The Nigerian Commerce Crew (NGX Collection) and the Nairobi Securities Swap (NSE) have enhanced efforts to deepen cross-border organization.
This is as Nigerian and Kenyan advertise stakeholders met in Nairobi on Tuesday to research opportunities to protect connections betwixt the two markets and across Africa.
The engagement took place at the Dangote Petroleum Refinery IPO High-Extent Investor Engagement hosted by the Nairobi Securities Change, together with leaders of both exchanges examining how African money markets can labor extra closely to facilitate investment flows and listings across the continent.
President and director executive of Dangote Industries Constant, Aliko Dangote, who was reveal at the forum, said stronger alliance amid African exchanges could produce opportunities for companies to availability assets across a lot of African markets, rather than limiting their money-promote presence to their home countries.
He cited the planned Dangote refinery in Mokowe-Lamu as an case of the opportunities that could emerge from stronger integration, suggesting that companies together with operations across the continent should be able to weigh listings in extra than one African promote.
The Nairobi engagement builds on a strategic meeting convened by NGX Category in Lagos in April, which brought together leaders of important African exchanges to talk around cross-border promote connectivity and opportunities to increase teamwork in the midst of African finance markets.
Speaking at the forum, the GMD/CEO Nigerian Exchange Group, Temi Popoola said the significance of the engagement extends beyond any one address.
“When we began this engagement, our aim was continental: to bring African exchanges together and research how we can produce stronger connections amid African money markets,” Popoola said.
He noted that “Kenya represents an key primary phase in translating that ambition into practical alignment. We see this engagement using the Nairobi Securities Swap as a model that can be strengthened and potentially replicated across other markets on the continent.”
Popoola said the broader aim is to reinforce relationships betwixt African markets and facilitate increased cross-border admission to investment-market opportunities.
The initiative furthermore aligns alongside wider continental efforts, including the African Exchanges Linkage Project (AELP), to reinforce connectivity and facilitate cross-border trading and investment within African exchanges.
The broader significance of the Nigeria–Kenya engagement comes into sharper focus using the planned groundbreaking of Dangote’s proposed 700,000-barrel-per-day refinery in Lamu.
The project, which is intended to support the East African promote, reflects the scale of cross-border firm and investment opportunities emerging across the continent.
Furthermore speaking, the leader executive officer of the Nairobi Securities Swap, Frank Mwiti, commended NGX Collection for its role in facilitating the engagement.
He noted that stronger alignment within African exchanges could deepen relationships amid markets, support the sharing of expertise and produce greater opportunities for investors and issuers across the continent.
Source: NGX Group, Nairobi Exchange Chart Path To Deeper Cross-border Collaboration
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