- ASEA, CISI Partner to Promote Professionalism in Capital Markets
The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to develop effective framework for a common certification programme across the 26 ASEA member exchanges.
The aim of the partnership, according to the Nigeria Stock Exchange was to promote professionalism and develop channels for capacity building and knowledge sharing for the growth of the capital markets industry in Africa.
Among the 26 ASEA member exchanges include: Botswana: Botswana Stock Exchange, Cameroon: Douala Stock Exchange, Cape Verde: Bolsa de Valores de Cabo Verde, Egypt: Egyptian Exchange, Ghana: Ghana Stock Exchange. Also included are Ivory Coast (Benin, Burkina Faso, Mali, Niger, Senegal, Togo, Guinee-Bissau) BRVMM, Kenya: Nairobi Securities Exchange, Libya: Libyan Stock Market, Malawi: Malawi Stock Exchange.
Others are: Mauritius: Stock Exchange of Mauritius, Morocco: Casablanca Stock Exchange, Mozambique: Mozambique Stock Exchange, Namibia: Namibian Stock Exchange, Nigeria: FMDQ OTC Securities Exchange, and Nigerian Stock Exchange (NSE) Republic of Sierra Leone: Sierra Leone Stock Exchange. There are also Rwanda: Rwanda Stock Exchange, Seychelles: Seychelles Securities Exchange, South Africa: Johannesburg Stock Exchange, Sudan: Khartoum Stock Exchange, Swaziland: Swaziland Stock Exchange, Tanzania: Dar es Salaam Stock Exchange, Tunisia: Bourse de Tunis, Uganda: Uganda Securities Exchange, Zambia: Lusaka Stock Exchange and Zimbabwe: Zimbabwe Stock Exchange.
NSE explained that ASEA and CISI would work together to provide a common certification framework for ASEA members enabling practitioners to achieve internationally recognised qualifications that are relevant to their job.
The ASEA President and Chief Executive Officer, Oscar Onyema, at the Nigerian Stock Exchange said; “We are pleased to welcome the Chartered Institute for Securities & Investment as an Associate member of ASEA. One of the focus areas of my presidency of ASEA is human resources development across member exchanges. “I believe that trained practitioners and trusted individuals are key to boosting professionalism, and in turn enhancing the attractiveness of Africa as an investment destination. We look forward to working with the CISI and benefitting from their international footprint and globally portable qualifications.”
The Chartered MCSI, Global Business Director at the CISI, Kevin Moore said; “We are delighted to have become part of the ASEA membership and to be able to offer our experience to introduce internationally recognised qualifications and certification.
Moore noted that the CISI has been working internationally for 10 years and has spent three years in Africa.
“ASEA is the premier Association of 26 securities exchanges in Africa with the aim of developing member exchanges enhance the global competitiveness of member exchanges and provide a platform for networking and exchange of information.”