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.
