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Germany gives EAC sh40b

By Vision Reporter

Added 24th August 2009 03:00 AM

THE German government has given an additional 14 m euro 14b(sh40b) grant to finance the East African Community (EAC) to finance the regional integration process in East Africa.

By Milton Olupot

THE German government has given an additional 14 m euro 14b(sh40b) grant to finance the East African Community (EAC) to finance the regional integration process in East Africa.

According to the grant agreement signed on Friday, by the German ambassador in Dar-es-Salam, Dr. Guido Herz, and EAC secretary general, ambassador, Juma Mwapachu, the funds will be usedto boosts integration between 2009 and 2011, for technical cooperation in support of the East African integration process.

The grant will also facilitate the establishment of a regional quality infrastructure in the EAC, and in support of its activities to promote peace and security in the region.

This commitment comes at a time when Germany is financing the construction of new building for the EAC secretariat in Arusha, making it the top contributor to the East African Community.

Herz said this support comes in recognition of progress in regional integration and to help prepare the EAC for the implementation of the common market, smonetary union and other socio-economic activities.

Germany’s key to stability after Wolrd War 11 had only been possible through regional integration. The next EAC Summit, scheduled to take place in Arusha in November.

This is to mark the 10th anniversary of the East African Community. heads of state will sign the Common Market Protocol at the summit, which will also mark the 10th anniversary of German support to the organisation.

Mwapachu said Germany had been the strongest supporter in terms of financial and political engagement. He thanked them for funding the construction of the new EAC headquarters in Arusha.

with new commitment, German funding for EAC sums to $68m (about sh140b) since 1998.

Germany gives EAC sh40b

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