Regional Divisions Delay East Africa’s Long-Awaited Common Currency Premium

The East African Community’s vision of a single currency is under threat due to political pressure, staff shortages, and the significant challenge of aligning key economic indicators. Together, these issues have delayed the implementation of the third pillar of regional integration. The proposed single currency was intended to reduce cross-border transaction costs, increase intra-regional trade, and strengthen East Africa’s bargaining power in global markets. It would also spare truck drivers