esides economic cooperation and integration, the East African Community is involved in stabilization efforts in the region. For instance, it is playing a key role in organizing the peace process in DR Congo, which has been troubled by recurring conflict since the 1990s.
A single currency for the East African Community (EAC) can be achieved within the next three or four years, Peter Mathuki, the bloc’s secretary general, has reportedly said.
"This year will are going to finalize where we will have the East Africa Monetary institute – the constitution that will create a roadmap for having one currency. Hopefully in the next 3-4 years will have a common currency," the official said.
The initial deadline for the project was 2024, but a technical working group later said that it should be moved to 2031. According to the secretary general's latest statements, the plan could be implemented sooner than expected.
"The single currency will ease business and movement of persons within the region. It is in line with our goal to make the region borderless so that people can move and trade freely as envisioned in the Common Market Protocol," Mathuki pointed out.
The Common Market Protocol has been in force since 2010 with the goal of creation of the common currency, and, in eventually, a full political federation.
Mathuki also stressed the positive trends in the development of intra-bloc trade, noting that the value of trade between member states reached $9.5 billion in 2022, compared to the 2019 figure of $7.1 billion.
It has also been reported that the EAC is sending a delegation to Somalia in connection with the country’s intention to join the bloc. Representatives of the Horn of Africa nation applied for Somalia's membership in the community in March 2012.
According to Mathuki, Somalia's entry to the organization could be of great value for the EAC.
"The exploitation of Somalia’s blue economy resources such as fish and the expansive coastline is also set to boost the regional economy," he noted.
East African nations have a long history of close cooperation. One of the successive regional organizations, the EAC was created in 1967 and was active before its dissolution in 1977. The bloc was reestablished in 2000, currently consisting of the Democratic Republic of the Congo, Tanzania, Kenya, Burundi, Rwanda, South Sudan, and Uganda. Since 2008, the bloc has been part of a common free trade area with the Southern African Development Community and Common Market for Eastern and Southern Africa.
https://sputniknews.com/20230114/eac-single-currency-can-be-achieved-in-three-or-four-years---secretary-general-1106313207.html
Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
Sergey Shoigu has cautioned Finland and the Baltic states against allowing Kiev to use their airspace for attacks on Russia.
Russia would have the right to retaliate if Finland and the Baltic states are deliberately allowing Ukrainian drones to pass through their airspace, Security Council Secretary Sergey Shoigu said on Thursday.
“Recently, there has been an increase in Ukrainian drone strikes against Russia via Finland, Lithuania, Latvia, and Estonia,” Shoigu told journalists. “As a result, civilians are suffering and significant damage is being caused to civilian infrastructure.”
Either Western air defenses are proving ineffective, or these four countries “deliberately provide their airspace, thereby becoming open accomplices in aggression against Russia,” he added. In the latter case, Moscow has the right to self-defense in response to an “armed attack” under Article 51 of the UN Charter, the security chief stressed.
In recent weeks, Kiev has intensified drone strikes on ...
