The Hub is partnering with private sector apex bodies in each of the East African Community (EAC) Partner States to accelerate implementation of the EAC Common Market Protocol. In Kenya, the Hub is working with the Kenya Private Sector Alliance (KEPSA). The Hub is specifically working on policy support to achieve the Protocol's provisions that call for free movement of goods, services and capital in the EAC. Full implementation of these provisions will enhance inter-regional trade and boost investment.
To establish an effective common market, the EAC Partner States committed to rolling back existing measures (and avoiding enacting new laws) that prevent market integration. The Hub closely monitors the policy landscape in Kenya, and the wider EAC, to determine the impact of new laws and regulations on progress towards achieving a fully integrated market.
On September 20, the Hub and KEPSA jointly hosted an event to update the private sector on its recent analysis of laws that have been passed, or are about to be passed, that could impact Kenya's commitments to the EAC.
The Hub's Senior Economist, Mr. Alfred K'Ombudo, presented on several new measures that are in line with the Protocol as well as some that may be retrogressive, for instance by putting up barriers that prevent citizens of other EAC Partner States from investing or providing services in Kenya freely. The analysis also covered laws that could be passed in other Partner States that could create barriers, such as increasing time and cost, for Kenyans seeking to or already doing business or investing in those EAC Partner States.