Anglophone and Francophone African Countries Will Set Up Common Stock Market

Capital market regulators in West Africa are joining forces to facilitate the take off of a joint exchange in the region.
The Anglophone and Francophone countries have formed an alliance that will allow them overcome obstacles that may prevent the start of the initiative
The new body is to help with information sharing, risk management and harmonization of rules and regulations guiding the various capital markets.
This is all for the benefit of the joint capital market that will emerge.
The quest for a common stock exchange in West Africa is hinged on the need for a bigger securities market to facilitate cross border listings.
Its initiators are positive this is necessary for regional growth and integration.
The regulators are hopeful that their pact will enhance full integration of concerned stock markets early next year as projected.
The West African capital market authorities say so far considerable progress has been made in the integration process.
Source: TVC

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