Your Excellency, Ladies and Gentlemen, economic integration is a vital ingredient of the development and growth of the EAC economies. Elimination of border restrictions between Partner States to allow movement of people and goods will accord EAC economies larger markets; enhanced policy credibility across all spheres of economic management and better coordination and bargaining position in international institutions.
If that were to happen, we could imagine the yuan becoming a major international currency, along with the dollar and the euro. But that is likely to take a long time. And it is an interesting question as to what language will be spoken in that market – I would bet on English.