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VOL. 12, ISSUE 2 (2026)
An analysis of the gap between political rhetoric and action of EAC member states towards regional banking sector regulatory Integration
Authors
Lamech Nsamba
Abstract
It has been twenty-five
years since the re-establishment of the East African Community by the Treaty of
1999. The Community has geographically expanded to eight member states,
reflecting its vivacity. While these member states advocate for political unity
and federation driven by regional financial integration, there is a noticeable
lack of commitment in practice. This has resulted into delays in the
implementation of policies and projects aimed at promoting regional banking
sector regulatory integration, such as the establishment of the East African
Central Bank and the East African Single Currency. Thus, this article aims at
analyzing the gap between what is politically preached vis-a-vis the reality in
as far as the integration of the Community’s Banking Sector regulation is
concerned. This study is entirely based on a doctrinal approach encompassing
review of primary sources like treaty, protocols and statutes as well as
secondary data collected from the existing scholarly literature. The findings
reveal the existence of political, social and economic factors which altogether
constitute a gap between the political rhetoric and the practical commitment of
the Community’s member states on the goal towards achieving regional banking
sector regulatory integration. In conclusion, Community Stakeholders are dared
to practice what they preach and fully render their commitment towards ensuring
regional banking sector regulatory integration which will ensure Community’s
financial growth and unity.
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Pages:431-436
How to cite this article:
Lamech Nsamba "An analysis of the gap between political rhetoric and action of EAC member states towards regional banking sector regulatory Integration". International Journal of Law, Vol 12, Issue 2, 2026, Pages 431-436
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