EGX Joins As Founding Member Of The AELP Project

The Egyptian Exchange joined the AELP linkage project between African Stock Exchanges initiative to enhance investments and liquidity among African markets.  This comes within EGX’s efforts to boost its presence and connectivity with African markets.
 
This came as part of Mohamed Farid, EGX Chairman, participation in the 51st African Securities Exchanges Association (ASEA) Board meeting and African Exchanges Linkage Project (AELP) meeting held last week in Marrakesh, Morocco and hosted by Casablanca Stock Exchange. 
 
Member Exchange to participate in the AELP project are; Nigerian Stock Exchange, Nairobi Securities Exchange, Johannesburg Stock Exchange, Casablanca Stock Exchange, Stock Exchange of Mauritius, and Bourse Régionale des Valeurs Mobilières (BRVM) along with The Egyptian Exchange.
 
The African Development Bank is supporting the AELP initiative and is working on the implementation plans that will help in the African capital markets development and enriching its role in providing funding to growing businesses and consequently creating jobs.
 
Mohamed Farid said that this initiative aimed at increasing and enhancing intra-regional investments between African stock exchanges, through building/sourcing an electronic platform linking all related parties, to simplify and ease trading between all markets engaged in this initiative.