Tag: East African Community
From lockdowns and curfews to testing and quarantines, each member state of the East African Community has employed its own ways to deal with the COVID-19 pandemic. Now as the region undertakes revival of tourism, experts believe harmonizing travel protocols would be vital. Fred Odek, outgoing Chairperson of the East Africa Tourism Platform joins CNBC Africa for more.
During a recent meeting between Kenyan President Uhuru Kenyatta and his Egyptian Counterpart Abdel Fattah el-Sisi, it’s been reported that the two have agreed to work closely on the sensitive issue of the disputed Grand Ethiopian Renaissance Dam. CNBC Africa spoke to International Relations Expert, Emery Nzirabatinya for his thoughts on how effective this could potentially be and what it could possibly mean for the East African Community.
The reduction of the field from five to two means, if confirmed, that the Geneva-based trade body is now certain to be led by a woman for the first time.
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.
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.
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.
Uganda’s Central Bank cut its benchmark lending rate by 100 basis points, taking it down to 7 per cent, to support the East African nation’s economy as it downgraded projected growth. According to the government, the pace of Uganda’s economic expansion is expected to decline by more than half in the financial year to June 30 to between 2.5-3.5 per cent. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.