Renewed ASEA-CISI partnership boosts professionalism across African capital markets

by Lora Benson | Jun 01, 2020

The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) are delighted to announce the renewal of their agreement to provide an effective framework to develop a common certification programme across the African capital markets*.

The aim of the partnership is to promote professionalism and knowledge sharing to support the development of the capital markets profession in Africa.  ASEA and CISI will continue to work together to provide a common certification framework for ASEA members, enabling practitioners to achieve internationally recognised qualifications that are relevant to their job. This includes the development of qualifications at foundation, regulatory and specialist technical level.

The arrangement also means that ASEA members will be able to access CISI Continuing Professional Development (CPD) resources and CISI membership, with CISI members able to participate in ASEA events and activities.

ASEA is the premier Association of securities exchanges in Africa and aims to enable African Securities Exchanges to become key significant drivers of the economic and societal transformation of Africa by the year 2025.

Dr Edoh Kossi Amenounve, President, ASEA (right in photo) said: “Capacity Building is one of ASEA’s 200520ASEANMoUrenewalStrategic Objectives and it is very important for the Association to press on with this mandate especially during this time of the Covid-19 pandemic.  The need to upscale our skills is a continuous one and will ensure we remain resilient even post the crisis. We are therefore very pleased to renew this partnership which benefits all participants of the African capital markets.”

Simon Culhane, Chartered FCSI, CISI CEO (left in photo) said: “Being a member of ASEA is a tremendous honour. We are so very pleased to renew this important partnership which has been instrumental in the development of relationships with several member exchanges to support them in developing human capacity. We are delighted to work with ASEA to offer our experience to help introduce internationally recognised qualifications and certification, ultimately contributing to ASEA’s vision for African society.”

The CISI’s first African office was opened in Kenya in 2018, and CISI also counts on a Country Representative in Nigeria, with support from National Advisory Councils in Kenya, Nigeria, and Mauritius. The global professional membership body has accredited training providers on a pan-African basis. Over 2,000 CISI exams were sat last year in Africa in 21 countries, and CISI counts on nearly 500 members in 15 countries.

 

*ASEA member exchanges include:

Botswana Stock Exchange

Johannesburg Stock Exchange

Uganda Securities Exchange

NASD OTC

Casablanca Stock Exchange

Nairobi Securities Exchange

Rwanda Stock Exchange

Bourse des Valeurs Mobilières de l’Afrique Centrale

Bolsa de Valores de Cabo Verde

Namibian Stock Exchange

Lusaka Stock Exchange

Kharthoum Stock Exchange

Egyptian Exchange

Nigerian Stock Exchange

Zimbabwe Stock Exchange

MERJ Exchange

Bourse Régionale des Valeurs Mobilières

Malawi Stock Exchange

Eswatini Stock Exchange

 

Ghana Stock Exchange

Mozambique Stock Exchange

Tunis Stock Exchange

 

Dar-es-Salaam Stock Exchange

Stock Exchange of Mauritius

FMDQ Securities Exchange Group