Integration of capital markets will improve EA economy- EAC official

Integration of the East African capital markets will attract more investors to buy and sell securities in any of the five countries’ without restrictions, Alloys Mutabingwa, the Deputy Secretary General of EAC said last week. Mutabingwa visited the Capital Market Advisory Council (CMAC) to assess its progress and readiness for integration, a process currently being conducted in all EAC capital markets.

Integration of the East African capital markets will attract more investors to buy and sell securities in any of the five countries’ without restrictions, Alloys Mutabingwa, the Deputy Secretary General of EAC said last week.

Mutabingwa visited the Capital Market Advisory Council (CMAC) to assess its progress and readiness for integration, a process currently being conducted in all EAC capital markets.

“Rwanda is advancing well in the capital markets; Bralirwa Industry, which was listed recently, has recorded significant success due to the openness of the market,” Mutabingwa said.

“When the laws and market regulations are revised and finally merged, it will attract more investors who want to diversify their investments and also allow governments with less domestic savings to borrow abroad to pursue their policy targets.”

He added that a company listed across the region will face less regulations and complexities due to the harmonised legislations.

Mutabingwa also urged authorities in the region to ease operations of small border markets as they provide income to low income earners.

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