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Press Communique of the 16th EASEA Meeting 15th – 16th April 2010
PRESS COMMUNIQUE OF THE 16th EAST AFRICAN SECURITIES
EXCHANGES ASSOCIATION (EASEA) MEETING HELD AT THE GREAT RIFT VALLEY LODGE, KENYA FROM THE 15th – 16th OF APRIL 2010.
The East African Securities Exchanges Association (EASEA) held its 16th meeting in Great Rift Valley Lodge, Naivasha, Kenya from the 15th to the 16th of April 2010. The meeting was chaired by Mr. Gabriel Kitua, Chief Executive Officer of the Dar es Salaam Stock Exchange (DSE). In attendance were Mr. Simon Rutega, Chief Executive Officer, Uganda Securities Exchange (USE); Mr. Robert Mathu, Executive Director the Capital Market Advisory Council (CMAC) Rwanda, Mr. Peter Mwangi, Chief Executive, Nairobi Stock Exchange (NSE) and Mr. James Gikonyo, Head of IT, Central Depository and Settlement Corporation (CDSC) Kenya.
The Chairman, Mr. Gabriel Kitua noted that EASEA has come a long way and made good achievements thus far with regards to harmonizing development within the regional capital markets. Mr. Kitua however challenged the respective member Exchanges to move faster on the various initiatives and make a greater impact on the economies within the region. In particular, he noted that respective governments had embarked on raising capital in the domestic markets through infrastructure bonds. Mr. Kitua urged EASEA to work together towards removing the bottlenecks that impede the effective raising of capital.
Mr. Kitua emphasized on the need to continue pursuing integration of the markets across the region and noted that EASEA provided the respective markets with the opportunity to achieve this quickly.
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