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EAC leaders to adopt same fiscal policies

Main Topix: Africa Legislative Assembly Speaker Margaret Zziwa - East African Community Vehicle Control Load
The East Africa Community will deepen integration next week with the signing of a protocol that will see its five members adopt the same fiscal policies. East Africa Legislative Assembly Speaker Margaret Zziwa said presidents of Kenya, Rwanda, Uganda, Burundi and Tanzania would sign the treaty next week on Saturday in Kampala, Uganda. “The protocol will usher in convergence of fiscal policies and eventually, the single currency,” Ms Zziwa said on Monday in Nairobi where EALA is holding its rotational sittings. Attornies General of the EAC partner states met in Arusha, Tanzania, on Friday last week and agreed on the wording of the EAC Monetary Union treaty. EALA has in the past two years enacted six Bills — East African Community Public Holidays, EAC Appropriation, East African Community Customs Management (amendment), the East African One Stop Border Post and the East African Community Vehicle Control Load— to fast track integration. Ms Zziwa said that the assembly was working towards enacting legislation that would see the partner states jointly address issues of rising insecurity and terrorism. The Speaker said EALA would...