ASEA and ECA Sign Agreement to Strengthen Development and Integration of Africa's Financial Markes

UNECA
Signature d'un protocole d'accord historique entre (CEA) L'Association africaine des bourses de valeurs (ASEA) et la Commission économique pour l'Afrique (CEA) dans le but de renforcer leur collaboration.
19 July 2023
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United Nations Economic Commission for Africa (Addis Ababa)
press release

Addis Ababa, 17 July 2023 (ECA) The African Securities Exchanges Association (ASEA) and the Economic Commission for Africa (ECA) have signed a landmark Memorandum of Understanding (MOU) with the aim of strengthening collaboration and driving the development and integration of Africa's financial markets for sustainable growth.

Signed this week, Monday, 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.

The signing ceremony, attended by Mr. Thapelo Tsheole, President of ASEA and CEO of Botswana Stock Exchange, highlighted the importance of the partnership in creating an enabling environment for businesses, fostering investor confidence, and contributing 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 and expressed expectations for fruitful and impactful projects between ECA and ASEA to help African countries develop and integrate their capital markets.

About ASEA

The African Securities Exchanges Association (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.

For more information, visit: https://african-exchanges.org/

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About the United Nations Economic Commission for Africa

Established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958 as one of the UN's five regional commissions, the United Nations Economic Commission for Africa's (ECA's) mandate is to promote the economic and social development of its Member States, foster intraregional integration and promote international cooperation for Africa's development. ECA is made up of 54 Member States and plays a dual role as a regional arm of the UN and as a key component of the African institutional landscape.

For more information, visit: www.uneca.org

 

Issued by:
Communications Section
Economic Commission for Africa
PO Box 3001
Addis Ababa
Ethiopia
Tel: +251 11 551 5826
E-mail: eca-info@un.org

For ASEA inquiries, contact:
Head of ASEA Secretariat
African Securities Exchanges Association (ASEA)
The Exchange, 55 Westlands Road, Nairobi
Kenya
Tel: +254 (020) 2831000
Email:  anafula@african-exchanges.org

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