He said that the growth of stock and capital market would help East African countries liberate themselves from dependence on foreign aid.
Companies cross-listing their stocks and offering shares to citizens of the 5 countries without discrimination was one step, he said: "We saw it in Safaricom initial public offering where all citizens of countries in East Africa bought shares as local investors. This was good because it encouraged flow of investment in the region," he said.
The Summit of the East African Community Heads of State met in Dar es Salaam on 19 April and appointed Dr. Richard Sezibera, who was until April Rwanda's Minister of Health, as Secretary-General for a 5-year term.
Tags: African stock exchange, East Africa, integration.
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