On June 11, Zanzibar's Finance and Planning Minister, Dr Juma Malik Akil, tabled a Sh8.52 trillion budget for 2026/27, a 22.11 percent increase on the current year.
Buried inside the fiscal detail was a line that should interest anyone watching East African capital markets: the government intends to establish a Zanzibar Stock Exchange and a Zanzibar Investment Bank.
If realised, the Isles would join Dar es Salaam, Nairobi, Kampala and Kigali as a jurisdiction with its own securities market, a genuinely significant step for an economy of Zanzibar's size.
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