South Sudan is the newest member of the East African Community, it is also referred to as the youngest nation in Africa after gaining independence on 9 July 2011.
Why South Sudan joined the East African Community?
Thus, joining a common currency could reduce the exchange rate risk and improve the investment climate for South Sudan to develop its non-oil economy and therefore diversifying its economy overall. South Sudan’s admission to the EAC is likely to result in an increase in trade between South Sudan and the Member States.
Which countries make up the East African Community?
The East African Community (EAC) is the regional intergovernmental organization of the Republics of Burundi, Kenya, Rwanda, Uganda and the United Republic of Tanzania with its Headquarters in Arusha, Tanzania.
Is Sudan part of Eastern Africa?
East Africa or East of Africa is the eastern sub-region of the African continent, In the United Nations Statistics Division scheme of geographic regions, 19* territories make up Eastern Africa: Tanzania, Kenya, Uganda, Rwanda, Burundi, and South Sudan are members of the East African Community EAC.
Is South Sudan North or East Africa?
South Sudan is located in northeastern Africa. South Sudan is bordered by Sudan to the north, Central African Republic to the west, Democratic Republic of the Congo, Uganda, and Kenya to the south, and Ethiopia to the east.
What is the youngest country in East Africa?
In 2021, the median age in Niger was 15.4 years, the youngest country. This means that at this age point (15.4 years), half of the population was younger and half older.
Why the East African Community collapsed?
In 1977, the East African Community collapsed due to Kenya requesting more seats in the decision-making organs, disagreements between member countries, and the different economic systems between countries, primarily between Tanzania and Kenya.
Which country has the largest economy in Africa 2019?
The most-read piece of 2019 on BRINK was this one on Nigeria and its growing economy. Nigeria has overtaken South Africa as Africa’s largest economy. And with over 200 million people, it is the largest market in the continent, its population nearly twice the size of Ethiopia (110 million) or Egypt (102 million).
What are the benefits of East African Community?
Benefits of the EAC Integration
- A wider market with a combined population of over 160million people and GDP of about US$170billion.
- Freedoms under Common Market.
- Safeguarding the region from international economic shocks.
- A Common External Tariff in place to protect the community’s domestic industries.
How many members are in the East African Community?
The EAC is home to 177 million citizens, of which over 22% is urban population.
Which is the smallest country in East Africa?
The Republic of Seychelles is a country approximately 1500km off the coast of East Africa. It is the smallest African nation.
Is Kenya in the Horn of Africa?
In this study, the Horn of Africa region is defined as comprising eight countries, namely Djibouti, Eritrea, Ethiopia, Kenya, Somalia, Sudan, South Sudan and Uganda (Figure 1).
How many countries are in Eastern Africa?
The UN subregion of East Africa consists of 20 countries in the eastern part of the continent. These countries include some of the poorest nations in the world situated in the Horn of Africa and Great Lakes regions.
Which is the most developed country in Eastern Africa?
Partnership agreements providing preferential access to the European markets) is suffering from discussions linked to their reconduction. Although Kenya is the most industrially developed country in East Africa, manufacturing still accounts for less than 20% of GDP.
What are the 5 regions of Africa?
The UN Statistics Division has subdivided the African continent into five regions, Northern Africa, Central or Middle Africa , Southern Africa, East Africa, and Western Africa.
How Africa is divided?
The African continent is commonly divided into five subregions: North or Northern Africa, West Africa, Central or Middle Africa, East Africa, and Southern Africa.