WHAT ARE THE ADVANTAGES OF JOINING THE EAST AFRICAN COMMUNITY (EAC)? - COMPARATIVE ANALYSIS

 OVERVIEW:

Here is a brief overview of why East African member states unite. The East African Community was initially founded in 1967 but was re-established on July 7, 2000. The East African Community (EAC) is an international body with its main offices in Arusha, Tanzania. Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda are its member nations, in addition to the Democratic Republic of the Congo. In 2023, Somalia is the newest member of EAC. English, Kiswahili, and French are the three official languages of the EAC, and Hon. Dr Peter M. Mathuki is its secretary general.

Furthermore, the Community's actions are governed by the Treaty that established it. It was signed in 1999, and the first three Partner States, Kenya, Tanzania, and Uganda, ratified it on July 7, 2000.

In accordance with estimates, the EAC is home to nearly 400 million people. As one of the world's fastest-growing regional economic blocs, the EAC is expanding and deepening collaboration among the Partner States in a variety of vital sectors for their mutual benefit.

In addition, EAC (2022) mentions the social, political, and economic spheres. The East African Monetary Union Protocol has been implemented, the Common Market was founded in 2010, and the East African Customs Union is progressing favourably, all of which demonstrate that the regional integration process is now underway.

EAC

From the point of view of economic growth we can quote the speech of (Hon. Nibigira, 2023) ‘From 3.5% in 2021 to 4.8% in 2022, the region's economy grew. The industries, services, construction, mining, and manufacturing sectors all performed well, which contributed to the region's excellent growth”. In 2021 the GDP of the East African community was US$ 305.3 billion. Lastly, Integration Pillars of the EAC Customs Union, Common market, monetary union and Political federation.


the estimated population of the East African Community.


Figure 1: Secondary statistics for the countries of Congo, Tanzania, Kenya, Uganda, Somalia, Rwanda, Burundi, and South Sudan are shown in the following graph for the year 2023.

KENYA:

Kenya is a country in East Africa with a coastline on the Indian Ocean. Nairobi is the country's capital. As of 2021. 53.01 people lived in the nation. The latest official data from the World Bank indicates that Kenya's Gross Domestic Product (GDP) was 110.35 billion US dollars in 2021. In terms of GDP, Kenya accounts for 0.5% of the global economy (World Bank, 2021). According to global macro models from Trading Economics and analysts' predictions, Kenya's GDP is projected to reach 117.19 USD billion by the end of 2023. One of the EAC's founding members was Kenya.


the estimated GDP of EAC

Figure 2 above displays the EAC member states GDP in 2021.


WHY KENYA NEEDS THE EAST AFRICAN COMMUNITY (EAC)?

  1. Shared histories with partner states, i.e. colonized by Britain.
  2. Shared communities by the partner state at its border lines example, Samias, Tesos, Maasais etc.
  3. The attraction of Foreign direct investments (FDI)
  4. Creation of employment opportunities for its surplus labour force
  5. Infrastructural development
  6. The coastal state wants to trade with the landlocked partners
  7. To enhance its security
  8. Looking for an expanded market for its products

  9. Shared resources with partner states, for example, L. Victoria, Masai Mara, and MT Elgon.




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