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The East African Community ( EAC) is an intergovernmental organisation composed of eight countries in East Africa. The member states are the Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda and Tanzania. [5] Salva Kiir Mayardit, the president of South Sudan, is the ...
EADB was established in 1967 under the treaty of the then East African Cooperation between Kenya, Tanzania, and Uganda. Following the breakup of the first East African Community (EAC) in 1977, the bank was re-established under its own charter in 1980. In 2008, following the admission of Burundi and Rwanda into the new EAC, Rwanda applied and ...
Rwanda joined the East African Community in 2007, and has ratified a plan for monetary union amongst the seven member nations, which could eventually lead to a common East African shilling. Rwanda is a country of few natural resources, and the economy is based mostly on subsistence agriculture by local farmers using simple tools.
The Eastern Africa Standby Force Secretariat (EASFSEC) serves as the executive secretariat for the organisation. It was established in March 2007 by the decision of the Eastern Africa Council of Ministers of Defense and Security. It is based in Karen, Nairobi, ( Kenya ), [8] co-located with the Planning Element.
East African Community countries also have active trade to other parts of the world, like the European Union. Each country is a part of the World Trade Organization except for South Sudan who remains out of this conglomeration. [3] As of 2014, these six countries have a combined GDP of $159.5 billion, GDP per capita of $918, total population of ...
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