Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
After missing the first deadline for the attainment of a monetary union, the East African Community (EAC) secretariat is seeking to revise the macroeconomic convergence targets set in 2013 as pre-requisites to the roll-out of a single currency in the region.
The monetary union dream, the third pillar of the EAC economic integration, was planned to be realised by November 2023, setting the precedent for the issuance of a common currency in the region, but this has been missed.
