EAC secures €39.8 million German funding to boost trade and small businesses
EAC Deputy Secretary General in charge of Customs, Trade and Monetary Affairs, Annette Ssemuwemba (right), signs the agreement with Head of the Central and East Africa Division at Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), Joachim Schmitt, during the Development Cooperation Negotiations between the EAC and Germany in Arusha.
Arusha. The East African Community (EAC) has secured €39.8 million (about Sh121.4 billion) in new grant funding from Germany to boost regional trade, expand access to finance for small businesses and accelerate economic integration across the region.
The funding follows the conclusion of Development Cooperation Negotiations between the EAC and the Federal Republic of Germany at the EAC headquarters in Arusha.
