EAST AFRICA: East Africans will on Saturday witness another milestone as the region seeks growth and development through integration. In Kampala, the five EAC Heads of State will be signing to commit respective member states to use of a single currency across the region.
The Monetary Union, as it is commonly known, is the region’s third protocol after the Customs Union and the Common Market Protocol. It is a precursor to adopting a single currency over the next decade.