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World Bank rolls out plan to slash EAC internet costs, fuel regional trade

World Bank rolls out plan to slash EAC internet costs, fuel regional trade

  • The World Bank is set to finance a new digital harmonization project across EAC member states.
  • Currently, internet prices in the region range from $4.64 in Kenya to $21.06 in South Sudan.
  • Integrated connectivity is poised to improve regional trade and boost integration efforts.

EAC internet prices vary greatly among East African countries even though the region boasts of being a single, integrated entity, the East African Community (EAC). The  region is, however, taking action to integrate its connectivity, in particular, lowering by seeking to cut present high internet connection fees and improving cyber security as well.

This ambitious goal is set to be achieved through a new World Bank-backed platform, Eastern Africa Regional Digital Integration Project (EARDIP). Funded by the World Bank, the EARDIP is an undertaking under the Intergovernmental Authority on Development (IGAD).

To achieve these two basic goals— lower internet and telecommunication fees and improved security— the …

The post World Bank rolls out plan to slash EAC internet costs, fuel regional trade appeared first on The Exchange.

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