Tag: East African Community (EAC)

East African govts urged to fast-track implementation of region’s single currency

September 10, 2023

The East African countries have not done enough to make sufficient progress in delivering on the pending actions outlined in the East African Monetary Union ... Read More

East African economies powering ahead, EAC may become continent’s next regional powerhouse

April 21, 2023

East Africa could soon become Africa’s economic powerhouse if ongoing plans to expand the seven-member East African Community (EAC) are implemented successfully, as latest figures ... Read More

EAC members bicker over who will host regional central bank to be set up in 2023

January 18, 2023

A decision to set up the East African Monetary Institute (EAMI) — the Central Bank of East Africa — which is widely seen as a ... Read More

EAC to provide 7,480 megawatts of electricity by 2022

March 29, 2019

The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity ... Read More