Vodacom IPO raises questions about EAC’s capital markets integration
Brokers at the Dar es Salaam Stock Exchange. PHOTO | FILE
The integration of capital markets in East Africa faces a severe test with the expected listing of 86 telcos and mining companies at the Dar es salaam Stock Exchange (DSE), where only Tanzanians will be allowed to participate.
The initial public offerings (IPOs) buck the recent trend where citizens of the five EAC member states – Burundi, Kenya, Rwanda, Tanzania and Uganda – were allowed to buy shares in the primary sale.
