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data-uk-grid-match data-uk-grid-margin> <div class="tm-main uk-width-medium-7-10"> <main id="tm-content" class="tm-content"> <div id="system-message-container"> </div> <article class="uk-article" > <h1 class="uk-article-title"> Monetary Union </h1> <p class="uk-article-meta"> Posted in <a href="/monetary-union/14-integration-pillar">Integration Pillar</a> </p> <h2><strong>What is the Monetary Union?</strong></h2> <p>The East African Monetary Union (EAMU) is an important stage in the process of East African Community (EAC) Regional Integration. The EAMU Protocol was adopted in accordance with the EAC Treaty and signed on 30th November 2013; it lays groundwork for a monetary union within 10 years and allows the EAC Partner States to progressively converge their currencies into a single currency in the Community.</p> <p>In the run-up to achieving a single currency, the EAC Partner States aim to harmonise monetary and fiscal policies; harmonise financial, payment and settlement systems; harmonise financial accounting and reporting practices; harmonise policies and standards on statistical information; and, establish an East African Central Bank.</p> <h3><strong>Sectors under the Monetary Union:</strong></h3> <div class="uk-grid" data-uk-grid-margin=""> <div class="uk-width-medium-1-2" uk-row-first=""> <div class="uk-panel uk-panel-box"> <div class="uk-panel-teaser"> <div class="uk-panel uk-panel-header"> <h4><a href="/financial"><strong><span style="color: #48a6db;">Financial</span></strong></a></h4>  </div> <div><img src="/images/images/financial-highlight.png" alt="financial highlight" width="360" height="80" /></div> <p>Co-operation in monetary and fiscal matters in order to establish monetary stability within the Community, aimed at facilitating economic integration efforts and the attainment of sustainable economic development of the Community.</p> </div> </div> </div> <div class="uk-width-medium-1-2" uk-row-first=""> <div class="uk-panel uk-panel-box"> <div class="uk-panel-teaser"> <div class="uk-panel uk-panel-header"> <h4><a href="/investment"><strong>Investment Promotion and Private Sector Development</strong></a></h4> <img src="/images/images/investment-highlight2.jpeg" alt="investment highlight2" width="360" height="80" /></div> <p>Providing an enabling environment for the private sector to take full advantage of the Community through the promotion of a continuous dialogue with the private sector to help create an improved business environment and enhancing investor confidence in the region.</p> </div> </div> </div> <div class="uk-grid" data-uk-grid-margin=""> <div class="uk-width-medium-1-2" uk-row-first=""> <div class="uk-panel uk-panel-box"> <div class="uk-panel-teaser"> <div class="uk-panel uk-panel-header"> <h4><strong><span style="color: #48a6db;"><a href="/trade">Trade</a></span></strong></h4>  </div> <div><img src="/images/images/trade-highlight2.jpeg" alt="trade highlight2" width="360" height="80" /></div> <p>Rationalising investments and the full use of established industries to promote efficiency in production, as well as harmonising trade policies, investment incentives and product standards, with a view to promote the Community as a single investment area</p> </div> </div> </div> </div> </div> </article> </main> </div> <aside class="tm-sidebar-a uk-width-medium-3-10"><div class="uk-panel uk-panel-box"> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">☘️ On the sidelines of the 38th <a href="https://twitter.com/hashtag/AUSummit?src=hash&ref_src=twsrc%5Etfw">#AUSummit</a> , EAC SG <a href="https://twitter.com/SGNduva?ref_src=twsrc%5Etfw">@SGNduva</a> held a meeting with the Special Envoy to the UN Secretary General for the Great Lakes Region in Africa,H.E. Huang Xia. <br />Discussions centred on supporting peace & security initiatives & regional dvpt. <a href="https://t.co/K786Bw4Gm9">pic.twitter.com/K786Bw4Gm9</a></p> — East African Community (@jumuiya) <a href="https://twitter.com/jumuiya/status/1890049825561051357?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote> <script src="https://platform.twitter.com/widgets.js" charset="utf-8" async="async"></script></div></aside> </div> <section id="tm-bottom-a" class="tm-bottom-a uk-grid" data-uk-grid-match="{target:'> div > .uk-panel'}" data-uk-grid-margin><div class="uk-width-1-1"> <div class="uk-panel uk-panel-box"> <hr style='background-color:#48a6db;border-width:0;color:#48a6db;height:5px;line-height:0;text-align:left;width:90%;'/></div></div> </section> <section id="tm-bottom-b" class="tm-bottom-b uk-grid uk-grid-divider" data-uk-grid-match="{target:'> div > .uk-panel'}" data-uk-grid-margin> <div class="uk-width-1-1 uk-width-medium-1-5"><div class="uk-panel"> <h5><strong>East African Community</strong><br /> EAC Close <br />Afrika Mashariki Road<br /> P.O. 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