Cicero
JF-Expert Member
- Jan 20, 2016
- 2,924
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Kenya has opted out of the East African Capital Markets Integration (CMI) project that is to be effected later this year in a bid to make trading in shares across the region quicker and cheaper.
Kenya pulled out of the CMI project which is to be launched in September 2018.
WHAT IS THE CMI?
It is a software meant to link the trading platforms of the Nairobi Securities Exchange (NSE), Uganda Securities Exchange (USE), Dar es Salaam Securities Exchange (DSE) and Rwanda Stock Exchange so that they run as a single market in real time. Once connected, investors can buy and sell shares of companies listed in different EAC countries without necessarily going through different brokers.
MY TAKE:
PROTECTIONISM AT ITS RAWEST FORM!
This is another big blow to the integration of the EAC financial sector, a key prerequisite for the monetary union. I say we put pressures on this thomerfucks waache cherry-picking that is not how integration works. You lose some you gain some!
Kenya pulled out of the CMI project which is to be launched in September 2018.
WHAT IS THE CMI?
It is a software meant to link the trading platforms of the Nairobi Securities Exchange (NSE), Uganda Securities Exchange (USE), Dar es Salaam Securities Exchange (DSE) and Rwanda Stock Exchange so that they run as a single market in real time. Once connected, investors can buy and sell shares of companies listed in different EAC countries without necessarily going through different brokers.
MY TAKE:
PROTECTIONISM AT ITS RAWEST FORM!
This is another big blow to the integration of the EAC financial sector, a key prerequisite for the monetary union. I say we put pressures on this thomerfucks waache cherry-picking that is not how integration works. You lose some you gain some!