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Bloc dismisses fake East African common currency

The secretariat of the East African Community (EAC) regional bloc has dismissed a post on X, formerly Twitter, which claimed that the bloc’s member countries have launched a common regional currency.

The post had been shared on Sunday by a fake X account named “Government of East Africa”.

The account said that the currency was called the East African Sheafra, a combination of the shilling of East Africa and Franc.

The account also shared an image of a fake banknote of the purported single currency.

The post has received over half a million views and was shared by some leading media outlets and online personalities in the region.

The EAC secretariat dismissed the report of a unified regional currency late on Sunday, saying that the creation of a single East African currency “is still a work in progress”.

“Kindly ignore any rumours circulating in social media on the unveiling of new banknotes for the region.”

In 2013, EAC member countries set a target for a single currency by 2024.

The bloc missed the target and pushed the delivery time for the single regional currency to 2031.

 

Source: bbc.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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