Press Release
EAC tables US$103,842,880 Budget Estimates before EALA for the 2023/2024 Financial Year
East African Community Headquarters, Arusha, Tanzania, 13th June, 2023: The East African Community (EAC) has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2023/2024 Financial Year totaling US$103,842,880 for the 2023/2024 Financial Year.
Tabling the speech before the Assembly, the Chairperson of the Council of Ministers and Burundi’s Minister for EAC Affairs, Youth, Sports and Culture, Hon. Amb. Dr. Ezéchiel Nibigira, said that the budget estimates for the Financial Year 2023/2024 were being presented at a time when the EAC economies were experiencing global shocks arising from the on-going Russia-Ukraine war, tight global financial conditions, lingering effects of Covid-19 and the impact of climate change.
“Despite these challenges, economic growth in the region improved to 4.8 percent in 2022 from 3.5 percent in 2021. The strong growth in the region was supported by the good performance of the industry, services, construction, mining and manufacturing sectors,” said Dr. Nibigira.
Summit adopts Verification Report of Somalia to join EAC
…. Appoints new Deputy Secretaries General and Judges
East African Community Headquarters, Arusha, Tanzania, 6th June, 2023: The 21st Extra-Ordinary Summit of the East African Community Heads of State Summit held in Bujumbura, Burundi adopted the Report of the Verification of the Application of the Federal Republic of Somalia to join EAC.
The Summit further directed the Council of Ministers and EAC Secretariat to commence the negotiations with the Federal Republic of Somalia with immediate effect and report to the next Ordinary Summit of the EAC Heads of State.
The Federal Republic of Somalia made its first application to join the East African Community in 2012. However, the verification mission was not conducted immediately due to various reasons.
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