African capital markets could raise more donor finance and other resources to drive development projects. There are substantial technical, financial and other resources available to spur market growth, driven by the key role that African securities exchanges, private equity and other institutions can play in driving economic growth, creating jobs and channelling investment, but exchanges, governments and regulators have not been as successful in applying compared to other emerging markets.
Developing projects and raising finance is the subject for a FREE masterclass in “Funding Sources for Capital Markets Development”. This will be held on 9 April (2pm-5pm)-10 April (9am-1pm, approx) in the Museum of American Finance in New York City.
The masterclass is organized by ISEEE (International Stock Exchange Executives Emeriti, Inc. (www.capitalmarketexperts.org) and is highly recommended to African and other emerging markets securities exchanges executives, regulators such as Securities and Exchanges Commissions, and policy-makers. All stakeholders can apply.
The agenda includes overview of potential financing sources; specifics of donors and international financial institutions interested; defining project objectives and beneficiaries; case studies of exchange, securities commission and clearing house projects; and workshops in drafting funding applications.
The masterclass is presented by capital markets development expert Hannes Takacs of CAPMEX (www.capmex.com) and Dr Drasko Veselinovic, founder of the Ljubljana Stock Exchange (www.ljse.si). Drasko is a professor with a doctorate in financial economics with extensive experience in buiding and running securities exchanges and banking, as well as in privatization, non-executive board directorships and capital markets development.
I have had the pleasure of working with Hannes on several capital markets strategy projects, including in Dar es Salaam and Baku, and I can highly recommend his deep knowledge and experience, combined with a pragmatic approach. He has very extensive experience of working on securities exchanges and capital markets development projects all over the world, including Russia, China, SE Asia, and he is on the board of several stock exchanges in central Europe and does many training and other sessions.
He has a very good knowledge of securities markets developments. He pointed out that very few of the donor-funded securities market development projects are happening in Africa, despite this being a priority for many donors, compared to other regions.
According to Hannes: “The participants in this free-of-charge interactive master class will learn how to design development projects for capital market development, exchanges, clearing houses and supervisory authorities, which are eligible for funding by international finance institutions, multilateral development banks and donor agencies.”
Hannes is also ready to answer any individual questions, email him on hat@capmex.com. For more information and the brochure and application form, apply here as early as possible. Participants have to cover their own travel and accommodation expenses.
