NSE, others to financial crisis on African capital market
October 20, 2009
THE Nigerian Stock Exchange (NSE) is to host the 13th African Securities Exchanges Association (ASEA) conference, scheduled to hold in the Federal Capital Territory, Abuja, in December this year.
Already, according to NSE, the Vice President, Dr Goodluck Jonathan has accepted to be the special guest of honour, adding that the forum is designed to leverage on the effects of the global financial crisis on African capital markets, provides the opportunity for serious discussion about foreign investment, public private partnerships, technology-driven growth, liquidity, regional integration, product diversity and risk management among others.
NSE explained yesterday, that this year's conference with the theme "Global Crisis: Opportunities for African Capital Markets", presents a unique opportunity for African and global stock exchanges, financial regulators and other market operators and service providers to articulate the road map for investment opportunities on African Exchanges in the wake of global market downturn.
"This conference would also provide a unique platform for all participants to discuss issues and opportunities, and proffer ideas and solutions with each other and with Nigeria's regulators, including the Ministry of Finance, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Debt Management Office (DMO), and other members of the Financial Services Coordinating Committee (FSRCC)," said NSE, pointing out that "a pantheon of experts in the securities industry, global fund managers and technocrats have accepted to make presentations at the international conference".
Explaining further, Assistant General Manager/Head, Corporate Affairs Department, Mr. Sola Oni, said the NSE hosted the conference in 2000 while Nairobi Stock Exchange, Kenya hosted the last edition in 2007.
ASEA was set up on November 13, 1993, with the aim of nurturing systematic mutual cooperation and facilitating the exchange of information among its members.
The association also provides a forum for mutual communication, exchange of information, technological assistance and cooperation among its members.
The organisation aids in the facilitation of financial integration within the region, for the effective mobilization of capital to accelerate economic development across Africa.
The Guardian Newspaper, Tuesday October 20, 2009.
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