Governance

Executive Committee

President, CEO: Bourse Régionale des Valeurs Mobilière

Dr. Edoh Kossi Amenounve

Mr. Edoh Kossi AMENOUNVE holds a PhD in Administration and Finance from Laval University in Canada (1995) after an MBA (1992).

Before taking office as CEO of the Bourse Régionale des Valeurs Mobilières (BRVM) and the Central Depository/Settlement Bank (DC/BR) in October 2012, Mr. Edoh Kossi AMENOUNVE was from September 2003 to September 2012 Secretary General of the Regional Council for Savings and Financial Markets (CREPMF), the financial market regulation authority of the West African Economic and Monetary Union (WAEMU).

Before that, he was CEO of SGI-TOGO, a Brokerage Company from Togo operating in the regional financial market, from 1997 to 2003 and President of the Professional Association of Brokerage Houses of WAEMU (APSGI) from 2000 to 2001. He has also created OPTI ASSET Management, an Asset Management company of Collective Investment Schemes (CIS).

From 1997 to 2000, he worked toward the installation of the Regional Stock Exchange (BRVM) and the Central Depository / Settlement Bank (DC / BR) as Assistant to the Chairman of the Board and Secretary of the Technical Monitoring Committee.

Mr. Edoh Kossi AMENOUNVE led during his position as Secretary General of the CREPMF major financial market reforms namely the review of basic texts, reform guarantees and the introduction of notation, the development of the mortgage market and securitization, harmonization of taxation of securities in the WAEMU and the introduction of tax incentives, review of market pricing.

Vice President, CEO: Botswana Stock Exchange

Mr. Thapelo Tsheole

Mr Tsheole is a seasoned Financial Markets expert with a cumulative experience of 15 years having worked for Bank of Botswana and Botswana Stock Exchange.

Mr Tsheole holds a Bachelor of Social Sciences (Single Major Economics) from the University of Botswana and a Master of Commerce (MComm) in Financial Markets from Rhodes University (RSA). Further, he holds a Masters in Business Administration (MBA) from the Graduate School of Business, University of Cape Town (RSA). He has also completed several financial markets programmes as well as a Leadership Development Programme at the University of Stellenbosch Business School (RSA).

Mr Tsheole has extensive financial markets experience in Capital Markets, Forex, Structured Products and the Financial Market Regulation. He was appointed CEO of the Botswana Stock Exchange (BSE) in January 2016 following a short stint as Deputy CEO at BSE since February 2014. His career at BSE began in February 2007 when he was appointed Product Development Manager.

Mr Tsheole is a firm believer in the development of the financial market in Botswana and Africa, as well as their importance to economic growth and stability. It is against this backdrop that he has led initiatives to increase activity in the financial market in Botswana.

Mr Tsheole currently sits on the following Boards; Botswana Accountancy Oversight Authority, Medicines Regulatory Authority of Botswana, ACHAP Botswana and ACHAP International.

CEO: Johannesburg Stock Exchange

Dr. Leila Fourie

With over 25 years of international experience, primarily in financial services, Leila Fourie has served on multiple boards and held senior roles in banking, capital markets and payments. Dr Fourie was appointed as CEO of the Johannesburg Stock Exchange effective 1 October 2019. Prior to this role, she held the role of CEO of the Australian Payments Network. Dr Fourie served as Executive responsible for Consumer Finance at Australia’s largest bank, The Commonwealth Bank of Australia, and also served as the NSW Vice President of the Economic Society of Australia and on the Board Audit Committee of Lifeline Australia. Before moving to Australia, Dr Fourie served on the Board of the Johannesburg Stock Exchange as an Executive Director. Dr Fourie previously worked for one of South Africa’s largest banks, Standard Bank as Card Division Managing Director. During this time, she served as Chairman on the board of Diners Club and Board Member on Discover’s Chicago-based Diners Club International Advisory board. Leila started in Standard Bank’s Investment Bank as Global Director Credit analytics, capital and portfolio management for SA, UK, Hong Kong, Russia, Brazil and Argentina. Leila has a PhD in Economic and Financial Sciences and won the Economic Society South Africa Founders’ award in 2012 for best Masters Economics thesis in the country. Leila has published several articles in academic journals and actively advocates for policy development in various sectors.

