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The East African : June 30th 2014
2 AGENDA The week ahead MONDAY Mombasa Port Community Charter unveiled Leaders from the EAC member countries to launch the Mombasa Port Community Charter at the port of Mombasa, Berth One. DTB rights issue conference Diamond Trust Bank will host a conference on its rights issue at the DTB Centre in Nairobi. TUESDAY Konza City agreement is sealed in Nairobi The Konza city agreement will be signed at the project offices in Nairobi. WEDNESDAY Dar hosts experts in agro processing Experts’ seminar on the agro processing value chain in the East African region takes place in Dar es Salaam, Tanzania. THURSDAY Internet governance forum in Nairobi The 2014 Kenya Internet Governance Forum will take place at the Strathmore University, Nairobi. Discussions will include improving cost and quality of the Internet and cyber security. MARIAM IBRAHIM: A 27-year-old Sudanese Christian woman whose death sentence for apostasy was overturned has been freed again after being detained over accusations of forging travel documents. NJUGUNA NDUNG’U: The Central Bank of Kenya Governor’s efforts to have his case heard in the next judicial term were defeated and it will now be heard in July. He faces prosecution over a Ksh1.2 billion ($13.6 million) tender award. GOODLUCK JONATHAN: Nigeria’s president cut short a trip to Equatorial Guinea for an African Union summit following Wednesday’s bomb attack in the capital Abuja, which killed 21 people and wounded 52 others. AFONSO DHLAKAMA: The Mozambican opposition leader will launch his presidential bid from his hideout via a broadcast tele-conference. The former rebel leader is seeking election via his Renamo party in the October polls. PERVEZ MUSHARRAF: Pakistan’s former ruler will not be allowed to leave the country after the Supreme Court suspended a decision that would have allowed him to do so. The 70-year-old faces a series of legal cases. FACES IN THE NEWS The EastAfrican NEWS JUNE 28 - JULY 4, 2014 THE INTEGRATION TRACKER Monitoring the progress of the East African Community Positive developments Negative developments Neutral Tanzania to open capital markets to regional players Tanzania will open its capital markets to regional players ahead of the East African Community’s 2015 deadline for member states to eliminate barriers on movement of capital, and classify all investors as East Africans. Investors from other member states are presently classified as foreigners. The Dar es Salaam Stock Exchange WEBSITE www.theeastafrican.co.ke EDITORIAL Nairobi Email: email@example.com P.O. Box 49010 GPO Nairobi 00100 Tel: 328 8406-10 Dar es Salaam Email: firstname.lastname@example.org Tel: 2119657-9 Fax: 232781 ADVERTISING, CIRCULATION, SUBSCRIPTIONS ARUSHA Nassib Majamba, Summit Centre, 3rd Floor, Sokoine Road, P.O Box 14146, Arusha Tel +255 272 544505 email@example.com DAR ES SALAAM Prosper Lawrence, Harbour View Towers, 4th Floor, Samora Avenue P.O Box 8101, Dar es salaam Tel +255 22 2119657/8/9 Fax +255 22 2115566 firstname.lastname@example.org KAMPALA Richard Senkwale, Crested Towers, Short Tower, 7th Floor, Hannington Road, P.O. Box 6100, Kampala. Tel: 232771/2, Fax: 232781 E-mail: email@example.com KIGALI Andrew Busingye 13th Floor, Kigali City Tower Tel: +250784336355, Kigali. TEAAdvertisingRW@rw.nationmedia.com NAIROBI ADVERTISING AND CIRCULATION Connie Mwangemi, Nation Centre, Kimathi Street, P.O. Box 49010 00100-Nairobi, Tel: +254 20 3288149 E-mail: firstname.lastname@example.org NAIROBI SUBSCRIPTIONS Tel: 328 8554/6/7, Fax: (254-2) 214047/214565 E-mail: email@example.com EAC wants Ethiopia to partner in mega projects The EAC hopes that Ethiopia will announce major projects in the region during the upcoming Heads of State Summit on Northern Corridor Integration Projects. Although Ethiopia will attend as an observer, it will assess which projects it wishes to be part of. Projects to be fast-tracked include a standard gauge railway between Kigali and Mombasa, a Single Customs Territory, a single tourist visa and the use of national identity cards as travel documents. A model standard gauge railway line in Kenya Poor standards hurting Africa in global markets The president of the African Organisation for Standardisation (ARSO) Joseph Odumodu, has asked governments to maintain standards in product development if they are to become competitive players in the global economy. Speaking during the second celebration of the African Day of Standardisation in Kigali last week, Dr Odumodu said that 80 per cent of world trade is related directly or indirectly to standards, locking out African products. Cargo at the Djibouti harbour. Dar banks on SCT to double Customs agents Tanzania is banking on the EAC Single Customs Union, expected to go live on July 1, to double the number of its registered Customs agents from the current 5,000. The five member states are expected to remove all duties and other restrictive regulations. The Tanzania Revenue Authority said that, if well implemented, the SCT will help to curb illegal cargo declarations. The Kenya-Tanzania border at Namanga. Tanzania’s parliament. Picture: File Da≥ ≥atifies p≥otocol on Moneta≥y Union By ADAM IHUCHA Special Correspondent TANZANIA is the first country in the region to ratify the East African Community Monetary Union Protocol, after its parliament passed it unanimously. The passing of the pro- tocol means that Tanzania has formally committed itself to implementing the regime, the third stage of regional integration, after the Customs Union and the Common Market Protocols. Deputy Minister for EAC Co-operation Abdallah Sadallah, who secured the parliamentary endorsement on Wednesday last week, said that the integration was “irresistible.” “Apart from endorsing the EAC Monetary Union Protocol, members of parliament also spoke positively about the integration process,” Dr Sadallah told The EastAfrican. He added that the proto- col will now be submitted to the EAC Secretariat in Arusha to fulfil the requirements. Rwanda had announced it would pass the protocol before the end of June. Uganda, Burundi and Kenya have said they are in the process of ratifying it, but they have not given specific dates. Uganda’s Minister for EAC Affairs Shem Bageine had told The EastAfrican in an earlier interview that his country had initiated the process to ratify the protocol, but since the regime needs a constitutional amendment, it would be considered by a number of state organs. “This particular ratifi- cation calls for a constitutional amendment as it will require the central bank to cede its powers to the proposed EA Central Bank; that’s why it’s taking time,” said Mr Bageine. Burundi’s Minister for EAC Affairs Léontine Nzeyimana was not specific about the exact dates of implementation. “Burundi is in the proc- ess of ratifying the Monetary Union Protocol. We will beat the July deadline, that’s what I can tell you,” Ms Nzeyimana said. The EAMU Protocol is a milestone outlining a 10year roadmap towards a single currency by the year 2024. Consequently, partner states are expected to conclude the ratification process by July 2014.
June 23rd 2014
July 7th 2014