Somalia Joins East African Community to Boost Economic Growth
In a move aimed at revitalizing its economy after years of conflict, Somalia has officially become a member of the East African Community (EAC). President Hassan Sheikh Mohamud hailed this development as a “beacon of hope” for Somalia and its people, providing new opportunities and prosperity.
Since 1991, Somalia has been plagued by conflict, with the jihadist group al-Shabab exerting control over significant parts of the country. This situation raised serious concerns among some member states about the potential movement of al-Shabab fighters into the EAC. However, the EAC has strict requirements for new entrants, including adherence to principles of good governance, democracy, the rule of law, human rights, and social justice.
Transparency International ranked Somalia as the most corrupt country in the world, highlighting the immense challenges the country faces. However, negotiations between the EAC and Somalia began in August, with President Hassan assuring the EAC of his country’s commitment to addressing these issues.
Supporters of Somalia’s admission argue that it is long overdue and will ultimately benefit the region as a whole. However, there are also those who believe more time should have been taken to address Somalia’s numerous challenges.
The EAC aims to expand its market size and integrate all countries in the Horn of Africa. Somalia’s inclusion in the bloc is a crucial step towards achieving this objective. Furthermore, Djibouti and Ethiopia are expected to join the EAC soon, while the Democratic Republic of Congo became a member in 2020.
With its entrance into the EAC, Somalia becomes the eighth member, joining Burundi, the Democratic Republic of Congo, Kenya, South Sudan, Tanzania, Rwanda, and Uganda. This move marks a significant milestone for the country and its people as they strive to rebuild their nation and foster economic growth.
President Hassan Sheikh Mohamud sees Somalia’s membership in the EAC as a turning point in their journey towards stability and development. While challenges lie ahead, the country is determined to address them and seize the opportunities that come with being a part of the East African Community.
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