Total foreign direct investments from the US to Tanzania was $1.5 billion in 2019. Tanzania is followed by Kenya - which received $353 million in the same year.
The EU-Kenya agreement to implement the Economic Partnership Agreement originally planned with the entire East African Community unties the Gordian knot between its supporters and opponents among African countries in the short term, but has long-term consequences beyond the divergence of tariffs towards the EU.
In a document that was made public this Tuesday, July 6, 2021, it was confirmed that Burundi officially ratified the agreement establishing the African Continental Free Trade Area on June 17, 2021.
A standoff between Burundi and the European Union over political sanctions is set to further delay the signing and ratification of the Economic Partnership Agreement between the EU and the East African Community.
First-vice speaker of Burundi Senate said Burundi will not have the courage to ratify the Economic Partnership Agreement in the context of economic sanctions imposed against it.
La Commission européenne est sur la voie d'un accord commercial avec cinq pays d'Afrique de l'Est et centrale, dont le Burundi. Ce texte ne réjouit pas tous les députés européens, notamment à cause de la situation des droits de l'homme au Burundi
Burundi has received euro 4.4 million (US$6.4 million) grant from the Common Market for Eastern and Southern Africa (COMESA) under the adjustment facility.