Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Tanzania: East Africa Hopes to Have Regional Stock Exchange in a Year – Experts
Source: allAfrica.com
Source Date: Tuesday, July 09, 2013
Focus: Knowledge Management in Government, Institution and HR Management
Country: Tanzania
Created: Jul 09, 2013

The regional stock exchange would involve the integration of capital markets of four Eastern African countries, including Kenya, Uganda, Tanzania, Rwanda. Burundi, currently does not have a stock market.
Kitariko said while it has taken a long time to integrate the stock exchanges, given that the EAC Common Market Protocol was signed in 2007, as long as countries have the political will, he was optimistic it would happen within the envisaged period. He added that the integration of the stock exchange will create a much bigger market for the region, and a larger pool of capital for investment.
The combined capitalization of the four Eastern African stock exchanges is equal to an average US$ 31 billion, more attractive to investors than that of individual national exchanges.
Dar es Salaam Stock Exchange (DSE) Chief Executive Director, Mr Gabriel Kitua, said the Dar bourse was ready for the regional exchange as it would be a magnet for investments into the region, especially for Uganda and Tanzania.
"The DSE and USE have long been dogged by lack of liquidity and outside investor interest as there are simply too few institutions and individuals who wish to invest in East Africa, but the regional market may change things," said Mr. Kitua.
Kitua said the two countries are currently designing an East African Depository Receipt that will allow direct trading of shares and make it easy for investors to move securities from the exchange where they were originally listed, deposit them with a custodian who re-issues them in the new market in the form of depository receipts, which will act like shares.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 186

Comments: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network