Implementation of the east African community common market protocol: the case of the insurance industry in Uganda

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University of Dar es Salaam
After its collapse in 1977, the East African Community was revived by ratification of the Treaty establishing the East African Community (the Treaty) by Uganda, Kenya and Tanzania1 with Rwanda and Burundi joining later2. As part of the stages of integration, the Treaty provided for the establishment of the Common Market as the second stage after the Customs Union and as an integral part of the Community3. Important to note is the fact that the Common Market is not a phenomenon peculiar only to the recent EAC but was also in place in the former EAC. Noteworthy, one of the causes of the collapse of the former EAC was inequitable distribution of the benefits that were derived from the Common Market. This kind of situation was contributed to by the different levels of economic development of the EAC member states at the time as Uganda and Tanzania felt that Kenya being economically stronger was gaining more from it. In fear of this past experience, the Insurance Industry in Uganda has adopted laws and policies that restrict the free movement of insurance through right of establishment and adopted protective measures from the fervent competition. Indeed, field research affirmed the fact that the Uganda Insurance Industry is not ready to totally liberalise and implement the right of establishment in fear of the infant industry being pushed out of existence by the more developed and financially stronger insurance industries like that of Kenya.
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HF1418.5.A88)
East African Community, Africa, East, Regional economic intergration, Insurance industry, Uganda
Atwiine, R. (2014).Implementation of the east African community common market protocol: the case of the insurance industry in Uganda. Master dissertation, Univeristy of Dar es Salaam.