East African Community


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East African Community

An international organization that seeks economic and political integration for member states. Originally established in 1967, it fell apart some years later and was re-established in 2000. It became a free trade zone for members. In 2010, it founded a common market for all goods and services across the borders of member states. It is in the process of establishing a single currency as well. Its members are Burundi, Kenya, Rwanda, Tanzania and Uganda.
References in periodicals archive ?
The economic union's leaders expect that swapping five different currencies and exchange rates for a single one will ultimately simplify cross-border trade in the East African Community (EAC) and encourage investment.
The East African Community (EAC) is the regional intergovernmental organization of the Republics of Burundi, Kenya, Rwanda, Uganda, the United Republic of Tanzania and the Republic of South Sudan.
JUST POLITICS"Adan Mohamed (East African Community and Regional Development Cabinet Secretary) and EALA MP Simon Mbugua issued these remarks on Monday, during their induction at the English Point Marina in Mombasa.
In a speech delivered at the 19th Ordinary East African Community Heads of State Summit in Kampala, on February.
The slim IMF report assesses the primary fiscal risks facing the East African Community partner countries, identifying possible shocks to the key underlying macroeconomic assumptions and the potential risks posed by public enterprises, large infrastructure projects, PPPs, and pension funds.
The meeting was attended by representatives from the African Union Commission (AUC) , NEPAD Agency (NPCA), United Nations Economic Commission for Africa (UNECA), Southern African Development Community (SADC), Economic Community of Central Africa States (ECCAS), Economic Community of West African States (ECOWAS), East African Community (EAC), Inter-Governmental Authority on Development (IGAD), East Africa Communications Organizations (EACO) and the Communications Regulatory Association of Southern Africa (CRASA).
The central banks of the East African community are debating the creation of a deposit insurance scheme that would cover all depositors in financial institutions.
At the end of September, the East African Community, the Common Market for East and Southern Africa, the Southern Africa Development Authority and the Inter-Governmental Authority on Development met to find ways to accomplish infrastructure projects on the continent.
The report, Doing Business in the East African Community 2011 , draws on data from the annual global Doing Business study and takes a detailed look at business regulations in Burundi, Kenya, Rwanda, Tanzania, and Uganda.
Synopsis: Services, capital, and labor should move more freely when the East African Community (EAC) common market opens Thursday, but people will still need permits to work in most of the five partner states.
Awil Hussein cofounded the East African Community Advice and Support Bureau in Birmingham, to provide advice and support to members of the Somali community.
She took a wide variety of challenges to receive her award, including fundraising for the charity Send a Cow to send livestock out to an East African community, gaining her Grade 7 piano, and working with mentally disabled adults in France.

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