The East African Community (EAC) has shelved a decision on the host country for the East African Monetary Institute (EAMI), casting uncertainty over Kenya’s longstanding bid to host the transitional institution that will evolve into a regional central bank.
The EastAfrican understands that the Council of Ministers has agreed to review the allocation of all unhosted EAC institutions collectively rather than deciding on the EAMI alone, which had become a source of tension.
