Dr Edoh Kossi Amenounvé is the new president of the Association of African Securities Exchanges, ASEA. He replaces since Wednesday, April 1, Karim Hajji, the Managing Director of the Casablanca Stock Exchange, admitted to assert his retirement rights.
The CEO of BRVM and DC/BR will now be responsible for chairing the Executive Committee of the Association, made up of the Johannesburg, Casablanca, Ghana, Kenya, Rwanda, Botswana, BRVM and the BVMAC.
This promotion comes at a time when the whole world is experiencing an unprecedented health, social and economic crisis. A challenge he will have to meet by coordinating the actions of African stock exchanges in the face of the coronavirus pandemic as well as the execution of the post-crisis strategy of African capital markets for the recovery of the continent's economies.
Elected member of the ASEA Executive Committee since 2014, this Togolese financier, a graduate of Laval University in Canada, enjoys a long career of more than 23 years in the capital markets.
A sum of experience that he will have to use to steer the major projects underway, in particular the implementation of the integration project for African stock exchanges, the conduct of high-level discussions of African stock exchanges with the Union Commission African for a pan-African stock market, advocacy for depth and liquidity in African markets, in particular through privatizations and capacity building of ecosystem players.
Established in 1993, ASEA works to develop the potential of African capital markets. Its vision is to enable Africa's stock exchanges to be key players in Africa's economic and social transformation by 2025.
It represents $1535 billion in market capitalization and 65% of Africa's GDP as of December 31, 2019.