Cairo bourse may take part in creating Congo stock market

Egypt is invited to take part in the establishment of the Congolese bourse, said the Egyptian stock exchange chief Mohamed Omran on Sunday.

Congo is interested to benefit from the Egyptian bourse’s expertise in order to establish its own stock market, Omran added.

During the Finance Session at the African international business forum – Africa 2016 hosted by Egypt, Orman said the Egyptian bourse focuses on bolstering cooperation with all the African markets.

The inward foreign investments in Africa record an annual growth of 65 percent, to reach US$ 87 billion, the Egyptian official added. Hence, the African continent has a significant appetite for investments.

Moreover, Omran has called for adopting policies to achieve sustainable development in the African continent.

The Democratic Republic of Congo does not have a stock market. It has neither a bond market nor a derivative market.

Egypt is hosting between 20th and 21st February Africa 2016, the first international business and investment forum of its kind, an Africa to Africa investment forum aimed at strengthening business ties within Africa, both at a business and presidential level.

The Finance session discussed the different approaches to financing and sustaining Africa’s growth, in the presence of

Finance session speakers: Samer Yassa – Co-Head of Private Equity at EFG Hermes Holding; Benedict Oramah – President of the African Export–Import Bank (Afreximbank), George Otieno – CEO of African Trade Insurance Agency; and Mohamed Omran – Chairman of the Egyptian Exchange (EGX).

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