It will be a lot easier and cheaper to transfer money across four countries in East Africa on different telecommunication platforms following the adoption of harmonised money transfer services.
Uganda, Kenya, Rwanda and South Sudan have adopted the harmonised money transfer guidelines and uniform rates developed by their central banks and communication commissions with the aim of boosting trade in the region.
According to Joseph Nyagah, Kenya’s national co-ordinator for the Northern Corridor Integration Programme, the new harmonised rates will be formally published but will become operational immediately after the Northern Corridor Heads of State Summit scheduled for October 17. Read more. Source | East African