Tanzania is set to remove restrictions on movement of capital across its national borders this month.
The move will allow Tanzanian to invest in stock markets in the East African region for the first time.
'This bears the potential of dramatically increasing demand in the equities markets and boosting share prices as more takers come on board,' said Bob Karina, an executive director at the Faida Investment Bank.
Two years ago, Tanzania used these restrictions to bar its citizens from buying shares in East Africa's biggest share sale - Safaricom - blocking attempts by the Kenya government to roll out a region wide initial public share offering (IPO).
The International Telecommunication Union (ITU) appointed MTN’s Chief Operations Officer for Rwanda, Andrew Rugege, to head its Eastern Region. In five years Rugege has overseen MTN Rwanda grow from just 300,000 to almost 3 million subscribers. Magnu [ … ]
