From Africa Recovery, Vol.13#4 (December 1999), Watch page

EAST AFRICA
A regional community is reborn

Presidents Benjamin Mkapa of Tanzania, Daniel arap Moi of Kenya and Yoweri Museveni of Uganda signed a treaty on 30 November establishing a new East African Community (EAC), 22 years after a similar grouping of the three countries collapsed.

The treaty is to be ratified within six months. It calls for a customs union and common market, harmonized investment incentives, a regional tourism strategy, a regional stock exchange and, eventually, a monetary union and political federation. Since the three countries first pledged to establish the new EAC in 1997, they already have begun issuing common passports, made their currencies convertible and are presenting budgets to their respective parliaments simultaneously.

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