By Caroline Namanda
 Uganda, Kenya, Rwanda and South Sudan have adopted the harmonized money transfer guidelines and uniform rate developed by the Central Banks and communication commissions with the aim of boosting trade in the region. It will be a lot easier and cheaper to transfer money across the four countries. This will ease trade too. Although this will affect traditional money transfer firms like western union, Express money and Money Gram due to stiff competition, some have already partnered with a number of mobile money platforms in the EAC. Banks to have partnered with the mobile companies to benefit from the arrangements. Mobile companies involved include; Vodafone – owns 40% of Safari com, MTN Uganda and Rwanda , Safari com Kenya : mobile money and M-pesa.
