CBK boss optimistic as banks’ first quarter profits hit Sh54.8b

Treasury cabinet secretary Henry Rotich addressing the press on the eurobond at statehouse flanked by central Bank governor Njuguna Ndung’u and solicitor general Njee Muturi. [PHOTO: TABITHA OTWORI]

NAIROBI, KENYA: The dream of a common currency for the East African Community (EAC) countries could come true within the timeline set under the Monetary Union Protocol.

The protocol was signed by the EAC Heads of State in November last year. According to Central Bank Governor Njuguna Ndung'u, EAC Central Banks have already started harmonising their supervisory and regulatory rules and practices.