In a bold move towards economic unity, the East Africa Community (EAC) has announced plans to implement a single currency within the next four years, despite the pushback by a technical working group that the deadline should be moved to 2031. He also revealed that the Council of Ministers representing the EAC is expected to...
East African Community partner states have failed to agree on which should host the East African Monetary Institute (EAMI), on the key establishments a single currency regime. The East African Community partners submitted their pitches to host the institute that would later transform into a regional central bank. But the EAMI has become a hot...