Kenya’s demands before rejoining bourses integration project
The Nairobi Securities Exchange. A month after indicating it was on its way to re-join The East African Capital Markets Infrastructure Project, Kenya has tabled new conditions for that to happen. PHOTO | FILE | NMG
A month after indicating it was on its way to re-join The East African Capital Markets Infrastructure Project, Kenya has tabled new conditions for that to happen. It is demanding fresh procurement of a software that would link regional stock markets, besides asking for clarity from the East African Community Secretariat on the modalities of financing maintenance of the system.
The EastAfrican understands that the African Development Bank (AfDB) is considering funding the second phase of the project on condition that Kenya — which runs the largest stock market in the region — re-joins.
