WFE, African Securities Exchange Association Sign MoU to Grow Markets


Goddy Egene

The World Federation of Exchanges, the global industry group for exchanges and central counter parties (CCPs), has signed a memorandum of understanding (MOU) with the African Securities Exchange Association (ASEA), aimed at supporting the development of the wider African capital market.

According to a statement, the MoU is to support the development of market infrastructures in Africa and, through them, the development of the wider African capital market ecosystem and to enable African market infrastructures to develop best practices based on global standards, while remaining appropriate to the needs of the region and nation in which they operate.

The WFE and ASEA have pledged to collaborate in developing and implementing programmes and projects, including finding ways to increase the amount of data published by the region, that…

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