Dar es Salaam. More than a decade after the East African Community (EAC) agreed to pursue a single currency, the region’s long-anticipated Monetary Union remains elusive, slowed by institutional delays, uneven economic convergence and mounting global pressures.
At the centre of the slowdown is the delayed establishment of key regional institutions, most notably the East African Monetary Institute (EAMI), which is expected to lay the groundwork for a future regional central bank.
