EAC at 25 & Kenya's leadership in shaping the region's future

The East African Community (EAC) celebrated its 25th anniversary on November 30, 2024, with a significant milestone as Kenya’s President William Ruto was elected as the Chair. To shed light on the EAC's achievements, leadership changes, and future prospects, CNBC Africa engaged Hon Maina Karobia, Member of Parliament of the East African Legislative Assembly EALA, in an insightful interview. The EAC has made remarkable progress over the years, with its GDP growing from 25 billion U.S. dollars in 1999 to a substantial 324 billion U.S. dollars today. This economic growth is a testament to the collective efforts of East African nations, both socially and politically. One of the notable advancements in the region is the transition from mere security cooperation to a model of shared security, where countries collaborate in deploying troops for stabilizing and maintaining security across borders. The appointment of President William Ruto as the EAC Chair brings high expectations for the future of the community. Hon Karobia, who attended the 24th Ordinary Heads of State Summit, highlighted President Ruto's dynamic leadership style, emphasizing quick action and goal-oriented approaches. Under President Ruto's leadership, a more competitive EAC is anticipated, with a focus on removing trade barriers, enhancing the customs union, and fast-tracking the common market protocol. The commitment to achieving a political confederation and engaging in public participation demonstrates a clear path towards a more integrated and efficient EAC. Emphasizing the importance of SMEs in cross-border trade, Hon Karobia stressed the necessity of a single currency to unlock the potential of businesses in East Africa. Calling upon the Council of Ministers and heads of state summit, he urged for expedited efforts to establish a unified currency to enhance trade facilitation and reduce currency exchange losses. Looking ahead, the vision for the EAC entails a political federation characterized by a unified governance structure, including a single president, court system, and parliament elected by the people. Additionally, plans for a high-speed train network connecting major East African cities signify a future of enhanced connectivity and economic growth for the region.