The Securities and Exchange Commission (SEC), has called for cooperation among African markets in a bid to build a stronger interconnection within the continent and enhance development of new products.
The Director-General of the Commission, Emomotimi Agama made the call during a visit of the Board of the SEC to the Autorite Marocaine Du Marche Des Capitaux, AMMC (Moroccan Capital Market Authority) in Rabat Monday.
“We need to cooperate in Africa, invest in each other’s market and grow our continent. We want to build collaboration so that as Africans we can have a focus and build a strong interconnection. The time is now for us to look inwards.
“We are aware of your strength in Collective Investment Schemes and we know we can learn a lot from you. The population of Nigeria is huge and we need people to understand the huge benefits in CIS and how they can key into it.
“We appreciate the strength of the Moroccan economy and structure and we want to see what role the capital market has played in all of this”, he stated.
