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