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Single East African Currency Encouraged

A report by the African Development Bank says that if a monetary union is achieved, it will benefit in a greater macroeconomic convergence in the region.

  • East Africa:   AfDB Pushes for Single Regional Currency

    New Times, 12 January 2013

    A new report by African Development Bank has proposed the establishment of a single currency in the Common Market for East and Southern Africa (Comesa) member countries, a move… Read more »

In2EastAfrica

Rwandan franc.

  • East Africa:   Will New EAC Learn From Old?

    Observer, 30 December 2012

    The new East African Community has a membership of five partner states, up from the original three that founded the EAC in 1967 and dissolved it in 1977. Read more »

  • Tanzania:   Kikwete Cautions EAC On Monetary Union

    Arusha Times, 8 December 2012

    President Jakaya Kikwete has advised the East African Community Secretariat in Arusha to be cautious as far as the proposed monetary union in the region is concerned. Read more »

  • Tanzania:   Kikwete for Gradual Monetary Union

    Daily News, 29 November 2012

    PRESIDENT Jakaya Kikwete has advised the East African Community (EAC) Secretariat here to take things slowly as far as the proposed Monetary Union in the region is concerned. Read more »

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