s economy ravaged by years of conflict, promises mutual benefits for both Mogadishu and the EAC members.
- Somalia’s extensive coastline, spanning over 3,000km, is a gateway to offshore resources like oil and gas.
The recent admission of Somalia into the East African Community (EAC) marks a significant milestone in the region’s economic landscape. As the eighth member of the EAC, joining Burundi, the Democratic Republic of Congo, Kenya, Rwanda, South Sudan, Tanzania, and Uganda, Somalia opens a new chapter in East Africa’s collaborative growth story.
Somalia’s entry into the EAC, a region with nearly 300 million people and a unified market since 2010, is not just a mere expansion of the bloc but a strategic addition with far-reaching implications. This move, aimed at reviving Somalia’s economy …