The East African Community (EAC) launched EACBond on Monday, August 4, a single customs bond designed to simplify cross-border trade for goods transportation across partner nations. This initiative will allow importers to use one financial guarantee across the region instead of multiple national bonds, significantly reducing trade costs and border delays.

• EACBond aims to unlock $35 billion (Ksh4.5 trillion) worth of goods moving through regional corridors annually.
• The pilot program for EACBond includes Kenya, Rwanda, and Uganda, with a progressive rollout to all eight EAC members.
• EAC Secretary General Veronica Nduva highlighted that high bond requirements and complex border procedures previously constrained regional business operations.