Uganda joins African exchanges link
August 27, 2024--The Uganda Securities Exchange (USE) has become the tenth African securities exchange to join the African Exchanges Linkage Project (AELP). The linkage platform enables stockbrokers on participating exchanges to send orders on behalf of their clients to stockbrokers on other exchanges, who will buy and sell shares on those exchanges.
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The Dutch fund house has advertised for a UK sales manager for ETFs, who will be based in London, and plans to hire up to five more sales specialists in continental Europe in early 2025.
The African share-trading link aims to boost the potential for cross-border investment, collaboration and capacity building across Africa. The aim is better liquidity on the capital markets, wider access to capital and more opportunities for investors. The capital market infrastructure interconnectivity platform is a joint project between the African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB). The link is funded by the Korea African Economic Cooperation Fund (KOAFEC) Trust Fund, managed by the AfDB. KOAFEC also supported Phase 1. |
South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued July 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
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Africa's Trade Projected to Hit $1.5 Trillion in 2025 July 1, 2025--Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028. |
National stock exchange launched in Somalia June 26, 2025-The National Securities Exchange of Somalia (NSES) held its formal launch on 19 June 2025, according to this report on Xinhua. A coalition of local investors and financial experts established the exchange and it will start by operating as a private, self-regulatory organization, according to a statement issued in Mogadishu. The Central Bank of Somalia has pledged full technical support with the aim of ensuring international best practices are followed. |
East Africa's regional 20 share index June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched. |