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Insurance Regulators

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Kenya Insurance Regulatory Authority. Tanzania Insurance Regulatory Authority. Uganda Insurance Regulatory Authority. National Central Banks of EAC Partner States. International Economic and Financial Institutions. Capital Markets Regulators and Stock Exchanges. National Social Security Funds. National Bureaus of Statistics. This converter obtains up to the minute exchange rates from Yahoo Finance. Aluminium Oz. (XAL). Bolivian Bol. (BOB). Cape Ver. Escudo (CVE). Cay Is. Dollar (KYD). CFA Franc BEAC (XAF).

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Capital Markets - An Overview

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Capital Markets - An Overview. The capital markets in the East African Community (EAC) date back to the 1950’s with the establishment of the Nairobi Stock Exchange (NSE) in 1954 in the then East African British Protectorate. The NSE was the stock exchange for the entire East African British Protectorate with listed companies from the present day Uganda, Kenya and Tanzania. Rwanda the other EAC Partner State, was later to follow with the Rwanda Stock Exchange (RSE) in 2011. With respect to clearance and s...

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A Regional Context

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The origins of the East African Community (EAC) can be traced back to the long history of trade, administrative, and socio-cultural ties between Partner States, stretching back nearly a century. The EAC in its present form was formally created to include Kenya, Tanzania, and Uganda in 1999. In 2007, EAC membership was extended to Burundi and Rwanda. Several Kenyan stock broking firms have subsidiaries within the EAC region. These include, Dyer and Blair Investment Bank (Uganda and Rwanda), Faida Secu...

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Bond Market Regulations

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Regulatory Review and Legislative Changes Required to Support the Development of the Bond Markets of East Africa. The regulatory structure for the proposed Over-the-Counter (OTC) bond market in Kenya, Tanzania and Uganda shall include the following:. That the contents of the prospectus or issuance document be the responsibility of the CMA. Prospectus requirements set by the CMAs in respect of corporate bonds or nongovernmental bonds should differentiate between three categories of issues namely:. That th...

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Project Development Objectives

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Following the signature and ratification of the Common Market Protocol, the East African Community (EAC) Secretariat in collaboration with the World Bank and other development partners established the EAC Financial Sector Development and Regionalization Project (EAC - FSDRP ). The FSDRP I is structured into the following six components:. Financial Inclusion and Strengthening Market Participants. Harmonization of Financial Laws and Regulations. Mutual Recognition of Supervisory Agencies. The main objectiv...

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Insurance Sector programmes

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To provide the foundation for the process of harmonization of insurance laws in the region, the EAC has undertaken various projects/programmes these include:. Assessment of the regional insurance industry. The assessment report together with a draft EAC Insurance Policy framework and draft EAC Insurance Bill were submitted in September 2014. The report and the two instruments are currently before the Committee for Insurance, Pensions and Capital Markets (CMIPC) for approval and adoption. The study review...

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Bond Market Structure

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Proposed Bond Market Regulatory Structure for East Africa. The EAC has proposed a regulatory structure to support the market model proposed by Nasdaq OMX. Where bonds, both corporate and government, in Kenya, Tanzania and Uganda will be traded on an OTC bond market. Through the licensing process, members of the OTC bond market will all be required to comply with laws, rules, guidelines and codes of conduct issued by the CMAs. Until such time as the CSDs for government securities fall within the regulator...

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Bond Issuance Costs

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A Bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest and/or to repay the principal at a later date, termed the maturity date. At the same time the absence of well developed bond markets forces corporate borrowers to continue accessing bank finance usually on a secured basis. One of the major contributors to raising the financial costs of a ne...

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Capital Markets Regulators & Stock Exchanges

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Capital Markets Regulators and Stock Exchanges. Capital Markets and Securities Authority - Tanzania. Dar es Salaam Stock Exchange - Tanzania. Central Depository and Settlement Corporation - Kenya. Capital Markets Authority - Kenya. Nairobi Stock Exchange - Kenya. Uganda Securities Exchange - Uganda. Capital Markets Authority - Uganda. Capital Markets Advisory Council - Rwanda. Rwanda Stock Exchange - Rwanda. East African Member States Securities Regulatory Authories. National Social Security Funds. EAC R...

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Trading Bonds in East Africa

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Trading Bonds in East Africa. The following issues are considered to be preventing development of the bond markets:. Highly liquid banks creating a disincentive to issue bonds. Corporations not prepared to meet information disclosure requirements. Investor concentration, lacking institutional inventors (pension funds/mutual funds). Understanding of fixed income markets. DOWNLOAD REPORT: ASSISTANCE FOR STRENGTHENING THE MARKETPLACE FOR TRADING BONDS. IN EAST AFRICA- NASDAQ OMX ADVISORY. EAC Capital Market...