{"id":77538,"date":"2022-12-16T16:37:59","date_gmt":"2022-12-16T16:37:59","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-among-seven-markets-targeted-for-continental-stocks"},"modified":"2022-12-16T16:37:59","modified_gmt":"2022-12-16T16:37:59","slug":"kenya-among-seven-markets-targeted-for-continental-stocks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-among-seven-markets-targeted-for-continental-stocks","title":{"rendered":"Kenya among seven markets targeted for continental stocks"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenya is among seven markets in Africa targeted for cross-border securities trading. This is on an e-platform (The AELP Trading Link) under the African Exchanges Linkage Project (AELP).<\/p>\n

It enables seamless cross-border securities trading among seven African stock exchanges, representing 2,000 companies with roughly $1.5 trillion (Sh184.5 trillion) market capitalisation.<\/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).<\/p>\n

Through a grant from Korea-Africa Economic Cooperation Trust Fund (KOAFEC), the bank is funding ASEA\u2019s phased rollout of the project. \u201cWith 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,” ASEA president Edoh Kossi said.<\/p>\n

Kossi said the project represents a great opportunity for investors and issuers across the continent. 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.<\/p>\n

The union comprises Benin, Burkina Faso, Co\u0302te d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. The AELP Trading Link went live on November 18, following a beta testing period.<\/p>\n

The system is being deployed in partnership with DirectFN Ltd. AELP also provides training programs targeting financial market practitioners on cross-border investment practices, and investment rules across the participating markets.<\/p>\n

Capacity-building programs have benefitted financial market regulators, stockbrokers, security dealers, custodians, central bankers, and other stakeholders.<\/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. This is for collaboration between security dealers on capital markets integration and financial products innovation.<\/p>\n

The African Development Bank\u2019s manager for capital markets development, Ahmed Attout, said: “The AELP is a transformational project that aligns with the African Development Bank\u2019s High 5 priorities, especially industrialise Africa\u201d and Integrate Africa.”<\/p>\n

It is also in tandem with the African Continental Free Trade Agreement\u2019s objective of establishing a liberalised market to aid the movement of capital, facilitate investments and deepen the continent’s economic integration, Attout.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya is among seven markets in Africa targeted for cross-border securities trading. This is on an e-platform (The AELP Trading Link) under the African Exchanges Linkage Project (AELP). It enables seamless cross-border securities trading among seven African stock exchanges, representing 2,000 companies with roughly $1.5 trillion (Sh184.5 trillion) market capitalisation. The AELP […]<\/p>\n","protected":false},"author":84,"featured_media":77537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-77538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKenya among seven markets targeted for continental stocks - kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-among-seven-markets-targeted-for-continental-stocks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya among seven markets targeted for continental stocks\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Kenya. Kenya is among seven markets in Africa targeted for cross-border securities trading. This is on an e-platform (The AELP Trading Link) under the African Exchanges Linkage Project (AELP). It enables seamless cross-border securities trading among seven African stock exchanges, representing 2,000 companies with roughly $1.5 trillion (Sh184.5 trillion) market capitalisation. 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