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eac.int

East African Community - Migration Management

http://www.eac.int/migration/index.php

Http:/ www.eac.int/migration/components/com gk2 photoslide/images/thumbm/364668slide1.jpg. Http:/ www.eac.int/migration/components/com gk2 photoslide/images/thumbm/913050slide2.jpg. Surface area (incl. water):. 182 million sq. km km. Av GDP per capita:. EAC Facts and Figures Report (2014). Council Decisions - Immigration Matters. International and Regional Conventions. The Treaty for the Establishment of the East African Community. Migration and Regional Integration in East Africa. African Union - AU.

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Capital Markets - An Overview

http://www.monetary.eac.int/index.php/cmip/overview.html

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

http://www.monetary.eac.int/index.php/eac-monetary-union/regional-context.html

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

http://www.monetary.eac.int/index.php/cmip/regulatory-review.html

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

http://www.monetary.eac.int/index.php/eac-monetary-union/project-objectives.html

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

http://www.monetary.eac.int/index.php/insurance/projectsprogrammes.html

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

http://www.monetary.eac.int/index.php/cmip/regulatory-stucture.html

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

http://www.monetary.eac.int/index.php/cmip/issuance-costs.html

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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Trading Bonds in East Africa

http://www.monetary.eac.int/index.php/cmip/trading-in-bonds.html

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...

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Banking

http://www.monetary.eac.int/index.php/banking/overview.html

Regional Banking - An Overiew. The overall objective of the EAC Financial Sector Development and Regionalization Project (FSDRP) is the establishment of a single market in financial services. In this regard, the main objective of the EAC policies regarding the banking sector is to attain a single market in banking services as a means to promote sustainable economic growth in the Partner States and higher levels of financial inclusion. Five Kenyan banks with branches within the region include Kenya Commer...