EAC eyes Sh2 billion private sector fund to boost integration

The East African Community (EAC) plans to establish a Sh1.86 billion private sector fund to deepen the participation of the private sector in the regional bloc integration process.

Secretary General Richard Sezibera said the proposed fund, to be set up in close collaboration with the private sector, would be launched by the regional economic bloc’s Heads of State at their Summit in November this year. To set up the fund the EAC secretariat is drawing support from the East African Business Council (EABC) among other players.