The East African Community and the French Government signed a Memorandum of Understanding

The East African Community and the French Government signed a Memorandum of Understanding (MoU). The MoU was signed at the EAC Headquarters in Arusha, Tanzania by the EAC Secretary General Amb. Liberat Mfumukeko and the Ambassador of France to Tanzania accredited at EAC Frédéric Clavier.

The objective of the MoU is to establish a framework of cooperation and facilitate the Parties’ strategic partnership to draw on expertise and support collaborative initiatives to sustain the EAC Integration Agenda. Highlighted in the five (5) year MoU are key priorities areas of cooperation that the two parties seek to explore. These include Energy, Climate Change and Biodiversity, Industry, Private Sector Development and Investment Promotion, Customs and Trade, Financial Sector, and Capacity Building and Project Development. For the purpose of concretizing cooperation in the earmarked sectors, the Government of France will mobilize different actors and instruments.

Prior to the signing of the MoU, Ambassador Clavier who was accompanied by the French Development Agency (AFD) Regional Director Eastern Africa, Mr. Christian Yoka, held in-depth discussions with the EAC Secretary General focused on how both parties could jointly work together to effectively support key sectors with significant impact on the betterment of livelihoods of EAC citizens.

French Development Agency (Agence Française de Développement, AFD): a public financial institution that implements the policy defined by the French Government. It works to fight poverty and promote sustainable development. This public Institution is active in Africa, Asia, the Middle East, Latin America, the Caribbean and the French overseas territories, where it finances and supports projects that improve living conditions of populations, promote economic growth and protect the planet.

In 2014, AFD earmarked EUR 8.1 billion to finance projects in developing countries and French overseas territories, a commitment up by 4% compared to 2013. According to the OECD, 2019 official development assistance from France increased 4.2% to US$ 12.2 billion.

(Source: Juba Monitor Newspaper, Monday 26 octobre 2020, page 7)

Source: The Citizen, French agency to finance key development projects, 30 October 2020

Last updated on: 2 November 2020