Abuja, July 22, 2023: The African Securities Exchanges Association (ASEA) and the Economic Commission for Africa (ECA) are strengthening collaboration to drive the development and integration of Africa’s financial markets for sustainable growth.
A statement issued on ECA’s website said the duo signed a Memorandum of Understanding (MoU) to ensure this.
It said :“The MOU represents a significant milestone in the efforts to develop Africa’s capital markets, enhance market capacity, boost investor confidence, facilitate peer-learning, and promote regional integration.
“ The partnership will focus on key areas of cooperation, including conducting studies and research on financial market development and integration, providing training and capacity-building at national, sub-regional, and continental levels.
“And engaging in policy dialogues and advocacy for African countries, as well as policy dialogues and advocacy for African countries.”
Mr Thapelo Tsheole, President of ASEA and Chief Executive Office (CEO) of Botswana Stock Exchange, highlighted the importance of the partnership in creating an enabling environment for businesses.
Tsheole said it would also foster investor confidence and contribute to the overall economic growth and prosperity of the continent.
Mr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at ECA, commended ASEA’s efforts in building market connectivity in Africa.
He then expressed expectations for fruitful and impactful projects between ECA and ASEA to help African countries develop and integrate their capital markets.
The ASEA is the premier 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.