Kayode Tokede
In a bid 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 is set to host a Capacity Building/Sensitization Program on West African Capital Markets Integration (WACMI) Phase II Project.
The Director General WAMI, Dr. Olorunsola Olowofeso, in a statement said, “Integrated capital market will foster cross border investment, stimulate and deepen the regional financial markets through series of activities aimed at harmonizing 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 emphasizes 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 the West African Monetary Institute (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).
