2022 could be a Blessing for Citizens in East Africa, with Democratic Republic of Congo being latest beneficiary should regional common market be signed to law.
with the EALA Elections, Prominent leaders yet to emerge to kick start the economic union. Old leaders are in several meetings to have the long awaited regional common market protocol signed. This move had been discussed for years with minimal action. However with the current economic recession due to the Russia -Ukraine war and Covid 19, its economically wise for regions to unite and solve common problems.
Just like COMESA which is the largest economic organisation with more than 390 m population and ECOWAS with 349m population, EAC though young in population will benefit economic growth and development through,
movements of labour, good and services from one state to another. capital movement as well as right of residence and establishments.
the regional economic union will enhance food security through agricultural investments, embrace different cultures, sports, joint customs geared towards prevention of communicable and non -communicable diseases, education, technology and among others.
As the regional suffers increasing inflation levels that increased cost of living the common market will impact improved jointed infrastructural development in road, railway, as well as increase in energy. With Uganda’s oil coming through, what could be better than starting with your neighbors.
fingers crossed, citizens expectant, positivity at its best.