Kenya to pay highest contribution to EAC budget in proposed new model
Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi. He says Kenya will contribute more to the East African Community budget in a proposed new financial model.
Photo credit: Wilfred Nyangaresi | Nation Media Group
Kenya will contribute more to the East African Community budget in a proposed new financial model that is meant to cure perennial defaults by member states, which has left the bloc financially crippled.
Kenya’s Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi announced the proposed model to the Kenyan parliament on Thursday based on each partner state’s average nominal GDP per capita for the past five years as assessed by the World Bank.
