London, 13 July. Today, London Stock Exchange Group (LSEG) hosts 22 African Ambassadors and High Commissioners from the African Union to discuss LSEG’s role in supporting Africa’s economic growth. Please find a picture of the delegation attached, as well as full names below.
Xavier Rolet, CEO, London Stock Exchange Group said: “London Stock Exchange Group is honoured to welcome today 22 High Commissioners and Ambassadors to the UK from the African Union. It is a unique opportunity for us to work together towards increasing foreign direct investment into Africa’s thriving economies. 104 London-listed African companies, with a combined market capitalisation of over $159 billion, have access to the deepest and most liquid pool of international investor capital through our markets. We are proud to be at the vanguard of funding global and a natural partner to Africa’s economic development.”
Emma Wade-Smith OBE, UK Trade Commissioner for Africa said: “Doing more, good business together is the best possible way to build the prosperous and thriving communities we want to see in the UK and across Africa. The British Government is committed to working with African Governments to encourage even more trade and investment within Africa and with the UK. Better harnessing the capital flows from the City of London can change the game, helping more African business people grow their companies and create jobs. So we are excited at the potential that London Stock Exchange’s engagement in Africa can realise.”
LSEG is a natural international capital raising partner to Africa. It has a long history of supporting the development of Africa’s capital markets and investment in African companies:
- 104 African companies are listed or trading on London Stock Exchange with a total market capitalization of over $159 billion
- African companies have raised more than $25 billion in the last 10 years in London
- 14 African sovereign are bonds listed in London
- In March 2017, LSEG launched its “Companies to Inspire Africa” report, identifying 343 of the continent’s most exciting and dynamic small businesses from across 42 African countries
- In March 2017, LSEG and GuarantCo, a Private Infrastructure Development Group company, signed a Memorandum of Understanding, agreeing to collaborate to explore opportunities to support and encourage the development of emerging debt capital markets and to facilitate new debt listings on London Stock Exchange
- In March 2016, LSEG established an Africa Advisory Group, bringing together 12 distinguished business leaders, policymakers and investors from across Africa, to discuss the challenges and opportunities presented by the development of the continent’s capital markets
- In November 2014, LSEG and The Nigerian Stock Exchange signed a capital markets agreement to support African companies seeking dual listings in London and Lagos
- LSEG’s market infrastructure technology is deployed in more 12 African markets
Un commentaire
This is something to not be proud of. This colonial striken madness. For Africa’s backwards colonial commodity reserved for the west to continue pillage and steal