- 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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