To foster collaboration and enhance the understanding of the opportunities and challenges associated with the integration of capital markets in the West African region, the West African Monetary Institute (WAMI) is set to host a Capacity Building/Sensitisation Programme on West African Capital Markets Integration (WACMI) Phase II Project.
The event is scheduled to hold from July 11 – 12, 2023 at the Federal Palace Hotel Lagos, Nigeria.
According to the Director-General (DG), WAMI, Dr. Olorunsola E. Olowofeso, “Integrated capital market will foster cross border investment, stimulate and deepen the regional financial markets through series of activities aimed at harmonising capital market operational rules, providing aggregated financial markets information, providing common market infrastructure, enhance liquidity, promote efficient allocation of capital, increase investment opportunities, reduce costs for market participants, and foster economic growth and stability.
“The project emphasises knowledge transfer and capacity building through workshops and technical training sessions to build the capacity of market operators, regulators, asset managers, financial infrastructure providers and other capital market participants on a range of financial market issues, including regulations, supervision, innovative financing, cross-border investments and settlements.”
The project is funded by the African Development Bank (AfDB) and implemented by WAMI, while lead anchors are the West African Capital Markets Integration Council (WACMIC), a platform for chief executive officers of the Securities Exchanges and Central Securities Depositories in West Africa, and the West African Securities Regulators Association (WASRA), comprised of DG of the Securities & Exchange Commissions in the region.
The programme is expected to sensitize relevant stakeholders on efforts at enhancing cross-border investments across the region through the establishment of a common and integrated platform for the listing, trading, and settlement of securities transactions within West Africa.
Speakers at the event include DG of WAMI Dr. Olorunsola Olowofeso; DG SEC, Lamido Yuguda; CEO of the Nigerian Exchange (NGX), Temi Popoola; Deputy Governor, Economic Policy Directorate, the Central Bank of Nigeria, Dr. Kingsley Obiora and the Project Manager, WACMI Phase II Project, Dr. Abdulrasheed Zubair.