{"id":3979,"date":"2010-07-05T19:34:34","date_gmt":"2010-07-06T03:34:34","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=3979"},"modified":"2010-07-24T08:27:08","modified_gmt":"2010-07-24T16:27:08","slug":"east-african-common-market-formed-monetary-2012","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/religious-news\/east-african-common-market-formed-monetary-2012\/","title":{"rendered":"East African Common Market Formed, Monetary Union Planned for 2012"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.cogwriter.com\/africa-countries-EAC.svg.png\" alt=\"\" width=\"250\" height=\"256\" \/><\/p>\n<p style=\"text-align: center;\">Five East African Nations in New Block<\/p>\n<p><a href=\"https:\/\/www.cogwriter.com\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p>Five East African nations became part of a &#8220;common market&#8221; last Thursday.\u00a0 Kenya is likely to have the most single influence:<\/p>\n<blockquote>\n<h2><span style=\"text-decoration: underline;\">Kenya<\/span>: Moment is Nigh to Live the East African Dream<\/h2>\n<p>Gichinga Ndirangu<\/p>\n<p>3 July 2010<\/p>\n<p>opinion<\/p>\n<p>Nairobi \u2014 The excitement that has greeted the launch of the East African Common Market Protocol is understandable. The break-up of the original East African Community in 1977 was a lost opportunity and denied the region a chance to consolidate trade&#8230;<\/p>\n<p>In the intervening period and before EAC leaders began retracing their footsteps to recapture that original vision, other regions, most notably the European Community, bolted out and created a strong market that has since matured into the European Union with its own currency, aligned trade policies and an expanded membership of 25. It is nostalgic to think where East Africa would be had it remained as resolute as the European Community.<\/p>\n<p>The icing on the cake, though, is that from the original three states, Burundi and Rwanda have since crashed into the party aggregating the EAC market to 126 million people. It is widely expected that should the forthcoming referendum in Sudan vote in favour of two states, Southern Sudan will join the EAC in earnest. It is the only logical choice&#8230;<\/p>\n<p><a href=\"http:\/\/allafrica.com\/stories\/201007050057.html\">http:\/\/allafrica.com\/stories\/201007050057.html<\/a><\/p><\/blockquote>\n<p>Furthermore, this group hopes to have monetary union by 2012 and a common currency by 2015:<\/p>\n<blockquote>\n<h2><span style=\"font-family: Arial;\">East African Countries Form a Common  Market<\/span><\/h2>\n<h6><span style=\"font-family: Arial; font-size: small;\">By JOSH KRON<\/span><\/h6>\n<h6><span style=\"font-family: Arial; font-size: small;\">Published: July 1, 2010<\/span><\/h6>\n<p><script type=\"text\/javascript\">\/\/ <![CDATA[\n   var articleToolsShareData = {\"url\":\"http:\\\/\\\/www.nytimes.com\\\/2010\\\/07\\\/02\\\/business\\\/global\\\/02africa.html\",\"headline\":\"East African Countries Form a Common Market\",\"description\":\"The East African Community has a goal of becoming a monetary union, and perhaps eventually a single nation.\",\"keywords\":\"International Trade and World Market,Africa\",\"section\":\"business\",\"sub_section\":\"global\",\"section_display\":\"Business\",\"sub_section_display\":\"Global Business\",\"byline\":\"By JOSH KRON\",\"pubdate\":\"July 1, 2010\",\"passkey\":null}; function getShareURL() {     return encodeURIComponent(articleToolsShareData.url); }    function getShareHeadline() {     return encodeURIComponent(articleToolsShareData.headline); }    function getShareDescription() {     return encodeURIComponent(articleToolsShareData.description); }    function getShareKeywords() {     return encodeURIComponent(articleToolsShareData.keywords); }    function getShareSection() {     return encodeURIComponent(articleToolsShareData.section); } function getShareSubSection() {     return encodeURIComponent(articleToolsShareData.sub_section); } function getShareSectionDisplay() {     return encodeURIComponent(articleToolsShareData.section_display); } function getShareSubSectionDisplay() {     return encodeURIComponent(articleToolsShareData.sub_section_display); } function getShareByline() {     return encodeURIComponent(articleToolsShareData.byline); }    function getSharePubdate() {     return encodeURIComponent(articleToolsShareData.pubdate); }    function getSharePasskey() {     return encodeURIComponent(articleToolsShareData.passkey); }\n\/\/ ]]><\/script><\/p>\n<div>\n<div>\n<div>\n<div id=\"Frame4A\"><!