EAC on course for single currency by 2031

The journey towards a single East African currency by 2031 remains on course, according to central bank governors from member states. The governors made the announcement during the 29th Ordinary Meeting of the East African Community Monetary Affairs Committee, where they reviewed progress on the region's monetary integration agenda. The meeting noted that partner states have made significant progress in implementing the East African Monetary Union roadmap, including the modernisation and harmonisation of monetary policy frameworks. The governors reaffirmed their commitment to achieving the goals of the Monetary Union as the region works towards adopting a single currency by 2031. Jimmy Mbogoh has more.