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Thursday 17 May 2012

ASEA | African Securities Exchange Association | ASEA Member Exchanges

 

ASEA is a non-profit company limited by guarantee that was found in Kenya on the 13th of November 1993

 

The membership of the association is open to any Securities Exchange or nascent Stock Exchange located in the African region after filling the membership application and getting the Executive Committee approval.

 

ASEA: Shaping up the future of African Exchanges

ASEA has steadily raised its profile over the years, growing in number and succeeding in attracting new Exchanges to join the Association. Moreover, ASEA has successfully implemented a number of key initiatives to raise the visibility of African Exchanges at the international level and has actively participated with other institutions to sponsor events linked to the promotion of African Stock markets. Going forward, ASEA can further crystallise the growing interest on Africa by pursuing the following initiatives:

 

1. ASEA should position itself as the organization of reference and of choice for any investor who is willing to obtain first hand information on African markets. To achieve this objective, it is fundamental that ASEA’s website becomes a key source of dynamic and updated information for the international investment community. 

 

2. The experience of other similar regional international associations such as the World Federation of Exchanges (WFE) clearly underscores the importance of having a permanent secretariat which is entirely devoted to the activities of the Association and is responsible for implementing the plan/vision set by the Executive Committee of ASEA. The need of setting up a Permanent Secretariat to drive ASEA’s agenda and scale up ASEA’s activities in a meaningful way needs to be discussed. 

 

 

3. ASEA’s Secretariat needs to undertake a thorough assessment of the activities and organisational aspects of other Exchange associations in other parts of the world and come up with a proposal of activities that ASEA may need to pursue to scale up its activities.

4. ASEA needs to endorse the important role of increasing the visibility of African markets at the international level. The different ways and means of achieving this objective need to be discussed and a concrete action plan for the next two years be determined.

5. ASEA needs to finalise discussions with a major index provider to come up with credible African Index that will be jointly owned with the Index provider. This African Index needs to emerge as an attractive benchmark for investors investing on African Stock markets. This index could be used as the reference index for the setting up of an attractive African ETF that can be listed on different African Exchanges.

6. There is a need to attract more members to the Association, while ensuring a greater commitment of existing members to the objectives of the Association.

7. ASEA needs to give its support to initiatives that aim at achieving greater integration among African markets.

ASEA Member Exchanges

1) Bourse Régionale des Valeurs Mobilières (BRVM)

 

2) Botswana Stock Exchange (BSE)

 

3) Douala Stock Exchange (DSX)

 

4) Egyptian Exchange (EGX)

 

5) Bolsa de Valores de Cabo Verde (BVC)

 

6) Ghana Stock Exchange (GSE)

 

7) Nairobi Stock Exchange (NSE)

 

8) Libyan Stock Market (LSM)

 

9) Malawi Stock Exchange (MSE)

 

10) Stock Exchange of Mauritius (SEM)

 

11) Casablanca Stock Exchange (Casa SE)

 

12) Bolsa de Valores de Moçambique (BVM)

 

13) Namibia Stock Exchange (NSX)

 

 

14) Nigerian Stock Exchange (NSE)

 

15) Johannesburg Stock Exchange (JSE)

 

16) Khartoum Stock Exchange (KSE)

 

17) Swaziland Stock Exchange (SSX)

 

18) Dar es Salaam Stock Exchange (DSE)

 

19) Bourse des Valeurs Mobilières de Tunis (BVMT)

 

20) Uganda Securities Exchange (USE)

 

21) Lusaka Stock Exchange (LuSE)

 

22) Zimbabwe Stock Exchange (ZSE)