East Africa: Target Investors From Asia, East African Bourses Urged

East African markets need to attract big buyers as trading has been hit by subdued demand and falling share prices. The region, deal markers suggest, should offer more incentives such as lower withholding tax on dividends for non-East African Community investors.

Currently, the markets are dominated by American, European and regional investors, whose appetite for shares in regional stocks has diminished as they opt for cheaper bargains in other markets.

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