EAC explores potential of common digital cash
The present EAC payments system has been dogged by difficulties in funding arrangements of the regional currencies from regional commercial banks.
Source: theeastafrican.co.ke
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EAC eyes digital money to level cross-border transactions
EAC Secretariat says technology has created a potential for new forms of payments.
Source: businessdailyafrica.com
Harmonisation of taxes remains elusive as states stick to own rates
The East African Tuesday February 23 2021 Summary Source close to the negotiations told The EastAfrican that the technical experts from member countries tasked with harmonising the varying tax rules and rates in the region have not held sessions for over a year after some member countries raised concerns over the plan to harmonise value added tax (VAT), Income tax and Excise tax. Advertisement East Africa’s grand plan of harmonising domestic taxes to eliminate harmful tax competition and promote the region as a single investment destination faces headwinds as partner states develop cold f...
Source: theeastafrican.co.ke