East African states clash over location of regional central bank

‘Verification exercise’ gave Tanzania highest score, prompting Uganda and Kenya to object


The member states of the East African Community are at odds over the future home of their common central bank, regional media report.

The dispute arose after a report named Tanzania, the EAC’s second-largest economy, as the best host of the proposed East African Monetary Institute (EAMI). Two of the community’s other members, Uganda and Kenya, rejected the report’s conclusions.

Kenya complained that the ‘verification exercise’ showed “a clear bias” against it. Uganda wanted the EAC’s council

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account