The African Securities Exchanges Association (ASEA) and the Economic Commission for Africa (ECA) are stepping up their collaboration to advance the development and integration of African financial markets for sustainable growth.
A statement published on the ECA’s website said the duo had signed a memorandum of understanding (MoU) to ensure this.
It said: “The MoU represents a significant milestone in efforts to develop Africa’s capital markets, improve market capacity, enhance investor confidence, facilitate peer learning and foster regional integration.”
“The partnership will focus on key areas of collaboration, including conducting studies and research on the development and integration of financial markets, and providing training and capacity building at national, sub-regional and continental levels.”
There is also a focus on engaging in political dialogues and advocacy for African countries and political dialogues and advocacy for African countries.
Mr. Thapelo Tsheole, President of ASEA and Chief Executive Officer (CEO) of the Botswana Stock Exchange, stressed the importance of the partnership in creating an enabling environment for business.
Tsheole said it would boost investor confidence and contribute to the continent’s overall economic growth and prosperity.
Mr. Robert Lisinge, Acting Director of ECA’s Department of Private Sector Development and Finance, commended ASEA’s efforts in building market connectivity in Africa.
He then expressed his expectations for fruitful and impactful projects between ECA and ASEA to help African countries develop and integrate their capital markets.
ASEA is the leading association of securities exchanges in Africa.
ASEA’s mission is to support the development, transformation and integration of African capital markets for sustainable economic growth and development.
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