Climate change could derail EAC economies, central bank bosses warn

Central Bank of Kenya Governor Kamau Thugge. [Boniface Okendo, Standard]

Central banks from the East African Community (EAC) bloc are raising the alarm on climate change and its impact on the regional economies.

They see it as a major threat to the region's economies and are now calling for a stronger response from respective governments. Led by Kenya's Central Bank (CBK) Governor Kamau Thugge, the banking regulators warned in a statement that the negative impacts of climate change are already evident.