East Africa tries, again, to integrate its capital markets
Chief executives and senior officials from regional exchanges, regulators, central banks, depositories and the EAC Secretariat met in Arusha to map the next phase of the East African Capital Markets Infrastructure project.
East African stock market chief executives are seeking to revive the long-stalled Capital Markets Infrastructure (CMI) project, a regional initiative aimed at electronically linking exchanges to boost cross-border trading, deepen liquidity and expand investment opportunities.
The project, under development for more than a decade, seeks to connect eight stock markets —Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan, Somalia and the Democratic Republic of Congo (DRC) — into a single trading network aligned with the East African Community (EAC) integration agenda.
