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Dar outperforms EAC partners in free capital reforms

Published on March 02, 2017

Tanzania has performed impressively in making reforms to suit restriction-free capital transaction under the freedom of movement of capital as agreed in the East African Community (EAC) Common Market Protocol.

The 2016 EAC’s scorecard on common market indicates that the country has made six out of 11 legal and regulatory reforms the partner states have undergone between 2014 and 2016 in the free capital transaction.

The report, which was disseminated to stakeholders in Dar es Salaam yesterday looked at issues of security, credit, direct investment and personal capital as critical areas under the free capital transaction.Presenting the report, the World Bank Consultant, Ms Agatha Nderitu, said Uganda made three reforms and Kenya had the remaining two reforms. Read more. Source | Daily News