Somalia Officially Joins the East African Community
Move seen as a beacon of hope for war-torn Somalia's economy, despite potential security concerns for the regional bloc.
- Somalia has officially joined the East African Community (EAC), becoming the eighth member of the regional trade bloc.
- The move is seen as a significant step for Somalia's economy, which has been devastated by decades of conflict.
- Joining the EAC opens up a market of over 300 million people for Somalia, and provides the bloc with access to Somalia's 3,000km coastline and potential offshore resources.
- However, concerns have been raised about the potential for increased security challenges within the EAC, due to ongoing conflict in Somalia with the jihadist group al-Shabab.
- Despite these concerns, the admission of Somalia is seen as a pivotal leap in the EAC's expansion across East Africa.