African Stock Exchange to Implement Deutsche Börse Tech
AFSX plans to allow for trading throughout Africa, and the use of Xetra tech will allow two-way traffic between African participants and European firms.
"A truly pan-African stock exchange is vital to develop local entrepreneurship and innovation that will spur job creation and accelerate the development of the African continent," says Dhaneshwar Damry, chairman of AFSX. "This ground-breaking partnership brings together a team of talented Africans driven by a strong sense of purpose with the technology, trading partners and expertise from Deutsche Börse. The teams at AFSX aspire to contribute to Africa's rise by establishing the financial gateway to Africa that will in turn strengthen the continent's domestic exchanges through increased liquidity."
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