EAC Archives - AfricaBusiness.com

16Apr

By Baker McKenzieNo Comments

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...

GUUD Africa Secures Tender to Work on East African Community Single Customs Territory Solution

- Project first started in 2016 where vCargo Cloud (“VCC”) worked on a Proof-of-Concept (“POC”) platform for the project - Completion of project will see seamless transmission of trade-related documents between participating EAC SCT member authorities. KENYA, 30 March 2021: Singapore’s GUUD (Africa) Pte. Ltd, via its wholly owned subsidiary, vCargo Cloud Kenya Limited., has won the project tender to kickstart official development work on the East African Community (“EAC”) Single Customs Territory (“SCT”) solution. A landmark project for the region, it will be one of the first regional single window projects within the African continent that will facilitate the transmission of trade-related documents for 5 countries within the EAC region. The EAC SCT project was first embarked on by the EAC...

Integration Efforts in the EAC

Otavio Veras, Researcher of the NTU-SBF Centre for African Studies Synopsis The East African Community (EAC) is an economic bloc formed by Kenya, Tanzania, Uganda, Rwanda and Burundi. The countries have a history of cooperation dating back to the early 20th century. In the recent years, they have started various infrastructure projects to improve the connection between its members, ultimately decreasing the cost of doing business and making the bloc more attractive to trade with foreign countries. Singapore is enjoying this opportunity, with investments in the African continent growing at a compound rate of 12% per year[1]; the city-state has traded more than US$400 million with the EAC alone in 2013. Singapore is currently involved in various businesses in the region, ranging from agri...