First Vice President of the Nigerian Stock Exchange (NSE), Aigboje Aig-Imoukhuede has stated that African exchanges must lead the ‘march for change’, in Africa by influencing their governments to implement enabling policies that will encourage the flow of capital and investment to the continent.
He made this known at the third Building African Financial Markets (BAFM) capacity building seminar at the Johannesburg Stock Exchange (JSE) in Sandton, South Africa.
The seminar was hosted by the JSE and African Securities Exchange Association (ASEA), with the support of the World Bank Group.
The Seminar was established to promote the growth and development of African financial markets by giving representatives from stock exchanges, regulatory bodies, stock broking firms and other interested parties the opportunity to deepen their operational knowledge about topical subjects related to capital markets.
In his keynote address entitled “Africa Rising –The Role of Securities Exchanges”. Aig-Imoukhuede listed five areas of opportunity in which African Exchanges can make impactful interventions for the economic wellbeing of their nation states namely; capital formation, income inequality and the wealth divide, economic policy and planning, sustainability and lastly, best practices.