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b Mauritius and the Seychelles are to the east and north-east of Madagascar respectively. East Africa Time, or EAT, is a time zone used in eastern Africa. The time zone is three hours ahead of UTC ( UTC+03:00 ), which is the same as Moscow Time, Arabia Standard Time, Further-eastern European Time and Eastern European Summer Time. [1]
The East African Community ( EAC) is an intergovernmental organisation composed of eight countries in East Africa. The member states are the Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda and Tanzania. [5] Salva Kiir Mayardit, the president of South Sudan, is the ...
The East African shilling was introduced to Kenya, Tanganyika, and Uganda in 1921, replacing the short-lived East African florin at a rate of 2 shillings to 1 florin. The florin had been introduced because of increasing silver prices after World War I. At that time, the Indian rupee was the currency of the British East African states.
The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, similar to the euro ; the hypothetical currency is sometimes referred to as the afro or afriq . [1]
The following table provides information on consumer price indices (CPI) with base year 2010 and, in addition, annual growth rate indicator, based on data published by World Bank. [4] [5] After 2016, World Bank excluded Venezuela from the calculation of regional and world aggregations due to its exceptionally high rate of inflation.
The East African Federation ( Swahili: Shirikisho la Afrika Mashariki) is a proposed political union of the eight sovereign states of the East African Community in the African Great Lakes region – Burundi, the Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, Tanzania, Somalia and Uganda – as a single federated sovereign state. [6]
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12] [13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the African continent, distinguished by its geographical, historical, and cultural landscape. Defined in varying scopes, the region is recognized in the United Nations Statistics Division scheme as encompassing 18 sovereign states and 4 territories.