East African Community producers and consumers on both sides of all borders) and losers (smugglers and the customs, police and local government officers who currently benefit from bribery at and around the borders) in the border areas. More substantial impact could be attained by a new generation of investments in world-market production based on the region's comparative advantages in natural resources (especially mining and agriculture) and the new tariff structure creates marginally better conditions for world-market exporters, by cheapening inputs and by reducing upward pressures on the exchange rate. On 1 July 2010, Kenyan President Mwai Kibaki launched the East African Common Market
Mwai Kibaki as Vice President, was known as the "Grand Coalition Government". The Kibaki presidency set itself the main task of reviving and turning round country after years of stagnation and economic mismanagement during the Moi years – a feat faced with several challenges, including the aftermath of the Nyayo Era (Moi Presidency), western donor fatigue, the President's ill health during his first term, political tension culminating in the break-up of the NARC coalition, the 2007–2008 post election violence, the 2007–2008 Global Financial crisis, and a tenuous relationship with his coalition partner, Raila Odinga, during his second term. President Kibaki, the economist