East African Community Headquarters, Arusha, Tanzania, 1st November, 2023: The East African Community Competition Authority (the EACCA) has signed a Memorandum of Understanding (MoU) with Tanzania’s Fair Competition Commission (FCC) aimed at strengthening cooperation between the two authorities in the advancement of competition policy and law in the East African Community (EAC).
The MoU signed in Arusha, Tanzania will also ensure that the implementation of EACCA and FCC mandates and activities enhance regional integration and facilitate cross-border trade.The MoU sets out modalities through which the two institutions will cooperate and coordinate their activities in regard to cross-border competition and consumer protection matters in the region.
East African Community Headquarters, Arusha, Tanzania, 3th October ,2023: The East African Community (EAC) and European Union (EU) formally launched the second phase of the EU-EAC Market Access Upgrade Programme (MARKUP II) in Arusha, Tanzania.
A €40 million regional programme funded by the EU is set to unlock the full potential of agribusinesses within the EAC.
Implemented by the International Trade Centre (ITC) in collaboration with the EAC Secretariat, MARKUP II will strengthen EAC’s small businesses through enhanced regional and international trade in close partnership with the East African Business Council, EAC Partner States, business support organizations, and local institutions.
East African Community Headquarters, Arusha, 26th August, 2023: The East African Community Competition Authority (EACCA) organized capacity building workshops on regional competition policy aimed at integrating various stakeholders in the Democratic Republic of Congo (DRC) into the EAC.
The Deputy Prime Minister (DPM) in charge of the National Economy, Hon. Vital Kamerhe, received the delegation from EACCA led by the Registrar, Ms. Lilian Kajuju Mukoronia.
Hon. Kamerhe said that the interests and destinies of African countries are interlinked hence the need to work for cooperation in order to promote economic development for all countries even as he affirmed that the Competition policy was important as it creates a conducive environment for investors in the Community.
East African Community Secretariat, Arusha, Tanzania, 15th August, 2023: The East African Community (EAC) Secretary General, Hon. (Dr.) Peter Mathuki, hosted the President of the American Chinese CEO Society, Mr. Robert Sun, for a discussion on investment opportunities in all EAC Partner States.
The two leaders discussed the EAC's plans to host the Africa and China - US Business Summit in 2024. The Summit is expected to attract over 500 CEOs and investors from China and the United States seeking investment opportunities in the EAC.
East African Community Headquarters, Arusha, Tanzania, 6th June, 2023:East African Community Partner States resolved a total of 10 Non-Tariff Barriers (NTBs) as four (4) new ones emerged.
The 42nd Meeting of the Sectoral Council of Ministers on Trade, Industry, Finance and Investment (SCTIFI) that was held at the EAC Headquarters in Arusha, Tanzania was informed that eight (8) NTBs remained outstanding and were at different levels of resolution.
The Ministerial Session of the 42nd SCTIFI that was chaired by Burundi’s Minister of Trade, Transport, Industry and Tourism, Hon. Marie Chantal Nijimbere, consequently directed Partner States to resolve all outstanding NTBs.
East African Community Headquarters, Arusha, Tanzania, 1st, June, 2023: The 42nd Meeting of the Sectoral Council of Ministers on Trade, Industry, Finance and Investment (SCTIFI) is currently underway at the EAC Headquarters in Arusha, Tanzania.
The five-day SCTIFI meeting started with the Session of Senior Officials on Monday, 29th May and ended on Wednesday, 31st May, 2023. The Coordination Committee or the Session of Permanent/Principal/Under Secretaries is slated for Friday, 2nd June, 2023 while the Cabinet Secretaries/Ministers’ session will be held on Saturday, 3rd June, 2023.
TUESDAY, 16th MAY, 2023: The Competition Authority of Kenya (CAK) and the East African Community Competition Authority (EACCA) have entered into a Memorandum of Understanding (MoU) to ensure execution of their respective mandates enhances regional integration and cross-border trade and investment.
The MoU lays out modalities through which the agencies will mitigate competition infringements with cross-border effects, as well as foster transparency and predictability with regard to multijurisdictional merger notifications in order to reduce transaction costs for businesses.
East African Community Headquarters, Arusha, Tanzania, 19th January2023: African countries have been asked to provide investment incentives to businesses operating in the agribusiness, green and blue economy in order to reduce the soaring costs of basic foodstuffs coupled with rising inflation in Africa.
African Governments have further been urged to facilitate access to capital and crowd-funding to support SMEs in Africa, through the use of Government Guarantee Funds (GGFs) and Privately Driven Guarantee Funds (PDGFs) including subsidizing agricultural production for key sectors such as cereals, vegetable, and palm oil to reduce the costs of production to enhance global competitiveness.
East African Community Headquarters, Arusha, Tanzania, 18th December, 2022: East African Community (EAC) Partner States have been called upon to seek local solutions to the huge gap in financing facing Micro, Small and Medium Enterprises in the region.
Uganda’s Minister of State for EAC Affairs, Hon. James Magode Ikuya, further urged the Partner States to address the twin issues of limited skills for production and poor standards and quality of products among others.
East African Community Headquarters, Arusha, Tanzania, 12th December, 2022: The seven (7) East African Community (EAC) Partner States have been urged to hasten integration to create a bigger market for businesses in the region.
Ugandan President Yoweri Museveni said that East Africa’s small, disintegrated economies can do so little in terms of trade and investment, adding that Partner States need to integrate as a matter of survival to create bigger markets.
