An integrated African stock market could soon become a reality; this is what you need to know

The ambitious project was conceived by ASEA in collaboration with the African Development Bank (AfDB). The main objective is to integrate seven African stock markets, while promoting cross-border equity trading and ensuring liquidity on African stock exchanges.

Among the seven exchanges that the project aims to integrate are some of the largest and best performing stock exchanges on the continent. Business Insider Africa checks show they have a combined market capitalization of $1.25 trillion; about 90% of Africa’s market capitalization. Check out the bags below:

Providing more information on the scope of the AELP project, ASEA President Dr. Edoh Kossi Amenounve said:

“Cross-border trade facilitation will open markets to a diverse portfolio and investment opportunities. Brokers and investors will be able to access a variety of asset classes in their markets of interest.”

Please note that in the meantime, four African stock exchanges are already successfully connected to the link trading terminal. These are the Nigerian Stock Exchange, the Cassablanca Stock Exchange, the Egyptian Stock Exchange and the Regional Valeurs Mobilières Exchange.

Also note that the project is being funded by a $980,000 grant awarded by the Korea-Africa Economic Cooperation Fund in 2018.

The managers of the aforementioned African stock exchanges selected 30 brokerage firms from across the continent to oversee cross-border trading.