East African Community Headquarters, Arusha, Tanzania, 21st July, 2022: The Summit of EAC Heads of State have reaffirmed their commitment to implementing the EAC Common Market Protocol.
The Summit that met physically for the first time in three years noted that the Common Market was the best way to increase intra-regional trade and spur economic growth in the region.
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.
East African Community Headquarters, Arusha, 18th July, 2022: Preparations are in high gear for the EAC Heads of State Retreat on the EAC Common Market and the 22nd Ordinary Summit of the EAC Heads of State scheduled for 21st and 22nd July, 2022 respectively at the Arusha International Conference Centre, in Arusha, Tanzania.
About 300 participants from Partner States, private sector, civil society and development partners are expected to attend both the High Level Retreat and the 22nd Summit.