East African Community partner states have maintained restrictions on free movement of capital, according to the EAC Common Market Scorecard 2016.
The 2016 scorecard, which was launched on Monday, focuses on the implementation of free movement of goods, capital and services, and identifies the barriers to intra-EAC trade.
The greatest restriction across the EAC is capital controls, which affects other transactions under the Common Market Protocol. The controls hamper foreign direct investment and thus the region’s ability to fully participate in global value chains. Read more. Source | East African