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Anglophone and Francophone African Countries Will Set Up Common Stock Market

Editor by Editor
July 9, 2015
in Uncategorized
BGL Remains Suspended from Capital Market Activities – SEC
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  • 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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