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Funding Slowing EAC Integration.
Byline: Joseph Olanyo
Lack of adequate and consistent financing by the East African Community (EAC) member states is crippling the regional block's integration process and activities, a Kenyan economist has said.
Mr Barrack Ndegwa, Director Ministry of EAC, says the provision of the Treaty that the budget of the Community be funded on an equal contribution basis is not working out as expected.
Mr Ndegwa, who is coordinating EAC matters, said differences in Gross Domestic Products (GDPs), in the five member states has made it difficult for the countries to pool money at once as required by Article 132 of the EAC treaty. Article 132 of the treat …
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