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Kenya cautious about EAC single currency plan
The region’s monetary union seeks to unite fiscal and trade policies of members, allowing citizens to trade and interact freely. Photo/PHOEBE OKALL
Anxiety has hit Kenya’s economic sector as the five East African countries start fresh talks to introduce a single currency — even as disputes delay other integration plans.
Top government officials from member states who concluded a four-day preparatory meeting in Arusha last week are expected to begin a final round of talks on the monetary union protocol, setting the stage for the launch and eventual adoption of a single currency next year.
