African central banks introduce supervision system

Central banks in East, Central and Southern Africa have moved closer to future monetary union, with the introduction of a new Bank Supervision Application (BSA) system.

Tumusiime Mutebile, the governor of Bank of Uganda said central banks in the region were closer to attaining complete harmonisation of supervision procedures, which would culminate into a monetary union.

"The Bank Supervision Application project has been the first collaborative effort among central banks in the region. This has

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