The East African Community (EAC) has presented a US$ 109.3 million budget proposal for the 2025/2026 Financial Year to the East African Legislative Assembly (EALA).
- •Themed “Inclusive Economic Transformation,” the budget focuses on peace and security, trade facilitation, monetary integration, infrastructure, and institutional strengthening.
- •Key allocations include: EAC Secretariat: US$ 55.2M, EALA: US$ 20.5M, Inter-University Council: US$ 10.8mn.
- •EAC Council Chair and Kenya’s Cabinet Secretary Beatrice Askul Moe noted regional economic growth stood at 5.5% in 2024, with a projected 5.8% in 2025.
“…the average economic growth rate for the region was 5.5 percent in 2024, which outpaced both the global average of 3.3 percent and the Sub-Saharan Africa growth rate of 4 percent,” said Moe.
“The outlook for 2025 is even brighter, with projected growth rate of 5.8 percent, driven by robust performance in agriculture, construction, and services sectors, supported by sound policies and macroeconomic stability.”
CS Moe also hailed increased labor mobility and legal reforms across Partner States, as well as customs digitalisation, NTB resolution, and monetary union frameworks.
The EAC has pledged to sustain reforms and strategic investments to strengthen regional integration and economic resilience.
Moe disclosed that the EAC total trade with the rest of the world increased by 14.7% to USD124.9 billion in 2024 from USD109.4 billion in 2023. Intra-EAC trade hit US$ 15.2 billion.
