- Event marks start of new London Stock Exchange Group Academy programme for Tanzanian capital market leaders
- London Stock Exchange Group signs MoU with DFID to work on capital market development projects across Sub-Saharan Africa
A delegation of senior Tanzanian capital markets professionals led by Moremi Marwa, CEO of Dar es Salaam Stock Exchange, and The Rt Hon. Justine Greening MP, Secretary of State for International Development, opened trading on London Stock Exchange this morning.
The event, hosted by Alexander Justham, CEO, London Stock Exchange plc was held to mark the start of a new, year-long training and professional development programme run by London Stock Exchange Group Academy. The programme will see LSEG Academy working with up to 50 Tanzanian market operators, regulators and professionals with the aim of helping to fast track the development of a long term, sustainable equity capital market in the country.
As part of the event, LSEG and DFID signed an MoU setting out their new partnership. LSEG and DFID will work together with the intent of providing development projects to help build the pool of skilled professionals in government and the private sector required for the continued growth of capital markets in sub-Saharan Africa. These initiatives will be facilitated in co-ordination with DFID’s country programmes and network of financial sector relationships in the region.
Alexander Justham, CEO, London Stock Exchange plc said:
“This is an exciting day and we are delighted to welcome so many of the leading figures from Tanzania’s capital markets. Both London Stock Exchange and DFID understand the importance of economic growth in improving people’s lives. By combining our expertise and experience in this innovative partnership, we hope to enhance capital markets across sub-Saharan Africa, so that they in turn can help companies to grow and create vital jobs.”
LSEG Academy has long experience of delivering bespoke training programmes for emerging and frontier market institutions and participants. These include the Angolan Capital Market Regulator, the Kuwait Stock Exchange, the Mongolian Stock Exchange, the Saudi Capital Markets Authority and Romanian capital markets institutions. In addition, LSEG’s technology division, MillenniumIT has worked with 13 African exchanges and infrastructure providers.