East Africa Securities Exchanges Association Launches the East Africa Exchanges 20 Share Index

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    The East African Securities Exchange Association, EASEA, achieved a significant milestone by launching the region’s first integrated stock market index, the EAE 20.

    This landmark index captures the performance of 20 top-listed companies from Kenya, Uganda, Tanzania, and Rwanda, covering 85% of the East African region’s market capitalisation.

    The groundbreaking initiative introduces the first-ever regional markets index designed to spotlight the performance of East Africa’s most prominent listed companies and foster greater visibility, investor confidence, and cross-border investments within the East African region.

    The index includes companies such as Safaricom Plc, KCB Group Plc, Equity Group Holdings Plc, Co-operative Bank of Kenya Limited, Absa Bank Kenya Limited, CRDB Bank Plc, NMB Bank Plc, Tanzania Breweries Limited, Tanga Cement Company, Tanzania Cigarette Corporation, and Bralirwa Limited.

    Others are BK Group Plc, IAM Bank Rwanda Plc, Cimerwa Plc, MTN Rwandacell Plc, MTN Uganda Limited, Stanbic Uganda Holdings, Bank of Baroda Uganda, Airtel Uganda Limited and Quality Chemical Industries Limited.

    The EAE 20 Share Index will track price movements and changes in market capitalisation of its constituent firms, offering a transparent benchmark for investors, analysts, and policymakers.

    Giving his remarks on the index, the Chief Executive Officer of Nairobi Securities Exchange Plc, Mr. Frank Mwiti, stated, “The introduction of the first regional index marks a significant milestone in the growth and deepening of East African capital markets and their economies. The EAE 20 Share Index is poised to enhance market transparency, attract both cross-border and international investment, and provide a dependable benchmark for tracking regional market performance.”

    “It also reinforces ongoing efforts to promote the harmonisation and integration of East African exchanges, fostering deeper collaboration across the region, including laying a strong foundation for the development of innovative financial instruments, including exchange-traded funds and other index-linked products,” he added.

    The EASEA is the umbrella body representing the following securities exchanges and depositors in the region 

    • Nairobi Securities Exchange
    • Uganda Securities Exchange Plc
    • Dar-es Salaam Stock Exchange
    • Rwanda Stock Exchange
    • Somali Stock Exchange
    • Burundi Stock Exchange
    • Ethiopia Securities Exchange
    • National Securities Exchange of Somalia
    • Central Depository & Settlement Corporation (Kenya)

     

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