Egypt to hold Africa’s major bourses meeting next November: official

The Egyptian Exchange (EGX) will host the African Securities Exchanges Association’s (ASEA) annual meetings next November, its chief Mohamed Omran announced Thursday.

The ASEA’s event is expected to be organsied in Egypt under the auspices of the Egyptian prime minister, Omran added.

The association, formed in 1993, aims at developing member exchanges through provision of a platform over which exchange of information is carried out.

The 20th African Securities Exchanges Association annual summit was held in Kigali, Rwanda, last year, when the association chose EGX chairman Omran as head of the capital markets standards committee for the third time in a row.

The capital markets standards committee is tasked with standardising the criteria on which African stock exchanges depend to issue their statistics.