The East African Community (EAC) has launched the EACBond, a regional customs guarantee aimed at simplifying cargo movement across partner states by replacing the multiple national bonds currently required.

Unveiled in Kampala, Uganda, the EACBond allows traders to use one regional bond to transport goods across borders, significantly reducing costs, delays, and capital tied up in deposits.

The system is being piloted in Uganda, Kenya, and Rwanda, with future expansion planned across the entire bloc. It integrates with automated customs and cargo tracking systems to enhance transparency and reduce fraud.

Officials hailed the initiative as a “game changer” for trade. Uganda’s Minister James Ikuya said it would boost exports and lower trade barriers, while EAC Secretary General Veronica Nduva noted the bond would unlock capital for investment and job creation.

Each year, goods worth over $35 billion move through the region, and the EACBond is expected to make this trade faster, cheaper, and more efficient.