East African Community summit in Kampala
East African Community has a market of more than 136 million people and is said to be one of the fastest-growing regional economies in the world offering immense opportunities. Since EAC took effect, it has extended the free flow of goods in the Eastern region of Africa to the free flow of services, skilled labor, investment and capital although some countries have not effectively embraced the idea. So for all purposes, the EAC is similar to the European Union including the monetary union being signed in Kampala today by the head of states of Tanzania, Kenya, Uganda, Rwanda and Burundi. But for the five countries to enjoy the benefits of the EAC, its companies and people must be able to compete and be ready. When barriers to goods, services and skilled labor were removed, East African companies have been able to easily enter new markets with Kenyan companies venturing in all five countries markets including South Sudan. Companies have found it easier to operate in the regi...