THE issue of liquidity crisis in African capital market is set to take the centre stage as the Nigerian Stock Exchange partners the African Securities Exchange Association to host the 5th Building African Financial Market seminar from Thursday 28th to Friday 29th of April 2016.
The seminar with the theme” Addressing Liquidity Concerns in African Capital Market” will bring together representatives from stock exchanges, regulatory bodies, stockbroking firms and other financial market stakeholders from several African countries. It is open to senior representatives from the capital and financial markets sector in the fields of product development, regulation and policy, information technology, investor relations, trading, clearing and settlement.
Also representatives from stockbroking community, investors, government officials and organisations who contribute to the overall capital market eco-system are expected to attend.
According to Oscar N. Onyema, Chief Executive Officer, NSE and President African Securities Exchanges Association (ASEA), the BAFM seminar is designed to promote growth in African financial markets, and presents an opportunity to enhance the capacity of African capital market participants and exchanges to compete effectively on the global stage.
“As African economies reposition themselves following the significant impact of global headwinds that have challenged the continent’s growth prospects, African securities exchanges must step up their efforts at driving liquidity in their markets in order to help finance the continent’s infrastructure and capital requirements. Initiatives such as this form an integral part of the continued development of sustainable economies within the continent bearing in mind peculiar strengths that we could leverage individually and collectively as we press forward.”