The Making Finance Work for Africa (MFW4A) partnership, hosted by the African Development Bank (www.AfDB.org), and the African Securities Exchanges Association (ASEA) have provided a recent progress update on the African Exchanges Linkage Project (AELP), which aims to connect Africa’s leading securities exchanges and boost cross-border investment flows.
The AELP is a joint initiative of the Bank and ASEA involving seven leading African securities exchanges. AELP is funded by the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund, one of the Bank’s bilateral funds.
The updates were given during a virtual webinar held on 26 February. Among the AELP milestones discussed during the event were the establishment of six criteria to use in assessing the candidacy of exchanges wishing to join, establishment of a project management office and rollout of a communications program about the initiative.