Newly elected AMEDA VP pledges broader capital market in Africa, Middle East

The newly elected Vice-President, global Central Securities Depositories (CSDs), Africa and Middle East Depositories Association (AMEDA), says he will work toward achieving a broader capital market development.

Mr Haruna Jalo-Waziri, in a statement in Abuja on Tuesday, assured stakeholders that he would ensure the advancement of post-trade services in Africa and the Middle East.

Jalo-Waziri, also the Managing Director/Chief Executive Officer of Central Securities Clearing System (CSCS) Plc, said the CSDs had pivotal roles to play in deepening Africa’s capital market.

“I am excited to work with established professionals through the collective prowess that AMEDA affords in leading the desired change in our respective capital market ecosystem and broader continent.

“I am excited at the commitment of our President, Mr Abdalla Abdin, and all members toward our mission.

“This reinforces my confidence in our collective ability to change the narratives of capital markets in Africa and Middle East,” he said.

AMEDA, established in April 2005, is a non-profit organisation that provides a structured platform for knowledge, information exchange and collaboration among CSDs in Africa and the Middle East.

CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as FGN-Sukuk and FGN Savings Bond), Equity-traded Funds, and Real estate Investment Trusts.