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.

Executive Chairman, The Egyptian Exchange (EGX)

Rami ElDokany

Rami ElDokany has more than sixteen years of professional experience in the field of capital markets private equity, investments, corporate finance, strategic planning and business development, accompanied by a strong educational background, from prominent local and international institutions.

In August 2022, Rami was appointed by the Egyptian Prime Minister to be the Executive Chairman of The Egyptian Exchange (EGX). Accordingly, Rami is the board member of the Federation of Euro-Asian Stock Exchanges (FEAS), The African Securities Exchanges Association (ASEA), and the Arab Federation of Capital Markets (AFCM).

Prior to this, in 2019, Rami was appointed as Secretary General of the Arab Federation of Exchanges, to formulate a common vision for the Arab Capital markets and introduce fintech ideas. Arab Federation of Capital Markets is the home for more than 20 Arab exchanges and clearing houses, as well as many prominent brokerage firms throughout the Arab World. During his post as the Secretary General of the AFCM, he managed, with the AFCM members, tailored a strategic restructuring program of the federation, allowing more inclusion among its members, and abiding to governance practices and providing a sustainable path for the federation.

Rami co-founded Pride Capital in 2017 to utilize his long experience in financial services and investments and passion to technology, and recently launched a fintech accelerator with Startupbootcamp in Cairo – the program is supported by Alex Bank, Visa, IFC, GIZ, Pharos Holding, Ayady & Exprot Development Bank of Egypt, and has invested in more than 11 startups in 1 year.

Recently, as well, Rami was a Board member of BM Lease– subsidiary to Banque Misr, and an investment committee member of the VC program of the Social Development Fund (in cooperation with the World Bank), where he approved several investments in debt and equity with multiple start-ups and accelerators like Cairo based Flat6Labs, as well a former Investment Committee member of the Insurance Holding Co.

His last post was VP at Al-Ahly Capital Holding – the investment arm of the National Bank of Egypt. During his post, he joined the Board of Directors of one of the leading oil refineries in Alexandria – Alexandria Mineral Oils Co.- worth of USD 600MM. Before that, Rami worked in HC investment banking, Etisalat Misr, LINKdotNET, and MIBank.

Rami Holds an M.Sc. From Wales University & B.Sc. From Cairo University. Rami’s passion to FinTech is continuing to grow, now he is enrolled in the Oxford 10-weeks FinTech Program.

CEO: Central African Securities Stock Exchange (BVMAC)

Banga Ntolo

Chief Executive Officer of the Casablanca Stock Exchange

Mr. Tarik SENHAJI

Mr. Tarik SENHAJI is graduated from the Ecole Polytechnique de Paris and the National School of Statistics and
Economic Administration (ENSAE) in Paris. He began his career as a finance manager at the International Finance
Corporation (World Bank Group) in Washington DC. Then he held various management positions in the capital
markets in London at Société Générale, Dresdner Kleinwort Benson, Calyon CIB and Natixis CIB.

Mr. Tarik SENHAJI has accumulated over 23 years of experience in the financial sector on the Moroccan and
international markets. Before his new position as chief executive officer of Casablanca Stock Exchange, he was
Managing Director of Ithmar Capital, Strategic Investment Fund and Chairman of the Moroccan Society for Tourist
Engineering.

Chief Executive Officer of the Dar es Salaam Stock Exchange

Mary Stephen Mniwasa

Mary Stephen Mniwasa is currently the Acting Chief Executive Officer and Chief Legal Counsel of the Dar es Salaam Stock Exchange PLC (DSE). Ms. Mniwasa has 15 years’ experience in Capital Markets and Stock Exchange Operations leading in most of the major strategic initiatives of the DSE.

Ms. Mniwasa has been a Country’s Coordinator of the Securities Industry Training Institute under the East African Securities Exchanges Association and has participated in the Capital Markets Technical Working Group for preparation of East Africa Community (EAC) Council Directives that harmonizes the EAC Capital Markets Legal and Regulatory Framework.

She has played major role in development of Market Rules, securities markets supervision and training of market participants.

Ms. Mniwasa is a holder of Master of Laws (LLM) from the University of Dar Es Salaam and a Bachelor of Laws (LLB) degree from the same university. She is also a registered Advocate, Notary Public and Commissioner for Oaths.

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