Search Results for: integration

August 7, 2014

TANZANIA NOW ALLOWS FREE FLOW OF CAPITAL FOR EAC

Tanzania will now allow East Africans to freely move capital in and out of the country — a move that is expected to increase cross-border investment and deepen economic integration. The IMF in its latest disclosure on the Tanzanian economy said that the country had informed it that it had opened its capital account to […]

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August 7, 2014

TRADERS TO REPORT REGIONAL BARRIERS

The ministry of Trade, Industry and Cooperatives (MTIC) has commissioned the Non-Tariff Barriers (NTB) reporting system, where traders will report any problem along the different regional trade corridors through a mobile phone and via email. The new system is designed to be used by anyone with a mobile phone connected to the four telecommunication companies’ […]

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August 7, 2014

BORDER GRAFT SPOTLIGHTED

Limiting corruption is a vital part of lowering costs of doing business in the East African Community.     The issue came up during a meeting of the EAC Regional Programme for Sensitization of Border Communities at Rusumo, a border town between Tanzania and Rwanda. ‘Corruption within the Immigration and Customs departments is one of […]

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July 25, 2014

EAC NEEDS TO DIVERSIFY FINANCING MECHANISMS

The Treaty establishing the EAC provides that; “The budget of the Community shall be funded by equal contributions by the Partner States and receipts from regional and international donations and any other sources as may be determined by the Council.” Currently, the budget of the regional bloc (excluding assistance from development partners) is shared equally […]

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July 25, 2014

SOUTH SUDAN REITERATES RESOLVE TO JOIN EAC

AN East African Community (EAC) high level delegation in Juba, South Sudan, has been assured that the current conflict in some parts of the country will soon be sorted out. South Sudan Vice-President, Mr James Wani Igga, affirmed that Jubans would soon resume their normal lives and enjoy the fruits of an independent nation. A […]

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July 25, 2014

EAST AFRICA KEEN TO AVOID EUROZONE MONETARY CRISIS

EAST African Community (EAC) member states are hopeful their envisaged monetary union will not experience problems that befell the Eurozone, as they will establish an early warning system and a stabilization facility to ensure economic resilience in partner states. The EAC member states are set to establish a monetary union over a period of ten […]

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July 25, 2014

NON-TARIFF BARRIERS WEAKEN INTEGRATION

Non-tariff barriers or NTBs are the most difficult hurdles to leap over and get rid of when talking about free trade. Recently there have been claims that the region is still beset by a host of NTBs. For the East African Community (EAC) countries bent on deeper economic integration, NTBs will always be the spanner […]

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July 25, 2014

TANZANIA SIGNS EAC PACT FIRST

The government has said that Tanzania’s ratification of the East African Community (EAC) Monetary Union Protocol on June 25th 2014 demonstrates that the country is not a stumbling block to regional integration. The Deputy Minister for East African Cooperation Hon. Dr Abdulla Saadalla said in Dodoma recently that Tanzania became the first country to endorse […]

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July 25, 2014

COW NOW SETS SGR CONTRACT SIGNING DEADLINE

The Coalition of the Willing has set August 30 as the deadline a memorandum of understanding with engineering, procurement and construction contractors should be signed to pave the way for the construction of the standard gauge railway line (SGR). Kenya, Uganda, Rwanda, Burundi, Ethiopia and South Sudan agreed during the recent Ministerial Meeting of the […]

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July 25, 2014

EAST AFRICAN CITIZENS HARMONISE PAYMENTS SYSTEM

East African Community partner states-Tanzania, Kenya, Uganda, Burundi and Rwanda have recently agreed to implement a regional payment system that will settle across border payments from the EAC on real time. Speaking to the Guardian in an exclusive interview at the Bank of Tanzania’s pavilion (BOT) during the just ended 38th Dar es Salaam International […]

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