-- ADXINFO classification=\"button_120x60\" campaign=\"foxsearch2010_emailtools_1225558c_nyt5\"--><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p>BUJUMBURA, Burundi \u2014 The world\u2019s newest common market was created Thursday when a regional bloc of five east African countries freed up the movement of people, products and capital across borders, furthering East Africa\u2019s dream of broad political unification.<\/p>\n<p>The transformation and growth of the bloc, known as the East African Community, has been unfolding quickly after being reinvigorated just over 10 years ago. <strong>The bloc aims to become a monetary union by 2012 and have a common currency by 2015, with political federation to come soon after. Ultimately, leaders from the countries talk about becoming a single east African nation.<\/strong><strong>..<\/strong><\/p>\n<p>The community has expressed interest in a common currency, as well as a single tourist visa. The member states are also collaborating on building a regional railway line that would run from the Indian Ocean to Burundi, bordering Lake Tanganyika.<\/p>\n<p><strong>\u201cThe idea of a United States of East Africa<\/strong> is less far-fetched than it was before,\u201d said Pratibha Thaker, regional director for the Economist Intelligence Unit.\u00a0 <span style=\"font-family: Arial;\"> <\/span><a title=\"http:\/\/www.nytimes.com\/2010\/07\/02\/business\/global\/02africa.html?_r=1&amp;ref=world\" href=\"http:\/\/www.nytimes.com\/2010\/07\/02\/business\/global\/02africa.html?_r=1&amp;ref=world\"><span style=\"font-family: Arial;\">http:\/\/www.nytimes.com\/2010\/07\/02\/business\/global\/02africa.html?_r=1&amp;ref=world<\/span><\/a><\/div>\n<\/blockquote>\n<p>Whether or not it will stick together and have its own currency then is not clear.\u00a0 What is clear is that more and more nations are realizing that they need to align with others for their economic (and sometimes military) futures.<\/p>\n<p>The Bible indicates that all none Anglo-nations will likely prosper in the several years.\u00a0 Africa would expect to be doing better economically as well.<\/p>\n<p><em>For further information, please check out the following articles:<\/em><\/p>\n<p><span style=\"color: black;\"><a href=\"\/africa.htm\">Africa:  Its Biblical Past and Prophesied Future<\/a><\/span> What does the Bible  teach about Africa and its future? Did the early Church reach Africa?  Will God call all the Africans?<br \/>\n<a href=\"\/arabprophecy.htm\">The Arab World In  the Bible, History, and Prophecy<\/a> The Bible discusses the origins of  the Arab world and discusses the Middle East in prophecy.  What is ahead  for the Middle East and those who follow Islam? What about the  Imam Mahdi?<br \/>\n<a href=\"\/south.htm\">Is There A Future King of  the South?<\/a> Some no longer believe there needs to be. Might Egypt,  Islam, Iran, Arabs, or Ethiopia be involved? Might this King be called  the Mahdi? What does the Bible say?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five East African Nations in New Block COGwriter Five East African nations became part of a &#8220;common market&#8221; last Thursday.\u00a0 Kenya is likely to have the most single influence: Kenya: Moment is Nigh to Live the East African Dream Gichinga Ndirangu 3 July 2010 opinion Nairobi \u2014 The excitement that has greeted the launch of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3979","post","type-post","status-publish","format-standard","hentry","category-religious-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Five East African Nations in New Block COGwriter Five East African nations became part of a &quot;common market&quot; last Thursday. 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