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EAC's vision of a single currency

Published on April 13, 2016

The East African Community (EAC) is now successfully asserting itself as a regional trading bloc. Trade volume may have increased but dreams of monetary union are still far-fetched.

"Between 2005 and 2014, trade within the East African Community (EAC) increased by 300 percent," Dirk Smelty, business consultant with the Tanzanian Chamber of Commerce, Industry and Agriculture told DW.

Kenya, Tanzania and Uganda formed the EAC in 2000 and introduced a customs union five years later. Burundi and Rwanda joined the union in 2007. Read more. Source | DW