EAC and Equity Group sign partnership agreement to deepen regional economic integration

Submitted by on Wed, 01/04/2023 - 03:03

The Memorandum of Understanding (MoU) was signed between the EAC and Equity Group during the High-Level Retreat for the Summit on the East African Community (EAC) Common Market in July, 2022.

The rationale of of MoU signed was to deepen the economic and social integration of the East African region and to accelerate the implementation of Equity Group’s themed “Africa Recovery and Resilience Plan”. The MoU further seeks to support the East African Community focus area of creating a Common Market as per the EAC’s 6th Development Strategy and EAC Vision 2050 strategy and the “Africa Recovery and Resilience Plan”, which focuses on the economic recovery and resilience in Africa, in a post-COVID 19 environment.