@article{2026:ocen:an_assessm,
title = {An Assessment of the Legal Framework for the East African Monetary Union (EAMU): A Case Study of the EAC and Uganda},
year = {2026},
note = {The legal framework of the East African Monetary Union (EAMU) consists
of both EAC legal instruments and Partner State legal instruments. The
Community legal instruments designate the priority areas for
harmonisation in preparation for the EAMU. These guides on which
Partner State laws may be relevant to the EAMU. Laws on banking,
taxation, payment systems, and other commercial laws regulate fiscal
policy, monetary policy, exchange rate policy, surveillance,
compliance, and payment systems. These are also the areas envisaged
under the Protocol as priority areas for harmonisation. In our
assessment of the legal framework, therefore, we ask whether the EAC
legal instruments are effective. Issues like lack of strict timelines,
requirement for consensus in making key decisions, failure to explore
and provide for more successful theoretical and practical
alternatives, and lack of enforcement and sanction mechanisms render
these laws ineffective. Regarding Partner State laws, their divergence
from one state to another, non-recognition of EAMU goals, provisions
conflicting with EAMU goals, and political barriers implicit in their
texts present challenges for actualisation of the EAMU. We make
conclusions, and suggest actionable recommendations for stakeholders
at all levels.},
journal = {KAS African Law Study Library},
pages = {24--39},
author = {Ocen, George},
volume = {13},
number = {1}
}