South Sudan has officially been admitted to the East African Community following a majority vote at the 17th Ordinary EAC Heads of State Summit in Arusha Tanzania on March 2, 2016.
South Sudan is the newest member of the economic bloc and she joins five other members; Kenya, Uganda, Tanzania, Rwanda and Burundi.
A statement released by the EAC Secretariat announced the admission of South Sudan into the economic bloc which will henceforth comprise of 6 states (South Sudan, Kenya, Uganda, Tanzania, Rwanda and Burundi).
South Sudan applied to join the trade bloc right after attaining independence from Sudan after an invitation extension from Kenya’s then President Mwai Kibaki and Rwanda’s Paul Kagame.
South Sudan will be able to join the regional integration projects that the other members have been involved and enjoy budding socio-economic and bi-lateral prospects from her neighbors.
News in South Sudan was received with mixed feeling; with President Salva Kiir elating over the new citing immeasurable socio-economic gain for the world’s newest state. However the citizens have expressed doubts saying the delayed transitional government might not be able to take full advantage of their newly acquire status as an official member of the EAC.
The admission into the EAC means that South Sudan with a merely population of 12 million people will be economically exposed to the cumulative regional population of at least 150 million people with not restriction of movement of goods and services. The admission will revive the country’s crunching economy.
- East Africa Community Set To Launch Regional e-Passport In March February 17, 2016: The East African Community (EAC) is expected to launch e-passports […]
- Leaders who Attended 28th AU Summit in Addis Ababa Hail Progress in Africa The recently concluded 28th Summit in Addis Ababa, Ethiopia hailed on significant […]
- East African Heads Of State In Arusha; Security, Trade And E-Passport Launch To Top Agenda March 2, 2016: Heads of State for the East African Community Countries have arrived in […]
- National Intelligence Service (NIS) Tasked to Preempt Corruption’s Threat to National Security of Kenya The President of the Republic of Kenya Uhuru Kenyatta issued a statement on Monday 23rd […]
- Kenya and Jordan Explore Joint Trade Opportunities A joint Ministerial committee from Kenya and Jordan held a preparatory meeting on […]
- South Sudan Peace Deal Set To Boost Kenya’s Trade ECONOMIC BRIEF, May 5, 2016 South Sudan peace deal is set to boost […]
- Kenya Ready to Help South Sudan Handle Economic Challenges Following years of conflict/civil war in the world’s youngest nation, South […]
- Nairobi, Kenya Enters List of Top 10 Most Dynamic Cities in the World Despite the political tantrums witnessed in Kenya, Nairobi, the capital city has […]