African Exchanges Collaborate on Cross-Border Listings

The Securities and Exchange Commission (SEC), NGX Group Plc, and other stakeholders engaged with representatives from various African exchanges in Lagos to advance cross-border listings and deepen market integration across the continent. The meeting included representatives from the Johannesburg Stock Exchange, Ghana Stock Exchange, Ethiopian Securities Exchange, Bourse Régionale des Valeurs Mobilières, and Nairobi Securities Exchange.

Key discussions involved the listing of Dangote Petroleum Refinery as a test case for cross-border capital formats, aimed at enhancing investor participation across African markets. Aliko Dangote, President and CEO of Dangote Group, and Dr. Emomotimi Agama, Director General of SEC, highlighted the significance of this engagement as a major step towards integrating Africa's capital markets.

They stressed the need for collaboration among exchanges to create a unified investment landscape, improve access to capital, and support long-term economic growth. The discussions also examined frameworks for multi-jurisdictional listings and enhancing market infrastructure.