The EAC Secretariat and Norway in Nairobi, Kenya signed a financial grant agreement worth US $5.3 million for the period 2012 -2014.
The funds, disbursed through the EAC’s basket fund mechanism known as the Partnership Fund, will support initiatives to enhance regional integration and socio-economic development of the EAC.
Specifically, the funds will be used to support the implementation of the EAC Development Strategy and provide technical assistance to the Community.
Furthermore, the grant will support institutional and human resource capacity building for the EAC and support key studies required to support regional integration as well as implementation of the study findings.
According to the agreement, an initial disbursement of US $1.8 million will now be made by Norway’s Ministry of Foreign Affairs.
Norway is one of the founding members and a contributor to the EAC Partnership Fund.
Also present at the signing ceremony was the head of the resource mobilization unit at the EAC, Dr. James Njagu.
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