{"id":245197,"date":"2022-12-09T12:18:47","date_gmt":"2022-12-09T10:18:47","guid":{"rendered":"https:\/\/afdb.africa-newsroom.com\/press\/african-development-bank-african-securities-exchange-association-launch-african-exchanges-linkage-project-aelp-eplatform-linking-seven-african-capital-markets-with-15-trillion-market-capitalization?lang=en"},"modified":"2022-12-09T12:18:47","modified_gmt":"2022-12-09T10:18:47","slug":"african-development-bank-african-securities-exchange-association-launch-african-exchanges-linkage-project-aelp-e-platform-linking-seven-african-capital-markets-with-1-5-trillion-market-capitalizat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/african-development-bank-african-securities-exchange-association-launch-african-exchanges-linkage-project-aelp-e-platform-linking-seven-african-capital-markets-with-1-5-trillion-market-capitalizat\/","title":{"rendered":"African Development Bank, African Securities Exchange Association Launch African Exchanges Linkage Project (AELP) E-Platform Linking Seven African Capital Markets With $1.5 Trillion Market Capitalization"},"content":{"rendered":"
\"African<\/div>\n

<\/p>\n

The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization.<\/p>\n<\/p>\n

The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing.  AELP is a joint initiative of the African Development Bank and the African Securities Exchanges Association (ASEA).  Through a grant from Korea-Africa Economic Cooperation Trust Fund (KOAFEC), the Bank is funding ASEA’s phased rollout of the project.<\/p>\n

The launch took place on 7 December 2022 on the sidelines of the ASEA 2022 Annual General Meeting and Annual Conference, which is taking place in Abidjan, Cote d’Ivoire, from 7 to 9 December 2022.<\/p>\n

Executives from African stock exchanges, the African Development Bank, institutional investors, stockbrokers, and the investor community attended the launch.  <\/p>\n

Edoh Kossi Amenounve, ASEA’s President, said, “With AELP, we are entering a new era of African capital markets where all our members will gradually transact cross-border trades from one African securities exchange to another. This project represents a great opportunity for investors and issuers across the continent.”<\/p>\n

The first phase of the AELP will connect 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. The AELP Trading Link went live on 18 November following a beta testing period. The system is being deployed in partnership with  DirectFN Ltd.<\/p>\n

AELP also provides training programs targeting financial market practitioners on cross-border investment practices, and investment rules across the participating markets. Capacity-building programs have benefitted financial market regulators, stockbrokers \/ security dealers, custodians, central bankers, and other stakeholders. A dedicated website for the AELP is live at https:\/\/bit.ly\/3haox78<\/a> . <\/p>\n

The African Development Bank and ASEA have also jointly supported the establishment of the African Stockbrokers and Securities Dealers Association as a pioneering pan-African platform for collaboration between security dealers on capital markets integration and financial products innovation.<\/p>\n

The African Development Bank’s Manager for Capital Markets Development, Mr. Ahmed Attout, said: ‘It is our pleasure to partner with ASEA through this process culminating in the operationalization of the African Exchanges Linkage Project Link Trading Platform. The AELP is a transformational project that aligns with the African Development Bank’s High 5 priorities, especially Industrialize Africa<\/em>” and Integrate Africa<\/em>. 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.”<\/p>\n

Read more here (https:\/\/bit.ly\/3Bo7HZg<\/a>).<\/p>\n

Distributed by APO Group on behalf of African Development Bank Group (AfDB).<\/i><\/p>\n

Media Contact<\/strong>:
\nOlufemi Terry,
\nCommunication and External Relations, African Development Bank
\nmedia@afdb.org<\/a><\/p>\n

Technical Contact<\/strong>:
\nLina Tonui,
\nProject Manager, African Exchanges Linkage Project, African Securities Exchanges Association
\nltonui@african-exchanges.org<\/a><\/p>\n

Akin Adigun,
\nCFA, Capital Markets Development Division
\nAfrican Development Bank<\/p>\n

Media files<\/b>
\"African<\/a>
Download logo<\/a><\/div>\n

Source: Africa Newsroom – APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization. The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing.  AELP is a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-245197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-apo","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/245197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=245197"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/245197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=245197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=245197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=245197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}