Tanzania, Dec. 1 -- Arusha. The East African single currency project is still a long way off.

It may take nearly ten years or more from now for the seven-nation bloc to have one currency.

Initially, the tentative date for the launch of the shared currency was to be 2024, some two years away.

"Technical experts have set a new date for the single currency to be 2031," said Dr Pantaleo Kessy, a monetary expert with the East African Community (EAC).

The new proposed date will, however, be subject to approval by the EAC Council of Ministers during its next sitting in January 2023.

The decision to this effect was made by the EA Finance Ministers during one of their routine meetings held in Arusha two weeks ago.

Adoption of the single curr...