Dr. Adesina welcomed the partnership with ASEA to leverage the huge pools of capital available in sovereign wealth funds, pensions and insurance for the development of Africa through appropriate intermediation through capital markets products. Additionally, he called for "increased mobilization of domestic pools of savings and support for small and medium enterprises (SMEs) as they constitute the bulk of Africa's private sector."
ASEA President, Oscar N. Onyema, says the partnership between AfDB and ASEA will complement the Association's obligation of promoting the activities of its members and of the African Capital Market through combined efforts. The MoU will pave way to various projects that will focus on the development of exchanges, deepening the stock markets and ultimately fueling African economic growth.
The AfDB and ASEA are devoted to see the continent achieve its full economic potential through a continuous robust relationship.
For further information please contact:
Mr. Emmanuel Diarra, Chief Financial Economist, Financial Markets Division, AfDB - email@example.com
Mrs. Akane Sanankoua-Zoukpo, Financial Markets Specialist, Financial Markets Division, AfDB - firstname.lastname@example.org
Ms. Furaha Karba, Senior Officer, ASEA Secretariat, ASEA - email@example.com