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The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued by the East African Currency Board . It is also the proposed name for a common currency that the East African Community plans to introduce.
[21] [22] It allowed the exchange of goods from East and Southeast Asia on one end, all the way to Europe and eastern Africa on the other. [ 22 ] Although usually spoken of in modern times in the context of Eurocentric and Sinocentric luxury goods, the goods carried by the trading ships varied by which product was in demand by region and port.
A map of East Africa showing some of the historically active volcanoes (as red triangles) and the Afar Triangle (shaded at the center), which is a so-called triple junction (or triple point) where three plates are pulling away from one another: the Arabian Plate and two parts of the African Plate—the Nubian and Somali—splitting along the East African Rift Zone Main rift faults, plates ...
Occurring between July 2011 and mid-2012, a severe drought affected the entire East African region. [7] Said to be "the worst in 60 years", [8] the drought caused a severe food crisis across Somalia, Djibouti, Ethiopia and Kenya that threatened the livelihood of 9.5 million people. [6]
The Manila galleon (Spanish: Galeón de Manila; Filipino: Galyon ng Maynila), originally known as La Nao de China, [1] and Galeón de Acapulco, [2] refers to the Spanish trading ships that linked the Spanish Crown's Viceroyalty of New Spain, based in Mexico City, with its Asian territories, collectively known as the Spanish East Indies, across the Pacific Ocean.
The East Africa Force on the southern front included the 1st South African Division, the 11th (African) Division and the 12th (African) Division (Major-General Reade Godwin-Austen) (The African divisions were composed of East African, South African, Nigerian and Ghanaian troops with British, Rhodesian and South African officers.) [126] In ...
AFTA was officially implemented in 1993, where the time frame of application was shortened from 15 to 10 years. [17] The integration of CEPT and AFTA was presented by Akrasanee, where the CEPT rates of 0%–5% were defined as free trade rates. Member countries were granted the timing to reduce their tariff rates to 0%–5% within 15 years.
[7] [8] [9] Beginning with the 1969 Philippine balance of payments crisis, these resulted in a spike in unemployment, an urgent need for foreign exchange to resolve the country's balance of payments, and a period of social unrest that kicked off with what is now known as the First Quarter Storm. [10]
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