Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
At least Sh1.2 billion will be invested in the establishment of a regional network of reference laboratories for communicable diseases/FILE

Kenya

Germany commits Sh4.3bn to support EAC integration

At least Sh1.2 billion will be invested in the establishment of a regional network of reference laboratories for communicable diseases/FILE

At least Sh1.2 billion will be invested in the establishment of a regional network of reference laboratories for communicable diseases/FILE

NAIROBI, Kenya, Oct 1- The Federal Republic of Germany has committed a total Sh4.3billion in grants to the East African Community (EAC) for the period between 2016 and 2018, to support the integration process in the East Africa Region.

At least Sh1.2 billion will be invested in the establishment of a regional network of reference laboratories for communicable diseases.

With this project, the German Government responds to a request for support from the EAC for the prevention and control of epidemic outbreaks in the region.

Another Sh1.2 billion in financial assistance will be used for Integrated Water Resource Management of Lake Victoria aiming at improving water provision and management of water resources.

Sh1.9 billion in technical assistance has been committed to further support of the economic integration process, including a contribution to the EAC partnership fund.

The programme is focusing on institutional strengthening of the EAC Secretariat and on supporting the implementation of the Customs Union, Common Market Protocols and Monetary Union.

“In addition, Germany has given the EAC a permanent home by financing the construction of the new Headquarters that today houses the Secretariat ,the Court and the Assembly under one roof thus greatly easing the EAC Organs interactions and communication’’, EAC Deputy Secretary General in charge of Finance and Administration, Liberat Mfumukeko said.

This includes the elimination of Non-Tariff Barriers such as tax harmonisation as well as Mutual Recognition Agreements for qualifications. At the same time Germany will support the EAC in promoting private investment especially in the pharmaceutical sector, including the establishment of a regional quality infrastructure for the pharmaceutical sector.

With a view to strengthen the pandemic preparedness in the EAC, Germany had announced its willingness to provide an additional Sh348 million in technical assistance for the region`s crisis response capacity (out of special funds for 2016).

Since cooperation began in 1998 the total volume of German support to the EAC amounts to almost Sh24.7 billion. Germany also has substantial bilateral cooperation with all five EAC member states.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...