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East African Community to Decide on Regional Central Bank Launch in 2023

East African Community to Decide on Regional Central Bank Launch in 2023The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help the EAC achieve its goal of attaining a single […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Report: East African Single Currency Unlikely to Be Introduced by 2024

Report: East African Single Currency Unlikely to Be Introduced by 2024There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single Regional Currency a Top Priority […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says