New Financial Instruments East Africa

East Africa is developing new financial instruments to trade on their exchanges. According to Bloomberg,  the Nairobi Stock Exchange is acquiring regulatory approval for REITS and other futures instruments as well as Exchange Traded funds (ETF).

This is a brave new world for East Africa and new regulatory advances will follow. Institutional investors will be very interested to see firm investor protections in place to support investment in these new areas. In addition, dispute resolution processes available for potential conflict would be hugely beneficial for exchanges to continue to develop.   

Obama's trip to Africa has raised the stakes for new financial innovation on the continent!