ABSTRACT
This chapter provides a preliminary examination of the context of western hegemony in the case of East Africa and securities regulation. It examines in an introductory way some of the larger issues that arise when considering securities regulation in East Africa, specifically the historical role of development institutions in the creation of exchanges along with dominant economic policies. The chapter addresses some of the common concerns that arise when discussing exchanges in Africa such as exchange integration. It considers each stock exchange in the East African Community individually: the Nairobi Stock Exchange, the Uganda Securities Exchange, the Dar es Salaam Exchange, and the Rwanda Over-the-Counter Exchange. The chapter then explores the various important disciplines that have produced scholarship on stock exchanges. It provides insight in to how stock exchanges developed in Africa in general and East Africa in particular as well as how they are regulated.
