THE East African Community is reported to be in deep financial crisis as the Regional Parliament is resuming its session here this week to address the situation. The East African Legislative Assembly is embarking for its First Meeting of the Fifth Session of the Third Assembly which runs at the EALA chambers for twelve days, from this Monday, August 22, 2016 to next week’s Friday, September 2, 2016. EALA Spokesperson, Mr Bobi Odiko said here that the Assembly is to be presided over by the Speaker, Mr Daniel Kidega, with the top on the agenda during the two-week period being the debate on the Report of the Committee on Accounts on the EAC Audited Accounts for the Financial Year ended 30, June 2015. The report which examines and considers the EAC Audited accounts for the year ended 30, June 2015, arises from the audit of the EAC Organs and Institutions including 20 projects and Programmes and this in accordance with Article 134 of the Treaty for the Establishment of East African Community. “Upon completion of the audit, the EAC Council of Ministers tabled the Report of the Audit Commission to the House on 24, May 2016. The Audit Commission’s report which indicates that the overall budget performance stood at 65 per cent is set for debate at a time when the Community is facing a precarious funding situation,” said the EALA statement. The House is further expected to consider a Report of the Committee on Agriculture, Tourism and Natural Resources...
East African Community financially strapped
Posted on: August 23, 2016
Posted on: August 23, 2016