African Development Bank, African Securities Exchanges Association sign Agreement for $600,000 Grant to expand Network of Linked African Stock Exchanges to 15.

The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a $600,000 grant to expand the number of linked African exchanges from 7 to 15 under the second phase of the African Exchanges Linkage Project. The funds will come from the Korea African Economic Cooperation Fund (KOAFEC) Trust Fund, managed by the African Development Bank. The AELP is a flagship project of ASEA and the Bank Group to link African capital markets, thereby promoting cross-border securities trading, increasing liquidity and diversifying investment opportunities for investors. Read more