which would later become the East African Central Bank that would issue a single currency. The main benefits of a monetary union are the reduction in transaction costs, savings in international ...

The East African Community (EAC ... bringing hope for fresh ideas to re-energise the implementation of the single currency regime after the initial deadline of 2024 was extended to 2031.

A single currency would not only help to boost economic growth in Africa, but also bring greater stability, reduce the cost of doing business, and increase the competitiveness of African products ...

Ecowas has been struggling to keep its membership intact after Mali, Burkina Faso and Niger, all junta-led states, decided to quit the bloc in January and sever ties with France ...