African Securities Exchanges to meet in South Africa

Oscar Onyema, President, ASEA

Oscar Onyema, President, ASEA

The African Securities Exchanges Association (ASEA) will hold its first annual conference with 25 securities exchanges from across the continent gathering in Johannesburg, South African from 15 – 17 November.

The conference will be held under the theme Africa Evermore: Growth for sustainability—embodied the potential, growth, and stability of Africa’s capital markets.

Delegates will also have the opportunity to explore how to attract Sovereign Wealth Fund (SWF) investors and examine how they see Africa’s Exchanges.

Some of the issues to be tackled include the role of the Exchange as a Corporate Citizen. Increasingly, investment decisions are being driven by considerations of risk, impact, and sustainability that are far wider than just financial returns.

ASEA assists in promoting and educating members and stakeholders on the importance of socially responsible investments and the need to pay attention to environmental, social, and governance (ESG) issues.

“The conference is important as it features high level discussions covering themes that are relevant to our capital markets and opportunities to network with leading industry players from across the continent,” ASEA President, Oscar Onyema said.

A number of ASEA’s member countries have already launched SWFs, including Angola, Ghana, and Nigeria. SWFs invest surplus revenues and can be an effective fiscal stabilisation mechanism, enabling governments to access liquid assets, and channel investment into specific projects like infrastructure development.

Host Chief Executive Officer of Johannesburg Stock Exchange (JSE) Nicky Newton-King said the packed two-day programme would provide delegates with an in-depth understanding of the strength resulting from the integration of Africa’s security exchanges.

Several African countries including Rwanda (Rwanda Bourse) have joined the new UN stock market initiative of Sustainable Stock Exchanges (SSE), which was launched in New York this September.
The SSE initiative is a peer-to-peer learning platform which will explore how exchanges can encourage sustainable investment and enhance corporate transparency, and ultimately performance, on environmental, social and corporate governance issues.

The SSE initiative was launched by UN Secretary-General Ban Ki-moon in New York in 2009 and now has 24 Partner Exchanges around the world. It has provided stock exchanges with an opportunity to play an important leadership role in promoting sustainable business practices