Tag: EAC

EAC Chair Paul Kagame addresses regional relations, COVID-19 & Paul Rusesabagina’s arrest

Yesterday during an interactive live citizen outreach interview, Rwandan President Paul Kagame answered questions about COVID-19, the recent arrest of Paul Rusesabagina and tensions between some of the members of the East African Community. Here’s some of what he had to say.

COVID-19: Investing in digital infrastructure is imperative to Africa’s economic recovery. Here’s why

Africa faces many challenges on its path to becoming a global economic competitor, and it has been said that the impact of the COVID-19 pandemic on the continent's development can either be a massive barrier to advancement or, the spark that lights the fire of innovation and investment across the continent. Amrote Abdella, Regional Director, Microsoft 4Afrika Initiative joins CNBC Africa for more.

East African Business Council CEO on what makes the DRC attractive to investors

Often referred to as the 'Giant of Africa', the Democratic Republic of Congo presents a huge trade opportunity. So far, almost half of the trade between the DRC and the East African Community (EAC) is informal and opportunities are hindered by the high cost of doing business due to the prevalence of non-tariff barriers, implying that the potential for trade hasn’t been optimized. Peter Mathuki, The Executive Director and CEO of the East African Business Council spoke with CNBC Africa on the market potential and opportunities for SMEs in the region.

How Uganda plans to recover from COVID-19 induced economic shocks

Uganda started her new fiscal year last month and it was notable that the country’s finance minister’s budget reading had not taken the economic shortfalls from COVID-19 into account, but having faced lock-downs and economic hits, how is the East African Community member state planning on recovering? Economic Analyst, Charles Bwogi joins CNBC Africa for more.

COVID-19: EAC countries resume commercial flights

East Africa Community member states, Rwanda and Kenya on the 1st of this month opened up their airspaces to commercial flights after more than four months of lock-downs. So what kind of impact will this have on the struggling aviation sector? Derek Nseko, Aviation Industry Expert and Managing Director iFly Aviation spoke to CNBC Africa for more.

EAC sees sharp fall in regional trade due to COVID-19

Trade in the East African Community has been greatly affected by the COVID-19 pandemic with trade volumes estimated to have dropped to between 30 per cent and 40 per cent in the past few months. Frank Matsaer, CEO of TradeMark East Africa joins CNBC Africa for more.

Can East Africa achieve single currency by 2024?

In November 2013, member states of the East African Community (EAC) signed a protocol establishing a monetary union with the ultimate aim to establish a single currency regime by 2024. Economic Analyst, Ted Kaberuka joins CNBC Africa to analyse the possibility to achieve this within 4 years.

New Rwanda airport to position country as regional hub

Airport infrastructure is key for country's trying to position themselves as the East African Community's regional hub with the major airports either currently getting a facelift or having new one built altogether, CNBC Africa spoke to Rwanda's Minister of Infrastructure Claver Gatete on why this is important for the country.