Press Release

EAC Delegation in South Korea to set ground for grand bilateral Economic and Social Cooperation

East African Community Headquarters, Arusha, Tanzania, 5th August, 2022: The East African Community (EAC) has officially kick-started engagements with the Republic of Korea (ROK) on a grand economic and social cooperation between the EAC and South Korea. The engagement, in the form of a bilateral cooperation seminar, was held at the Korea Chamber of Commerce (KCCI) in Seoul. This seminar is a follow-up of an earlier bilateral meeting held between the EAC Secretary General and South Korea’s Ambassador to the United Republic of Tanzania earlier this year.  The partnership seminar was convened under the theme: Exploring Economic Cooperation between the ROK and the EAC.

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Officiating the event, on behalf of the EAC Secretary General as the Head of Delegation, the EAC Director of Trade, Al-hajji Rashid Kibowa, lauded the Government of Korea for taking interest in partnering with the EAC and facilitating the partnership seminar. Al-hajji Kibowa highlighted that the EAC being Africa’s fastest growing and most integrated Regional Economic Community in the last 10 years, is best placed to kick-start and become the entry point for South Korea’s ambition to integrate with Africa.  He further noted the valuable role played by the private sector and other peoples’ voices in boosting trade and investment in the region.

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The EAC and Equity Group sign Partnership Agreement to deepen regional economic integration

East African Community Headquarters, Arusha, Tanzania, 21st July 2022: On the sidelines of the High-Level Retreat for the Summit on the East African Community (EAC) Common Market, the EAC and Equity Group signed a Memorandum of Understanding (MoU) to deepen the economic and social integration of the East African region and to accelerate the implementation of Equity Group’s `Africa Recovery and Resilience Plan’.

The partnership seeks to support the East African Community focus area of creating a Common Market as per the EAC’s 6th Development Strategy and EAC Vision 2050 strategy and the `Africa Recovery and Resilience Plan’, which focuses on the economic recovery and resilience in Africa, in a post-COVID 19 environment. The initiative is a framework for socio-economic transformation for the people of the African continent based on 6 integrated pillars aimed at catalyzing a natural resources-led transformation of Africa, enhancing agriculture output, formalizing extractive value chains, and connecting these primary sectors to global supply chains that are broken and require diversification and secured sourcing.

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East African Community
EAC Close
Afrika Mashariki Road
P.O. Box 1096
Arusha
United Republic of Tanzania

Tel: +255 (0)27 216 2100
Fax: +255 (0)27 216 2190
Email: eac@eachq.org