Wednesday, September 9, 2009

Cross-listing in Sub-Sahara Africa

The cross-listing of companies started when firms from Kenya,listed in both Uganda and Tanzania stock exchanges respectively. The signing of East Africa community Treaty in 1999 has gained much prominence in the recent past.

The firms that led the pack include Equity bank,Kenya Airways,East African Breweries Ltd and Jubilee Insurance all Kenya firms.

Rwanda and Burundi has since joined the fray to make a bigger trading block in Sub-Sahara Africa an interesting region to watch in the near future.

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