Since becoming a member of the East African Community in May 2022, DRC rarely takes part in regional meetings and has never remitted a cent. DRC owes $14.7 million, Burundi $11.2 million, South Sudan $8.6 million, Rwanda $920,869, Uganda $200,203, Tanzania $122,694 and Kenya $20. Read: East Africa bloc in limbo on cash crisisEAC states are required to remit $7.3 million each to fund the Community's activities. “We need to implement the alternative financing mechanism that will help partner states contribute in a more timely manner where partner states can give 0.2 percent of the import taxes,” said James Kakooza EALA member from Uganda. The regional assembly is now expected to approve the $112.98 million EAC 2024/25 Budget tabled on Wednesday.

Source: Daily Nation June 29, 2024 12:09 UTC