Tanzanian delegation and The Rt Hon. Justine Greening MP open trading on London Stock Exchange
- Event marks start of new London Stock Exchange Group Academy programme for Tanzanian capital market leaders
- London Stock Exchange Group signs MoU with DFID to work on capital market development projects across Sub-Saharan Africa
A delegation of senior Tanzanian capital markets professionals led by Moremi Marwa, CEO of Dar es Salaam Stock Exchange, and The Rt Hon. Justine Greening MP, Secretary of State for International Development, opened trading on London Stock Exchange this morning.
The event, hosted by Alexander Justham, CEO, London Stock Exchange plc was held to mark the start of a new, year-long training and professional development programme run by London Stock Exchange Group Academy. The programme will see LSEG Academy working with up to 50 Tanzanian market operators, regulators and professionals with the aim of helping to fast track the development of a long term, sustainable equity capital market in the country.
As part of the event, LSEG and DFID signed an MoU setting out their new partnership. LSEG and DFID will work together with the intent of providing development projects to help build the pool of skilled professionals in government and the private sector required for the continued growth of capital markets in sub-Saharan Africa. These initiatives will be facilitated in co-ordination with DFID’s country programmes and network of financial sector relationships in the region.
Alexander Justham, CEO, London Stock Exchange plc said:
“This is an exciting day and we are delighted to welcome so many of the leading figures from Tanzania’s capital markets. Both London Stock Exchange and DFID understand the importance of economic growth in improving people’s lives. By combining our expertise and experience in this innovative partnership, we hope to enhance capital markets across sub-Saharan Africa, so that they in turn can help companies to grow and create vital jobs.”
LSEG Academy has long experience of delivering bespoke training programmes for emerging and frontier market institutions and participants. These include the Angolan Capital Market Regulator, the Kuwait Stock Exchange, the Mongolian Stock Exchange, the Saudi Capital Markets Authority and Romanian capital markets institutions. In addition, LSEG’s technology division, MillenniumIT has worked with 13 African exchanges and infrastructure providers.
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Notes to Editors
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.
The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.
London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.
Further information on London Stock Exchange Group can be found at: www.lseg.com