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 January 2023: 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.
East African Community Headquarters, Arusha, 24th October, 2022: The Republic of Burundi is on verge of setting up a National Competition Agency to encourage competition and enhance consumer welfare in the country.
Burundi’s Minister for Trade, Transport, Industry and Tourism, Madame Marie Chantal Nijimbere, made the announcement when she met the Registrar of the East African Community Competition Authority (EACA), Ms. Lilian Mukoronia, in Bujumbura, Burundi.
East African Community Headquarters, Arusha, 20th October, 2022: Preparations for the 22nd Edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) Trade Fair, popularly known as the Jua Kali/Nguvu Kazi Exhibition, are in high gear.
The 22nd edition of the annual EAC Jua Kali/Nguvu Kazi Exhibition, which will be held under the theme “Buy East African to Build East Africa for Resilience and Sustainable Development,” is expected to attract more than 1,000 artisans from all the seven (7) EAC Partner States.