ASEA, ECA sign MoU on Africa’s financial market devt

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The African Securities Exchange Association and the United Nations Economic Commission for Africa have signed a Memorandum of Understanding aimed at fostering closer collaboration and driving financial market development and integration on the African continent.

He said, “This MOU represents a significant step forward in our collective efforts to develop robust and sustainable capital markets across Africa. By working together, we will create an enabling environment for businesses, foster investor confidence, and contribute to the overall economic growth and prosperity of the continent.”

Officer-in-Charge, Private Sector Development and Finance Division, ECA, Robert Lisinge, in his comments, welcomed the ASEA delegation and noted that at the time of uncertainty and turbulence, “it’s critical for development partners to speed up their efforts in helping African countries develop their domestic capital markets, to not only mobilise resources and attract investments but also build resilience with market depth.

The Divisional Head, Capital Markets at Nigerian Exchange Limited, Jude Chiemeka, lauded the partnership and added that this would broaden the range of financial services and investment opportunities available to both local and foreign investors.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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