Kenya sells a political solution to bloc’s row on monetary institute
Burundi's President Evariste Ndayishimiye hands over a court gavel to South Sudan President Salva Kiir as EAC Chairman Peter Mathuki (C) looks onwards during the EAC Summit of heads of state in Arush, Tanzania on November 24, 2023. PHOTO | COURTESY
Three East African Community (EAC) partner states that earlier rejected the process used to determine who should host the East African Monetary Institute (Eami) have proposed a new formula, choosing a political solution as proposed by Kenya.
“What Kenya is saying is that since this process is time-consuming, money-consuming and does not yield what it is supposed to yield, why can’t we vacate it for now and use a political process to allocate the institutions that are on the table currently?” said Abdi Duba, Kenya’s Principal Secretary for EAC Affairs.