CEO: Rwanda Stock Exchange

Pierre Celestin Rwabukumba

Pierre Celestin RWABUKUMBA, a Rwandan national, is the current Chairman of the East African Securities Exchanges Association (EASEA) and Chief Executive Officer of the Rwanda Stock Exchange Ltd. He was the Co- founder and Chairman of Kigali Cement Company, a private company that produces, Markets and sells cement in Rwanda and neighboring countries. He is also a non Executive in a number of institutions in finance and business development, hospitality and industry in Rwanda and beyond. The list include the Securities Industry Training Institute (SITI East Africa) where is serves as Chairman, The Executive Committee of the African Securities Exchanges Umbrella Organization (ASEA), The New Faces New Voices  – Rwanda and others.  He is also involved in different investment projects ranging from Real Estate, Poultry and Agro – processing to Energy.

Mr. Rwabukumba started his career in financial services in New York City more than a decade ago after graduating from the University of Buffalo (UB), New York in the United States with A bachelors Degree in Economics. He worked in different professional positions as a stock broker, in Compliance and Operations and Institutional Investors’ Sales before he joined the Central Bank of Rwanda in 2004 to help start the Capital Market Development Project in Rwanda. Mr. Rwabukumba is a seasoned negotiator as he has been instrumental in different negotiations on regional integration of the East African Community. He has served on different Capital Market Committees both at the national and the regional level; the latest being the High Level Task Force negotiating the EAC Monetary Union. He completed an international post Graduate Advanced Management Program (AMP) for Executives at Strathmore Business School.

CEO: Ghana Stock Exchange

Mr. Ekow Afedzie

Having worked with the Exchange since its inception in 1990, Mr. Afedzie has over 28 years of experience in the capital market, some of which were spent as the Head of Marketing, Research and Systems and as General Manager of the Exchange.

Mr. Afedzie has been associated with many transformational projects at the Ghana Stock Exchange. He coordinated the automation of the trading, clearing and settlement functions of the Exchange as well as the establishment of a depository company for equities. He was also instrumental in the establishment of the Ghana Fixed Income Market (GFIM) and the Ghana Alternative Market (GAX). Mr. Afedzie is experienced in stock market operations and has participated in many international conferences in that area. He has also made significant contributions to local and international research on stock markets and presented papers on stock market operations at many local and international fora.

Mr. Afedzie holds a Master’s Degree in Business Administration and a Master of Arts Degree in Economic Policy Management, both from the University of Ghana. He also holds a Bachelor’s degree in Law from Mountcrest University College.

CEO: Central African Securities Stock Exchange (BVMAC)

Mr. Jean Claude Ngbwa

Mr. Jean Claude NGWBA is the current Chief Executive Officer of the Central African Securities Stock Exchange (BVMAC).

Prior to his appointment, Mr Jean Claude was the Chairman of Cameroon Financial Markets Commission (CMF) Appointed by Presidential Decree a position he held from August 2016 to May 2019. During his tenure at CMF he restored Cameroonian Financial Markets to competitive status, strengthened regional and international markets co-operation with Central African Economic and Monetary Community (CEMAC) countries and oversaw the financing of economic activities through public and private bond loans.

From January 2006 to December 2015, Mr. Jean Claude served as the General Secretary of Inter-African Conference on Insurance Markets (CIMA), where he oversaw, supervised and regulated insurance markets and micro-finance sectors through the 14 countries members of CIMA, promoted and improved insurance markets, implemented and enforced sanctions against organizations that breached code of conduct for CIMA and created reforms to implement strong protection of insured individuals and business through the creation of proper channel of payment through Micro-finance institutions.

