Conflict over payment delays project to link East Africa stockmarkets
Online trading at the Nairobi Securities Exchange. EAC Secretariat has rejected arbitration over non-payment of $777,649 to the contractor of the regional capital markets infrastructure project that has failed to take off in time. FILE PHOTO | NATION
The East African Community Secretariat has rejected arbitration over non-payment of $777,649 to the contractor of the regional capital markets infrastructure project that has failed to take off in time, raising its implementation costs by $1.8 million.
This means regional investors will have to wait longer to start buying and selling shares of companies located in different EAC countries without going through different brokers.
