Kerosi Blog

East African Cooperation Approved US$100 Million Budget for FY 2016/2017

On 26th May, 2016 East African Cooperation (EAC) approved budget estimates worth US$100 million to run the regional body for the financial year 2016/2017. The budget speech was read by Dr. Susan Kolimba. This amount was less that the US$110.6 million allocated to the body during the previous financial year. 

What are the EAC Priorities for FY 2016/2017?

• Liberalization of EAC airspace 
• EAC Single Customs Territory Implementation 
• One Area Network 
• East African Cooperation (EAC) Common Market Protocol Implementation 
• Harmonization of standards, laws and policies
• Value addition in various sectors 
• Development of cross-boarder infrastructure 

How Much was Allocated to Various EAC Bodies?

The East African Cooperation (EAC) was allocated money as follows:

• East African Cooperation Secretariat – USD$ 57.8 Million
• East African Legislative Assembly (EALA) – USD$ 61 Million
• East African Court of Justice – USD$ 4.2 Million
• Inter-University Council of East Africa – USD $ 4.5 Million
• Lake Victoria Basin – USD$ 11.2 Million
• Lake Victoria Fisheries Organization –  USD$ 2.1 Million
• East Africa Kiswahili Commission – USD$ 1.1 Million

Sources of Funding 

• Partner States Contributions – USD$ 47.5 Million
• Support from Development Partners – USD$ 46.7 Million
• Member Universities – USD$ 0.4 Million
• General Reserves – USD$6.3 Million
• Miscellaneous revenue – USD$0.3 Million

The Financial Year 2016/2017 marks the beginning of the Constitutional making process at the East African Cooperation (EAC).

Previous Year Achievements 

1. Deployment of staff to partner states
2. Up-scaling of Single Customs Territory (SCT)
3. Operational One Stop Border Posts
4. Appointed the Commissioners for the EAC Competition Authority
5. Smooth Cross-border Tour Operations
6. Implemented Strategy to combat poaching and trading of wildlife products

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