Kenya’s EAC contribution will jump 67 percent under a new GDP-based funding formula aimed at easing the bloc’s chronic budget shortfalls.
By
Luke Anami
Correspondent in Nairobi, Kenya
Nation Media Group
Kenya’s budgetary contributions to the East African Community will rise 67 percent from the current $7 million to $11.6 million in the next financial year, under a newly adopted funding formula recommended by presidents at the last summit in Arusha.
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