Tanzania, Rwanda and Uganda Join to Form One Stock Market

Uganda, Rwanda and Tanzania are set to start trading as a single market before the end of 2020, after connecting their trading systems and linking to the East African Community (EAC) Capital Markets Infrastructure Information (CMI) technology platform. This means they can operate as a single market with a view to reduce the cost and time of trading in shares of companies listed on markets across the borders. Investors in the three countries will buy and sell shares of companies listed in any of the countries without going through different stockbrokers. The East Africa Securities Exchange Association has said the project that has been five years in the making, will remove obstacles on stock trading in regional markets, spur activities and boost liquidity in underperforming markets once operational.

Stock market (file photo).

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