Egypt’s EFSA nominated most innovative regulator in Africa

Egypt’s Financial Regulatory Authority been named the Most Innovative Capital Market Regulator in Africa.

The authority’s chairman Mohamed Omran welcomed the award granted by Africa Investor.

The title was announced in a ceremony held at Nasdaq Stock Market in New York. The Egyptian regulator snatched the award following a fierce competition with 10 African agencies.

Omran expressed appreciation for all bodies concerned in the Egyptian financial market for their positive interaction with the ACA.

He hailed amendments recently made to the capital market law, which were the first in more than 26 years.