The African Securities Exchanges Association (ASEA) is the premier association of 27 securities exchanges in Africa.
Established in 1993, ASEA is headquartered in Nairobi, Kenya. The association works to enhance the global competitiveness of member exchanges and provide a platform for networking and exchange of information.
ASEA collaborates with various stakeholders, including the African Development Bank Group, to promote the development of African capital markets.
In June 2021, ASEA and the African Development Bank signed an agreement for a $600,000 grant to expand the network of linked African stock exchanges.
One of ASEA’s flagship projects is the African Exchanges Linkage Project (AELP).
This project aims to facilitate cross-border trading among African securities exchanges as it seeks to increase liquidityLiquidity refers to the ease with which assets can be converted into cash without significantly affecting their market price. This concept is crucial ... ... and investment flows across the continent.
The five largest securities exchanges in Africa are:
Here is the list you requested:
- Johannesburg Stock ExchangeA stock exchange is a marketplace where securities such as stocks, bonds, and commodities are bought and sold. It acts as a platform for companies to ... ... (JSE) – Sandton, South Africa
- Egyptian Exchange (EGX) – Cairo, Egypt
- Nigerian Stock Exchange (NGX) – Lagos, Nigeria
- Casablanca Stock Exchange – Casablanca, Morocco
- Bourse Régionale des Valeurs Mobilières (BRVM) – Abidjan, Ivory Coast
ASEA plays a crucial role in promoting cooperation and growth among these and other African securities exchanges.
ASEA member organizations
African stock exchanges that are part of ASEA, in 2024, include:
- Bolsa de Valores de Cabo Verde – Praia, Cape Verde
- Bolsa de Valores de Mozambique – Maputo, Mozambique
- Botswana Stock Exchange – Gaborone, Botswana
- Bourse des Valeurs Mobilières de Tunis – Tunis, Tunisia
- Bourse Regionale des Valeurs Mobilieres – Abidjan, Côte d’Ivoire
- Casablanca Stock Exchange – Casablanca, Morocco
- Dar es Salaam Stock Exchange – Dar es Salaam, Tanzania
- Douala Stock Exchange – Douala, Cameroon
- Egyptian Exchange – Cairo, Egypt
- FMDQ Securities Exchange – Lagos, Nigeria
- Ghana Stock Exchange – Accra, Ghana
- JSE Limited – Sandton, South Africa
- Khartoum Stock Exchange – Khartoum, Sudan
- Libyan Stock Market – Tripoli, Libya
- Lusaka Stock Exchange – Lusaka, Zambia
- Malawi Stock Exchange – Blantyre, Malawi
- Nairobi Stock Exchange – Nairobi, Kenya (Now Nairobi Securities Exchange Limited)
- Namibian Stock Exchange – Windhoek, Namibia
- Nigerian Stock Exchange – Lagos, Nigeria
- Rwanda Stock Exchange – Kigali, Rwanda
- Sierra Leone Stock Exchange – Sierra Leone
- Stock Exchange of Mauritius – Port Louis, Mauritius
- Uganda Securities Exchange Limited – Kampala, Uganda
- Zimbabwe Stock Exchange – Harare, Zimbabwe
Objectives of ASEA
One of the primary objectives of ASEA is to provide a forum for its members to exchange ideas, share knowledge, and collaborate on initiatives that will improve the efficiency and competitiveness of African capital markets.
The association organizes conferences, workshops, and training programs to facilitate interaction among its members and promote the adoption of international best practices in securities trading, clearing, and settlement.
ASEA also serves as a voice for African securities exchanges on the global stage, advocating for policies and regulations that will support the growth and development of the African capital markets.
The association works closely with regulatory bodies, governments, and other stakeholders to promote transparency, investor protection, and market integrity in African securities markets.
In addition to fostering collaboration and advocacy, ASEA plays a key role in capacity building and knowledge sharing among its members.
It offers technical assistance and training programs to help African securities exchanges enhance their operational capabilities, develop new products and services, and build the skills of market participants.
By promoting cooperation, advocacy, and capacity building among African securities exchanges, ASEA contributes to the overall development of the African capital markets and supports economic growth and development on the continent.
The association’s work helps to create a more conducive environment for investment and entrepreneurship in Africa, leading to greater access to capital, job creation, and the establishment of vibrant, dynamic financial markets across the continent.