EGYPT: EGX Meets African Development Bank on Initiative to Integrate Africa’s Capital Markets Goals

Friday March 22 2019

The Egyptian Exchange (EGX) received a mission from the African Development Bank in the wake of its membership to the African Exchanges Linkage Project (AELP), an initiative to enhance integration in securities trading across Africa.

The AELP project, jointly initiated by the Bank and the African Securities Exchanges Association (ASEA), has the main objective of increasing intra-African investment flows through linking African Stock Exchanges. EGX joined the Project last month as one of seven stock exchanges that will be linked in AELP’s first phase. The seven Stock Exchanges – EGX, Nairobi Securities Exchange, Nigerian Stock Exchange, Johannesburg Stock Exchange, Stock Exchange of Mauritius, Casablanca Stock Exchange and Bourse Régionale des Valeurs Mobilières (for the West African Economic and Monetary Union) – represent more than 90% of Africa’s stock markets capitalisation.

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