- Member states of the East African Community (EAC) must "shed off some national interests" if they want to achieve a single internal market that guarantees the free movement of goods, persons, labour services and capital within countries, warned Peter Munya, Kenya's EAC assistant minisster.
"It is also imperative that partner states will have to be willing to shed off some national interests if we are to realize the objective of the common market, which is to create a single internal market that guarantees the free movement of goods, persons, labor services, and capital," he said, adding that the areas held the key to the success of the integration process.
A high-level task force involving government officials from the regional economic community states - Kenya, Uganda, Tanzania, Rwanda and Burundi - on Monday began negotiation meeting on a common market protocol.
Mr. Munya officially opened the negotiations, and spoke volumes about the benefits of the common market, which according to him, will eliminate any restrictions and barriers to trade in the community. Member countries intend to introduce a common market, a union and a common currency by 2012.
The six-day negotiatins will focus on the rights of residence, free movement of services, capital and transport in the five-member nation community.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.