IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.08▼ 0.17% USD/MXN17.39▼ 0.22% USD/CLP933.60▼ 0.15% USD/COP3,254▼ 0.44% USD/PEN3.39▲ 0.10% USD/ARS1,481▼ 0.03% USD/UYU40.19▲ 1.43% USD/PYG6,031▲ 1.52% USD/BOB10.75▲ 2.22% USD/DOP58.25▲ 0.02% USD/CRC447.35▲ 1.43% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▲ 1.11% EUR/BRL5.80▼ 0.89% BRENT 88.62 ▼ 0.67% WTI 82.22 ▼ 1.21% IRON ORE 161.91 — — COPPER 6.49 ▲ 3.02% GOLD 4,076 ▲ 1.64% SILVER 59.33 ▲ 4.45% SOY 1,227 ▲ 0.06% CORN 472.50 ▲ 5.12% WHEAT 672.25 ▼ 0.26% COFFEE 308.70 ▼ 6.01% SUGAR 14.91 ▲ 0.61% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.87 ▲ 3.23% COCOA 5,664 ▲ 2.37% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,168 ▲ 1.44% ETH 1,935 ▲ 1.62% SOL 78.57 ▲ 1.00% XRP 1.13 ▲ 2.03% BNB 576.42 ▲ 1.00% ADA 0.18 ▲ 3.54% DOGE 0.07 ▲ 1.43% AVAX 6.67 ▲ 1.43% LINK 8.73 ▲ 1.66% DOT 0.86 ▲ 3.49% LTC 47.54 ▲ 0.43% BCH 223.65 ▲ 1.70% TRX 0.33 ▼ 0.05% XLM 0.19 ▲ 1.37% HBAR 0.07 ▲ 1.09% NEAR 2.02 ▲ 1.99% ATOM 1.51 ▲ 0.87% AAVE 94.62 ▲ 5.40% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,614 ▲ 0.92% USD/ZAR16.43▼ 0.62% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,185 ▲ 0.17% NIFTY 24,152 ▼ 0.36% KOSPI 6,748 ▲ 3.56% JCI 6,332 ▲ 1.60% USD/JPY162.61▲ 0.07% USD/CNY6.77— 0.00% DAX 24,874 ▲ 0.11% CAC 8,349 ▲ 0.11% FTSE 10,502 ▼ 0.22% MIB 52,087 ▲ 0.43% IBEX 19,255 ▲ 0.25% STOXX 640.45 ▲ 0.13% EUR/USD1.14▲ 0.09% GBP/USD1.34▼ 0.04% SPX 7,443 ▼ 0.19% DJI 51,839 ▼ 0.59% NDX 28,604 ▲ 0.04% RUT 2,942 ▼ 0.67% TSX 34,960 ▼ 0.86% VIX 18.65 — 0.00% USD/CAD1.41▼ 0.04% US10Y 4.5980 ▲ 1.26% IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL 5.08 ▼ 0.17% USD/MXN 17.39 ▼ 0.22% USD/CLP 933.60 ▼ 0.15% USD/COP 3,254 ▼ 0.44% USD/PEN 3.39 ▲ 0.10% USD/ARS 1,481 ▼ 0.03% USD/UYU 40.19 ▼ 0.10% USD/PYG 6,031 ▲ 1.52% USD/BOB 10.75 ▲ 2.22% USD/DOP 58.25 ▲ 0.02% USD/CRC 447.35 ▲ 1.43% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.60% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.80 ▼ 0.89% BRENT 88.62 ▼ 0.67% WTI 82.22 ▼ 1.21% IRON ORE 161.91 — — COPPER 6.49 ▲ 3.02% GOLD 4,076 ▲ 1.64% SILVER 59.33 ▲ 4.45% SOY 1,227 ▲ 0.06% CORN 472.50 ▲ 5.12% WHEAT 672.25 ▼ 0.26% COFFEE 308.70 ▼ 6.01% SUGAR 14.91 ▲ 0.61% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.87 ▲ 3.23% COCOA 5,664 ▲ 2.37% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,168 ▲ 1.44% ETH 1,935 ▲ 1.62% SOL 78.57 ▲ 1.00% XRP 1.13 ▲ 2.03% BNB 576.42 ▲ 1.00% ADA 0.18 ▲ 3.54% DOGE 0.07 ▲ 1.43% AVAX 6.67 ▲ 1.43% LINK 8.73 ▲ 1.66% DOT 0.86 ▲ 3.49% LTC 47.54 ▲ 0.43% BCH 223.65 ▲ 1.70% TRX 0.33 ▼ 0.05% XLM 0.19 ▲ 1.37% HBAR 0.07 ▲ 1.09% NEAR 2.02 ▲ 1.99% ATOM 1.51 ▲ 0.87% AAVE 94.62 ▲ 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Tuesday, July 21, 2026

Africa Central Africa

East African Federation: A New Giant in the Making

By · July 23, 2024 · 4 min read

Africa Intelligence

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The East African Federation (EAF) stands as a bold vision of unity among East African Community (EAC) member states.

