Estimated reading time: 3 minute(s)
Originally published 2.25.09
Cedric Muhammad, Chief Economist of CM Cap Consulting (http://cmcap.com/) is currently en route to Nairobi, Kenya, to participate in next week’s monetary conference convened by the African Union Commission (http://www.africa-union.org/). Similarly to the European Union’s historic achievement last decade, the African Union (AU) is progressing toward the establishment of a ‘United States of Africa.’ A single currency has been agreed upon as an essential element in this monumental effort.
Cedric was selected for his proposal for an optimal approach to introducing a single African currency, backed by gold, and has been invited to present; participate in dialogue and debate with his fellow Congress Members; and finally to advise and plan with AU and African economic officials.
“This is a tremendous honor and responsibility. The importance of this effort cannot be understated. In my view the cultural, political and economic integration of Africa is more monumental than the establishment of the European Union and possibly, even, the United States of America,” Cedric Muhammad stated prior to departing.
Read More At: www.cedricmuhammad.com