East Africa Targets Cross-Border Debt Sales to Fund New Railways

Paul Muthaura, Acting CEO, Kenya’s Capital Markets Authority

The East African Community plans to allow bond sales across four markets in the bloc as investors look to fund projects such as railways that will link up the region.

The framework will allow for the sale of “multi-jurisdictional, multi-currency” debt from within or outside the four-country group, Paul Muthaura, acting chief executive officer of the Capital Markets Authority in Kenya, the region’s biggest economy, said at a conference in Cape Town today.

Read more: East Africa Targets Cross-Border Debt Sales to Fund New Railways – Bloomberg.

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