The African Securities Exchanges Hosts the 11th Building African Financial Markets Seminar in Victoria Falls, Zimbabwe

April 18, 2023
Posted by: ASEA
Category: News

The Zimbabwe Stock Exchange (ZSE) held the closing ceremony of the 11th Building African Financial Markets (BAFM) Seminar on 13th April 2023. The opening ceremony was officiated by Commissioner, Yona Banda, Chairperson of the Securities and Exchange Commission of Zimbabwe.

The BAFM Seminar is a capacity-building initiative by the African Securities Exchange Association (ASEA) designed to promote growth in African financial markets and is an opportunity to enhance the capacity of African exchanges to compete effectively on the global stage.

The two-day seminar running under the theme, Managing Risks in Turbulent Times attracted over 150 delegates from over 28 stock exchanges across Africa.

Speaking during the seminar Commissioner, Yona Banda, Chairperson, Securities and Exchange Commission of Zimbabwe noted that;” The capital market is a key pillar in our economy, and I applaud the leading role capital market operators have played in promoting asset ownership and wealth creation amongst entrepreneurs.

I am pleased to know that the topics covered in this seminar, which includes financial risks, climate risks, technology risk, Market Innovation, Regulatory Technology, climate finance solutions and Market Integration amongst others are some of the most topical issues today affecting market growth in Africa”.

Mr. Thapelo Thseole, President of the African Securities Exchange Association (ASEA) and CEO of the Botswana Stock Exchange noted that; “The BAFM is at the crux of ASEA’s aspirations to promote market development via capacity building and training for member Exchanges. In line with this ASEA continues to seek out partnerships with global institutions to align itself and member exchanges with highest global standards”.

Reiterating those remarks, The ZSE Chief Executive Officer Justin Bgoni said; “The ZSE is honored to host and be part of this seminar because building African financial markets through capacity building and knowledge sharing to promote and facilitate innovative initiatives is a strategic priority for the ZSE”.