East African Community
East African Community
East African Community (EAC) (Haki Road, Lakilaki Area, Arumeru District, Arusha) – established in 2000 and located near the UN’s International Criminal Tribunal for Rwanda, the EAC is a regional intergovernmental organization of six partner states: the Republics of Burundi, Kenya, Rwanda, South Sudan, the United Republic of Tanzania, and the Republic of Uganda, with its headquarters in Arusha, Tanzania.
As one of the fastest growing regional economic blocs in the world, the EAC is widening and deepening co-operation among the Partner States in various key spheres for their mutual benefit. These spheres include political, economic and social. At the moment, the regional integration process is in full swing as reflected by the encouraging progress of the East African Customs Union, the establishment of the Common Market in 2010 and the implementation of the East African Monetary Union Protocol. Among its objectives, the EAC hopes to create a “Euro style” single currency for its members by the early 2020s