London Stock Exchange Group today welcomes the inaugural session of its new Africa Advisory Group
London Stock Exchange Group today held the inaugural session of its new Africa Advisory Group which brings together African business leaders and senior representatives from pan-African economic bodies to discuss the challenges and opportunities presented by the development of Africa’s capital market infrastructure. Xavier Rolet, CEO of London Stock Exchange Group was joined by distinguished business leaders, policymakers and investors from across Africa. The Group will lead a number of initiatives to support capital markets development in Africa.
James Duddridge MP, Parliamentary Under Secretary of State at the Foreign and Commonwealth Offi
"The British Government is committed to assisting in the development of African capital markets. They have a vital role to play in funding new and growing businesses and the infrastructure development we all hope to see in Africa. This is an important initiative by the London Stock Exchange and we are delighted to offer our support. We look forward to working with the Africa Advisory Group and to working with the London Stock Exchange to implement its recommendations."
London Stock Exchange Group has a long history of supporting investment in African companies and the development of African capital markets. LSEG’s MillenniumIT capital markets technology is used by 11 African securities exchanges including Johannesburg Stock Exchange, Africa’s largest. In June 2014, LSEG signed a strategic agreement with Casablanca Stock Exchange to share its expertise on the full exchange business chain, from listing to trading, and from clearing to settlement and custody with a commitment to position Casablanca’s capital markets and financial infrastructure as a regional hub. There are 113 African companies listed or trading on LSE – more than on any other international stock exchange. These companies have a total market capitalization of over US$200 billion, and in the last 10 years have raised more than $26 billion on our markets.