Search Results for: common-market

November 1, 2016

EAC common market scorecard launched

The East Africa Community member states failure to fully comply with the Common Market Protocol is hindering trade liberalisation in the region, a report shows. However, EAC deputy secretary general for finance and administration, Jesca Eriyo, said reforms undertaken since 2014 have reduced the number of non-conforming measures to 59 in 2016, down from 63 […]

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October 31, 2016

EAC yet to fully implement common market protocols

A new report by the EAC secretariat shows that the East African partner states are still lagging behind in the process of implementing the Common Market Protocol. TEA GRAPHIC |   NATIONA MEDIA GROUP IN SUMMARY This was blamed on failure by individual states to lift legal barriers like recognition of business certificates from each […]

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October 31, 2016

EAC yet to fully implement common market protocols

IN SUMMARY This was blamed on failure by individual states to lift legal barriers like recognition of business certificates from each other and double taxation. The protocol was signed on November 20, 2009 and came into force on July 1, 2010. Efforts to freely offer cross-border services were slowed down by at least 63 non-conforming […]

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February 25, 2015

Tanzania’s EAC Common Market Protocol to make history on the African continent

“While implementation of the EAC Common Market Protocol which would pave way for a monetary union and make history on the African continent, the Common Market Protocol is still lagging,” stated the Tanzanian Head of State. President Kikwete made the statement in his acceptance speech after taking over the chairmanship of the East African Heads […]

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February 16, 2015

Call to fully enable common market protocol

EMPLOYERS and the trade union fraternity in Kenya, Rwanda, Uganda, Burundi and Tanzania want the Arusha-based East African Community (EAC) to speedily and fully implement the Common Market Protocol. The East African Trade Union Confederation (EATUC) and the East African Employers Association (EAEO) are taking the issue a notch higher by calling for the removal […]

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October 29, 2014

Kenya cautioned on East African Community monetary union

NAIROBI, KENYA: A parliamentary committee has proposed constitutional amendments to enable the proposed East African Community Monetary Union ( EAMU) work. In its October report, the committee on Regional Integration states that there would be need to amend the Constitution of Kenya to conform to the provisions of the EAMU protocol by the year 2021. […]

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October 28, 2014

EAC ministerial meeting opens in Kigali to review integratgion

The 21st Meeting of the Sectoral Council of Ministers responsible for East African Community (EAC) Affairs and Planning (SCMEACP) is currently underway in Kigali, Rwanda. The meeting is being held through the session of Senior officials from October 27 to 29; the session of Permanent/Principal Secretaries from October 29 to 30; and the Ministerial session […]

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October 28, 2014

Three blocs finalise plan for Africa’s biggest free trade area

A committee of ministers from three trade blocs covering East and Southern Africa has agreed on a common free trade area, which will be officially announced in mid-December. The tripartite FTA will bring together the East African Community, Common Market for Eastern and Southern Africa and the Southern African Development Community, forming the largest trade […]

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October 28, 2014

House committee approves EAC common currency

A key parliamentary committee has endorsed the protocol laying the foundation for a monetary union that will see the five East African countries converge their currencies and increase commerce. The Committee on Regional Integration last week permitted the protocol, which was signed last year by the leaders of the five countries, and is asking Parliament […]

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October 28, 2014

African regional blocs meet over free trade area

BUJUMBURA, Oct. 25 (Xinhua) — Delegates from 26 countries of three regional African economic blocs on Friday began a two-day meeting here to spearhead the African Free Trade Area (FTA). The regional bodies are the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC). […]

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