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Wednesday, 11 February 2015

EAC-EU: U.S. $2 Million Budget for EAC Programs

The East African Legislative Assembly (EALA) recently approved the Eat African Community (EAC) Supplementary Appropriation Bill 2015, which provides a supplementary expenditure to the tune of $2,040,520. The support from the European Union will assist the EAC/COMESA/AU Early Response mechanism (ERM) - African Peace Facility support to implement activities in the COMESA/EAC region.$295,000 is reserved for the expenditure incurred on maintaining the EAC regional food balance sheet and trade help desk while $170,000 shall be utilised for the development of EAC-African Growth and Opportunity Act (AGOA) Strategy and sensitisation. The Bill is premised on Article 103 of the Treaty for the Establishment of the EAC in which Partner States recognizing the fundamental importance of science and technology in economic development, undertook to promote cooperation in the development of science and technology in the Community.

Source: allafrica.com