Morocco joins African Exchanges Linkage Project to support cross-border securities trading

The Casablanca Stock Exchange has been connected to the African Exchanges Linkage Project (AELP), an e-platform which enables cross-border securities trading among African stock exchanges and contributes to economic integration.

In its first phase launched this week, AELP connects seven stock exchanges across 14 African countries: Morocco, Egypt, Nigeria, Kenya, Mauritius, South Africa and the West Africa Economic and Monetary Union, which comprises Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

The seven hooked up African stock exchanges represent 2,000 companies with roughly $1.5 trillion market capitalization. The AELP Link Trading Platform enables stock market integration, an order routing system, and market and order-book data sharing.

AELP is a joint initiative of the African Securities Exchanges Association (ASEA) and the African Development Bank, supported by Korea-Africa Economic Cooperation Trust Fund (KOAFEC).

The AELP platform offers great opportunity to investors and issuers across the continent. It is part of the African Continental Free Trade Agreement which aims to set up a liberalized market, facilitate the movement of capital & investments and enhance the continent’s economic integration.