This proposed political union includes Burundi, Kenya, Rwanda, South Sudan, Tanzania, Uganda, the Democratic Republic of the Congo (DRC), and Somalia.

The idea, rooted in the 1960s, saw revitalization with the EAC’s re-establishment in 2000 after its collapse in 1977 due to political differences.

The East African Federation is not yet a reality, but many preparatory steps have been taken.

Various institutions and governing bodies are in place, with representatives from all related nations collaborating towards this union.

Today, the EAF represents a combined GDP of approximately $275 billion, making it one of Africa’s largest economoes together with South Africa $401 billion, Egypt $348 billion and Nigeria $253 billion.

East African Federation: A New Giant in the Making. (Photo Internet reproduction)
East African Federation: A New Giant in the Making. (Photo Internet reproduction)
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Spanning 5,449,717 km² (2,104,147 sq mi), the East African Federation (EAF) would be Africa’s largest country and the world’s seventh-largest, surpassing India. It would stretch across the continent from the Indian Ocean to the Atlantic Ocean.

The federation would encompass over 350 million people, with a GDP per capita of $2,991. This immense economic potential is driven by rich natural resources, including gold, diamonds, copper, cobalt, coltan, and oil.

Economic and Political Benefits

Economic integration could eliminate tariffs and harmonize trade regulations, boosting intra-regional trade.

A planned common currency by 2031 aims to stabilize economies and reduce transaction costs. Free movement of people, goods, and services would enhance social cohesion and cultural exchange.

A unified political entity would wield greater influence in global diplomacy and trade negotiations. Moreover, a federated structure could better manage regional conflicts, promoting peace and stability.

Challenges and Obstacles

Economic disparities among member states could lead to unequal benefits. Concerns over political sovereignty and the complexity of creating a unified framework present significant hurdles.

Infrastructure development and policy harmonization remain challenging due to varying national policies.

Geopolitical Impact of DRC’s Inclusion

The inclusion of the DRC significantly boosts the EAF’s geopolitical relevance. The DRC’s vast natural resources and large population enhance the EAF’s economic and strategic profile.

Access to both the Atlantic and Indian Oceans elevates the EAF’s maritime importance, transforming it into a crucial hub for global trade.

Population Growth and Its Impact

The EAF’s member states are among the fastest-growing populations globally, with an annual growth rate of about 3.1%.

The Union is expected to be one of the world’s most populous countries by 2025, alongside India, Nigeria and Pakistan. By 2050, the EAF’s population could exceed 450 million.

This population boom will significantly increase the EAF’s economic and political power. A larger population means a larger workforce, boosting productivity and economic growth.

It will also enhance the EAF’s geopolitical influence, making it a critical player in global affairs.

Probability of EAF Formation

The probability of the EAF materializing depends heavily on current political trends and stability within member states.

Recent years have seen mixed signals:

  • Kenya: Politically stable with strong support for the federation.
  • Rwanda: Shows robust support for regional integration but faces regional tensions.
  • Tanzania: Improving regional relations under President Samia Suluhu Hassan.
  • Uganda: Centralized power under Yoweri Museveni raises concerns about democratic processes.
  • South Sudan: Internal conflicts pose significant challenges.
  • DRC: Valuable resources but ongoing conflicts and governance issues present major obstacles.

Current Status and Progress

The EAC has made notable strides:

  • Customs Union (2005): Removed tariffs on internal trade and set common external tariffs.
  • Common Market (2010): Facilitated free movement of goods, services, labor, and capital.
  • Monetary Union: Aims for a single currency by 2031.
East African Federation: A New Giant in the Making - Arusha. (Photo Internet reproduction)
East African Federation: A New Giant in the Making – Arusha. (Photo Internet reproduction)

Support and Opposition

Kenya, Rwanda, and Tanzania strongly support the federation, citing economic and strategic benefits.

However, some states worry about rapid integration and potential dominance by stronger economies like Kenya.

Imagining the EAF: European Union or United States?

The EAF can be imagined as something akin to the European Union, focusing on economic and political integration while allowing member states to retain significant sovereignty.

However, some envision it as a real country, more like Brazil or the U.S., where states operate under a central federal government. This vision aims for deeper integration, with centralized policies and governance.

Future Prospects

The full political federation’s timeline remains uncertain, requiring continuous consultations and a regional constitution. This process aims to address diverse member concerns and ensure inclusive progress.

Capital and Governance

Arusha, Tanzania, a strong contender due to its central location and established infrastructure, might become the federation’s capital. Swahili is suggested as the official common language .

Conclusion

The East African Federation symbolizes an ambitious vision for regional integration, promising substantial benefits but facing significant challenges.

The inclusion of the DRC amplifies its economic and geopolitical importance, potentially transforming the EAF into a major regional power.

Part of our ongoing coverage

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