• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

AfDB, African Securities collaborate to expand linked African exchanges

Exchanges

The Matters Press by The Matters Press
July 1, 2023
Reading Time: 2 mins read
0
NGX Group grows revenue to N6.17bn

Abuja, July 1, 2023:The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group are collaborating to expand the number of linked African exchanges from 7 to 15.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

The Bank in statement said tye expansion was under the second phase of the African Exchanges Linkage Project (AELP).

According to the statement, the duo on June 28 signed an agreement for a 600,000 dollars grant to ensure this process.

It said the funds would come from the Korea African Economic Cooperation Fund (KOAFEC) Trust Fund, managed by the AfDB.

The AELP is a flagship project of ASEA and the Bank Group to link African capital markets, thereby promoting cross-border securities trading, increasing liquidity and diversifying investment opportunities for investors.

According to the statement, AELP’s second phase will provide investors access to over 2,000 securities listed on up to 15 capital markets.

It said this would be done through a cross-border securities trading platform tailored to the needs of regulators, central depositories, policymakers, and stockbrokers.

” Participating stock exchanges include the Botswana Stock Exchange, where the grant signing took place; the Ghana Stock Exchange and six other stock exchanges.

”The grant will also support capacity building of institutional investors and capital market operators,” it said.

Thapelo Tsheole, President of ASEA and Chief Executive Office(CEO) of the Botswana Stock Exchange, signed on behalf of the association.

Tsheole said: “We express our gratitude to AfDB for their invaluable support and dedication to the development of African Capital Markets.

”With the generous grant funding, we are poised to expand technical connectivity and linkage among African stock exchanges, creating a broader pan-African network.

” Together, we are working towards a fully integrated Africa for the benefit of investors, businesses and governments across the continent.”

The Bank Group’s Vice President for Private Sector, Infrastructure and Industrialisation, Solomon Quaynor, signed on its behalf.

Quaynor said: “The Bank is pleased to extend its partnership with ASEA through the follow-on support for Phase 2 of the AELP.

”The AELP is facilitating regional integration through African stock exchanges linkage amounting to up to 1.3 trillion dollars in combined market capitalisation.

” The collaboration between the Bank and ASEA through the AELP aligns with our objective of leveraging institutional investor groups and capital markets financing into infrastructure and the real sector in regional member countries.”

According to Quaynor, the objectives of the AELP align with the African Union’s Agenda 2063 and the African Continental Free Trade Agreement’s goal.

He said the goal was to establish a liberalised market to ease the movement of capital and investments and deepen the continent’s economic integration.

He said the project also advances the Bank Group’s High 5 strategic priority to integrate Africa.

AfDB supported the first phase of the AELP, which was also funded with a KOAFEC grant.

Phase one supported the setup of an infrastructure interconnectivity platform involving seven stock exchanges and 31 stockbrokers.

It also offered training for over 1,000 capital market operators.

Tags: Exchanges
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

Nigerians decry CBN’s directive to banks on social media presence

How NNPC is solving lingering petrol scarcity

Fuel price: Ex-MOMAN boss cautions against speculation

Recommended Stories

CAC, Pakistani investors on economic diversification

CAC emerges winner of 2022 NASMEs award of excellence

November 14, 2022
What Central Bank did to First Bank, experts excited as new directors emerge

First Bank posts impressive earnings

June 4, 2023
School feeding reaches 9.5m pupils

School feeding reaches 9.5m pupils

May 7, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us