Tanzania complies with EAC rules, to open up capital account in 2015

[Koborer]

In Summary

• The change of heart is also seen as part of a larger plan by Tanzania to tap foreign investors for the cash for infrastructure projects.
• Tanzania bars non-residents from buying its bonds and limits foreign ownership of companies to 60 per cent.
• The move is also expected to increase foreign participation at the bourse and help grow the bond market.

Tanzania complies with EAC rules, to open up capital account in 2015 - Business - www.theeastafrican.co.ke