• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result

Africlear Announces Groundbreaking Initiatives To Promote Financial Inclusion Across Africa

Editor by Editor
November 16, 2015
in Uncategorized
[DEMATERIALIZATION] CSCS Confirms Paper Share Certificates Will Soon Be A Thing Of The Past
Share on FacebookShare on TwitterShare on Linkedin

Africlear plans to launch a platform that will enable investors attend general meetings electronically and vote in real-time. Investors will also be able to appoint proxies, attend concurrent meetings, ask questions and express opinions, among numerous other functions.

This was made known in Lagos at the recently concluded board meeting of Africlear leading representatives, comprising Central Securities Clearing System (CSCS) Plc, African Development Bank (AfDB), Central Depository and Settlement Corporation (CDSC) Kenya, and Altree Financial Group.

Africlear Chairman and CDSC Kenya Chief Executive, Rose Mambo said the platform will enable issuers to make convocations, announce agendas, share documents and more effectively control the meeting process. She added that the electronic general meeting platform will improve financial inclusion for shareholders whilst reducing issuer costs by leveraging operating efficiencies.

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019

“Typically, we find that companies operating in Africa have very low attendance at their general meetings as investors are reluctant to travel from far parts of the country. With the electronic general meeting solution, investors can vote, participate, or just watch the proceedings without physically being present.” said Ms. Mambo.

Speaking further on these initiatives, MD/CEO, CSCS Plc, Kyari Bukar said Africlear will not only enhance financial inclusion, but also improve market integration through collaborative approaches designed to harmonize post-trade processes and procedures.

According to Kyari, “by aligning a central security depository’s interests with those of the underlying technology provider, Africlear is changing the way African CSDs do business.”

He added that “Africlear will enable us to move up the value chain, offer new services and establish links to new markets, both domestic and international.”

Africlear also announced that it intends to facilitate connectivity between CDSC Kenya and CSCS Plc, and plans are in place to link transaction management processes between the two depositories.

“By linking the clearing and settlement functions for CDSC Kenya and CSCS Nigeria, Africlear will dramatically improve the ability for investors to transact both within and across borders,” said Ms. Mambo. She added, “With the support of the AfDB, discussions have commenced with the goal of developing a fully integrated post-trade environment for cross-border clearing and settlement of capital market transactions.” Ms. Stella Kilonzo, Financial Markets Division Chief at the African Development Bank said “Africlear is at the forefront of securities market infrastructure development in Africa.

The company is building links between African CSDs that will enable investors to transact in one country and settle in another.”

Following the board meeting, Africlear was honored at the Nigerian Stock Exchange Closing Gong Ceremony in Lagos. “It is a great privilege for Africlear to have been honoured by one of the oldest and most respected financial institutions in Africa,” said Mr. Fischli, Altree Financial Group Chairman. He added, “We look forward to working more closely with the Nigerian Stock Exchange in support of its commitment toward implementing the highest standards of international best practices.”

Africlear Global was founded by CDSC Kenya, CSCS Plc Nigeria and Altree Financial with the goal of improving African securities market infrastructure by providing CSDs with the ability to offer a greater menu of value-added services whilst reducing the underlying costs associated with system acquisition and maintenance.

Tags: News Review
Editor

Editor

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Treasury Bills
Financial Literacy

20 Financial Terms You Need To Know In The Stock Market

August 5, 2018
MTN Nigeria Plc
Business News

30% equity of MTN’s shares could go to retail investors

June 13, 2018
[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies
Macros

THIS WEEK: Big Macros and a very important task for President Buhari.

June 10, 2018
internet subscriptions growth
Business News

Why Glo and 9mobile are losing their internet mobile subscribers

June 5, 2018
Next Post
World of Business Today (9 Nov, 2015)

World Of Business Today (16 Nov, 2015)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro
  • Top 10 Consumer Goods companies with the highest gains on the NGX in H1 2025 
  • The best selling cars of 2024 in Nigeria 

Follow us on social media:

Recent News

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

July 12, 2025
Consumer goods

Top 10 Consumer Goods companies with the highest gains on the NGX in H1 2025 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics