NGX Group, Nairobi Exchange Chart Path To Deeper Cross-border Collaboration
The Nigerian Exchange Group and the Nairobi Securities Exchange are collaborating to strengthen cross-border capital market connectivity in Africa. Leaders from both exchanges met to discuss facilitating easier investment flows and dual listings for companies operating across the continent.
Why it matters
Increased integration of African stock exchanges could provide companies with better access to capital and foster regional economic growth.
The Nigerian Exchange Group (NGX Group) and the Nairobi Securities Exchange (NSE) have advanced efforts to deepen cross-border collaboration.
This is as Nigerian and Kenyan market stakeholders met in Nairobi on Tuesday to explore opportunities to strengthen connections between the two markets and across Africa.
The engagement took place at the Dangote Petroleum Refinery IPO High-Level Investor Engagement hosted by the Nairobi Securities Exchange, with leaders of both exchanges examining how African capital markets can work more closely to facilitate investment flows and listings across the continent.
President and chief executive of Dangote Industries Limited, Aliko Dangote, who was present at the forum, said stronger collaboration among African exchanges could create opportunities for companies to access capital across multiple African markets, rather than limiting their capital-market presence to their home countries.
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