An East African Business Week article dated 14 February 2011, contains interesting information on the continuing plans to form an East African Community Monetary Union similar to the European Union, wherein all the partner states will replace their individual currencies—the Burundian franc, Kenyan shilling, Rwandan franc, Tanzanian shilling, and UgandanRead More…

According to an article on allAfrica.com dated 1 February 2011, “the financial authorities in North Sudan told their Southern counterparts that they will discontinue use of the pound after the semi-autonomous region officially becomes an independent state” following last month’s referendum in which 99% of the Southerners voted to separateRead More…