November 17, 2010

Exchange news

Africa’s securities markets aim to get busy

Africa’s capital markets have set themselves a tough programme of action, following the executive committee and annual general meetings of the African Stock Exchanges Association held last week (10 Nov). Plans include an improved website, development of a broad-based pan-African index which could also lead to a pan-African Exchange Traded Fund to be cross-listed on several exchanges. The continent’s securities markets are also to lobby on improving the business and investment environment in African countries as this could help Africa get a bigger share of business.

Exchange news

Africa’s securities exchanges need stronger role to back growth

African securities exchanges need to play a stronger role in harnessing Africa’s growth opportunities. This was the view of Sunil Benimadhu, President of the African Securities Exchanges Association and CEO of the Stock Exchange of Mauritius, when he addressed the 14th annual conference in Livingstone, Zambia, held last week (10-12 November).