EARDIP EAC

The EAC Monetary Affairs Committee has reaffirmed its commitment to accelerating the implementation of the East African Monetary Union (#EAMU) roadmap and strengthening regional financial integration during its 29th Ordinary Meeting held in Kampala, Uganda. The Committee noted the resilience of the regional economy, with EAC growth projected at 5.2% in 2026, outperforming the Sub-Saharan Africa average of 4.3%, while inflation has eased to 6.7% from 9.6% in the previous financial year. Members reviewed progress towards establishing a single East African currency by 2031, calling for stronger macroeconomic convergence, enhanced peer review mechanisms, and closer policy coordination among Partner States. The meeting also advanced implementation of the EAC Cross-Border Payment System Masterplan, which will facilitate faster, more secure and affordable cross-border payments, improve interoperability, promote financial inclusion and boost intra-EAC trade. Chairperson of the Committee and Governor of the Bank of Uganda, Dr. Michael Atingi-Ego, reiterated that achieving the East African Monetary Union requires sustained commitment, stronger regional institutions and accelerated implementation of agreed reforms. EAC DSG, Ms. Annette Ssemuwemba, @SMannette1 called for sustained partnership, consensus and shared responsibility among Partner States to accelerate the East African Monetary Union agenda, deepen regional integration and create more opportunities for the people of East Africa. 🔗Read more: shorturl.at/LpJ4o @BOU_Official @CBKKenya @BankOfTanzania @CentralBankSo @CentralBoSS_SS @BankiNkuru @CentralBankRw @BCC_RDC #FinancialIntegration #MonetaryUnion #SingleCurrency #DigitalPayments @EARDIP_EAC

The #EAC has tabled a USD 110.9 million Budget for FY 2026/2027 before the East African Legislative Assembly (@EA_Bunge ), marking the start of the 7th EAC Development Strategy (2026/27–2030/31). Achievements worth celebrating: 📈 Economy grew 5.8%(vs global 3.4%) 📊 Intra-EAC trade up 28% → $19.3B 🚛 35 Non-Tariff Barriers resolved + digital customs bond launched 🕊️ Political Confederation talks resume + DRC peace support 🏥 12,500+ patients treated via regional health centres of excellence 🩺 785 postgrads, 3,300+ health pros trained 🚂 EACOP 80% complete | Lake Victoria rescue center operational 🤖 16 AI youth innovators funded ✅ ALL EAC organs received CLEAN (unqualified) audits – accountability on point! EAC 2026/27 Budget Priorities: Total: $110.9M | Theme: "Deepening Commitment & Realising Integration Benefits" The 7 Priorities: 🥇 Institutional Capacity – $70.5M (64%) 🥈 Trade & Value Chains – $11.1M 🥉 Social Integration – $10.7M 4️⃣ Industrialisation – $7.2M 5️⃣ Monetary Union – $4.1M 6️⃣ Infrastructure – $4.0M 7️⃣ Peace & Security – $3.4M What this aims to deliver: ✅ Increased intra-EAC trade ✅Industrial competitiveness ✅Climate resilience ✅Better social services ✅Macroeconomic convergence ✅Lower trade costs ✅Regional peace & security ✅Stronger institutions "This Budget is our shared promise. A promise to our youth that their future is borderless; a promise to our farmers that their market is regional; and a promise to every East African that our prosperity will be shared." — Rt. Hon. Rebecca A. Kadaga @RebeccaKadagaUG ⬇️Download Speech: shorturl.at/qnYrh