Dar es Salaam, March 24 -- EAST AFRICA: THE East African Securities Exchange Association (EASEA) has agreed to implement the EAC Regional Index, which is set to officially launch on April 2 this year.

The regional index is designed to pave the way for the launch of a regional structured exchange-traded fund (ETF), positioning East Africas capital markets as a key gateway for investments across the continent.

EASEA Chairman and CEO of the Uganda Securities Exchange, Mr Paul Bwiso, stated that the index will track market performance using specific criteria developed by regional technical teams.

“It will showcase the top five companies from each market, based on market capitalisation. As companies grow and evolve, new firms will be ...