East African securities exchange integration – what’s on in 2015
Securities exchanges in East Africa are working together on infrastructure for tighter cooperation and links between Rwanda, Kenya, Uganda and Tanzania and potentially Burundi through the East African Securities Exchanges Association (EASEA).
Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing
The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air during September and cross-listings of 2 mining firms listed in London. Tanzania is also set to ease controls on the amount of shares foreigners can buy.
Private equity and lenders hop aboard $287m Kenya-Uganda railway
The International Finance Corporation and 6 leading international finance institutions provided $164 million in financing to Rift Valley Railways International to rehabilitate the Kenya-Uganda railway today (2 August).