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East Africa Economy - Development | Politics EAC agrees on monetary union afrol News, 22 August - The East African Community (EAC) member countries have endorsed the establishment of customs integration and monetary union by 2012. This would be a prelude to the steps towards turning the economic bloc into a political federation.EAC previously consisted of Kenya, Uganda and Tanzania, but the bloc accepted the membership of Rwanda and Burundi. Its 6th extraordinary summit was held in Arusha, Tanzania. By staff writer © afrol News |
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