East Africa moving towards currency union

Central bank governors from the East African Community (EAC) member states of Kenya, Uganda and Tanzania agreed at the weekend to work towards monetary union.

According to a statement from the EAC Secretariat issued in Nairobi on Saturday 7 May Tanzania's Daudi Ballali, Kenya's Andrew Mullei and Emmanuel Tumusiime-Mutebile of Uganda also reaffirmed their commitment to support sustainable development in the region.

"The governors reaffirmed their commitment to support sustainable development in