Only four years remain for the East African Community’s Monetary Union to come into effect, and analysts now say that it is almost impossible to beat the 2024 deadline.
On November 30, 2013, EAC Heads of State signed the Monetary Union Protocol in Munyonyo, Kampala, outlining a 10-year roadmap to realise a single currency. In 2014, member states ratified the East African Monetary Union, which is the third pillar in the region’s integration process.
