South Sudan assumes EAC leadership, clears $15m EAC debt
Burundi's President Evariste Ndayishimiye hands over a court gavel to South Sudan President Salva Kiir as EAC Chairman Peter Mathuki (C) looks onwards during the EAC Summit of heads of state in Arush, Tanzania on November 24, 2023. PHOTO | COURTESY
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Juba is beginning its first ever term as the chair of the East African Community (EAC) with no debt and a promise to keep it that way, after the heads of state summit waived part of the debt it owed to the bloc in unremitted contributions.
South Sudan’s President Salva Kiir, speaking during the EAC heads of state summit in Arusha on Friday, after taking over leadership of the bloc, said they have cleared their outstanding debt of $15 million, after the summit waived over half of the $36 million arrears it had.