From 2002 to 2005, he served as the Director of Economic Controls and international Finances- Republic of Cameroon Ministry of Finance and Budget.

He holds a Bachelor’s Degree of Financial Supervisor and Treasury from the National School of Administration and Magistry (ENAM)- Yaounde, Cameroon and a Masters in Economics (Analysis and Economic Policy) from the University of Yaounde.

Mr. Jean Claude is also a member of various professional bodies and has attended various courses and forums worldwide.

Executive Chairman, The Egyptian Exchange (EGX)

Dr. Mohamed Farid Saleh, PhD

Dr. Mohamed Farid Saleh was appointment as the Executive Chairman of EGX since August 2017 as per the Prime Ministerial Decree No. 1759/2017.  Currently, Dr. Farid is the Chairman of The Arab Federation of Exchanges (AFE), the Chairman of the Federation of Euro‐Asian Stock Exchanges’ (FEAS) Working Groups and the Chairman of the Emerging Markets Working Group at the World Federation of Exchanges (WFE).  Prior to his appointment as EGX Executive Chairman, Farid served as the Chairman and CEO of Dcode EFC, a leading economic forecasting and advisory firm in Egypt.

Furthermore, between 2013 & 2016, Mr. Farid was an external consultant on Venture Capital and Financial Leasing for the World Bank Group in Egypt, and was a member of the Capital Market Advisory Committee established by the Financial Regulatory Authority [FRA]. Additionally, he was the Vice Chairman of the Egyptian Exchange in 2010-2011.

Farid holds a PhD in Financial Economics from Cardiff Metropolitan University, an MSc in Quantitative Finance from CASS Business School in the United Kingdom, an MSc in Economics, Finance & Investment from York University, an MBA from the Arab Academy for Science, Technology & Maritime Transport (ASST), a certificate in Venture Capital form UC Berkley, the United States of America, a certificate in Time-Series Analysis from Timberlakes Cambridge, and BSc in Foreign Trade and Economics from Helwan University.

He also served as a part time lecturer in Financial Markets, International Finance, Financial Derivatives at the American University in Egypt (AUC) and at the Arab Academy for Science, Technology and Maritime Transport (ASST).

CEO & Executive DirectorDar es Salaam Stock Exchange PLC (DSE)

Mr. Moremi Marwa

Moremi Marwa is currently the Chief Executive Officer and Executive Director of the Dar es Salaam Stock Exchange PLC (DSE). Moremi has 18-years of broad experience in financial markets and senior management in multiple organizations including Deloitte, Ernst & Young, Barclays Bank and Bank of Africa. His areas of expertise includes corporate finance transaction advisory, banking and capital markets.

Moremi serves in the Boards of Tanzania Revenue Authority, Bank of Africa Tanzania, Strategis Insurance, Victoria Finance PLC, CSD & Registry Company Ltd and African Stock Exchanges Association (ASEA). He is also the Chairman of the Grants Committee of Muhimbili University of Health and Allied Sciences.

Moremi is a Certified Public Accountant (CPA), he holds an MBA in Finance and Bachelor of Commerce in Accounting, both from the University of Dar es Salaam. He is Alumni of Harvard Business School and the Aspen Institute having attended their Authentic and Value-based Leadership Programs.

The Secretariat

ASEA Secretariat

Ms Furaha Karba

Ms. Furaha Karba is the Head of Secretariat at the African Securities Exchanges Association (ASEA) and she is also the Manager of External Affairs at the Nairobi Securities Exchange, positions which she has
held since October 2015.
Ms. Karba has a Masters Degree in International Relations, specialization in Diplomacy and Foreign
Policy from the United States International University (USIU) Africa. She is a certified Master Negotiator from the Strathmore Business School and a certified Enterprise Risk Manager from the International Risk Management. She is also a member of The Network of African Women in Conflict Prevention and
Mediation (FemWise-Africa). She has previously worked at Nestle, Inter Management Group and General Motors.

Organizational Structure