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The African Development Bank together with African Securities Exchange Association has launched an e-platform called the African Exchanges Linkage Project (AELP) Trading Link.
According to africanexchangeslink.com the AELP Trading Link enables seamless cross-border securities trading among 7 African Stock Exchanges representing 2,000 companies with about $1.5 trillion capitalisation.
The African Development Bank’s Manager for Capital Markets Development, Mr. Ahmed Attout, said that the AELP will help in integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent through the AELP Link platform.
“The AELP is a transformational project that aligns with the African Development Bank’s High 5 priorities, especially Industrialize Africa” and Integrate Africa. It is also in tandem with the African Continental Free Trade Agreement’s objective of establishing a liberalized market to aid the movement of capital, facilitate investments and deepen the continent’s economic integration.” he said
In its first phase launched this week, AELP connects seven stock exchanges across 14 African countries: Morocco, Egypt, Nigeria, Kenya, Mauritius, South Africa and the West Africa Economic and Monetary Union, which comprises Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
AELP is a joint initiative of the African Securities Exchanges Association (ASEA) and the African Development Bank, supported by Korea-Africa Economic Cooperation Trust Fund (KOAFEC).
The AELP platform offers great opportunity to investors and issuers across the continent. It is part of the African Continental Free Trade Agreement which aims to set up a liberalized market, facilitate the movement of capital & investments and enhance the continent’s economic integration.
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