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AELP: a platform available to facilitate the purchase of shares of blue-chip companies in major African economies

22/11/2022
Categories: Index/Markets

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African Exchanges Lingage Project (AELP), it is the operational platform available to Nigerians who want to buy shares of top-notch companies in major African economies without having to travel.

Six stock exchanges on the continent are made accessible through this application. These are the Regional Securities Exchange (BRVM), Casablanca Stock Exchange, The Egyptian Exchange (EGX), Johannesburg Stock Exchange (JSE), Nairobi Securities Exchange (NSE), Nigerian Exchange Limited (NGX), and Stock Exchange of Mauritius (SEM). These exchanges have all collaborated to provide them with a platform to facilitate cross-border exchanges.

aELP allows the trading of Phase 1 listed securities on the aforementioned exchanges. It is a flagship project, a flagship project (of the African Securities Exchange Association (ASEA) and the African Development Bank (ADB)) with the vision of facilitating cross-border exchanges between seven participating exchanges and certain brokerage companies.

According to the President of ASEA, Dr. Edoh Kossi Amenounve, “the commissioning of the AELP Link today is an important step towards realizing ASEA's mission of engaging African capital market ecosystems to foster capital mobilization, promote sustainability, and strengthen financial inclusion in benefit from the economic development of Africa.

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