In a move to deepen capital markets integration and development across the Southern African region, the Committee of SADC Stock Exchanges (CoSSE) has established the SADC Capital Markets Association (SACMA).
The association will serve as a broad and inclusive platform bringing together securities exchanges, capital market intermediaries, service providers, and strategic stakeholders.
In line with the Southern African Development Community (SADC) economic and financial sector priorities, SACMA aims to strengthen regional market integration, product and market innovation, technical cooperation, capacity building, and practical market development initiatives.
CoSSE, is expected to ensure continuity, coordination and effective execution of its duties. SACMA will also provide structure interface for engagement with development finance institutions, international partners, and strategic investors, thereby bolstering the mobilization of long-term capital for priority regional programmes.
Stakeholders’ Remarks on SACMA
“By bringing together exchanges and the broader capital market ecosystem under a single, coordinated platform, we are creating a practical mechanism to support regional integration, innovation and the mobilization of long-term capital for development. SACMA is designed to complement national and regional structures while providing, unified voice for SADC capital markets,” said CoSSE Chairman Mr. Collen Tapfumaneyi.
The association is expected to be launch later in the year.
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