[1] The single African currency is to be composed of currency units made up of regional union reserve bank currency units of which are made up country specific currencies (The Arab Maghreb Union (AMU) - Northern Afriq, Southern African Development Community (SADC) - Southern Afriq, Economic Community of West African States (ECOWAS) - Western Afriq or ECO, East African Community (EAC) - Eastern Afriq, Common Market for Eastern and Southern Africa (COMESA) - Central Afriq etc.).
Additionally, the Common Monetary Area links several countries in Southern Africa based on the South African rand.
In 2002, Mansour Ciss and Baruch Gottlieb created a "prototype" currency, called the AFRO, which they presented at the Dakar Biennale of Contemporary African Art on May 10.
[6] In 2015, Anthony Maruping stated that Kenya, Uganda, Tanzania, Rwanda and Burundi were committed to join a common currency in the next ten years.
[citation needed] Egypt, Eswatini, and Lesotho have logged reservations over the precise date of monetary union and have requested a two- to three-year delay.