5 East African Countries Create Common Market

July 2, 2010  |  

(AP) — Five nations in East Africa implemented new economic rules Thursday to boost cross-border employment and trade. The new steps push forward a larger plan to integrate the economies of Burundi, Kenya, Rwanda, Tanzania and Uganda, which together form the East African Community. When most African countries gained independence from European colonial powers in the 1950s and 1960s, Africa’s founding fathers wanted the entire continent to become one economy as a way of achieving self-reliance and better negotiating power in international markets.

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