ASEA Elects Popoola as Executive Committee Member

By Aduragbemi Omiyale

The chief executive of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has been elected as an executive committee member of the African Securities Exchanges Association (ASEA).

His election into the team was at the association’s Annual General Meeting and Conference held in Abidjan, Cote D’ Ivoire, on December 7, 2022.

Also elected at the event was the CEO of the Botswana Stock Exchange, Thapelo Tsheole as the president and the CEO of the Rwanda Stock Exchange, Pierre Celestine Rwabukumba, as the Vice President of ASEA.

ASEA is the continent’s prime association of securities exchanges, established in 1993 with the mandate to develop its members’ markets, promote the capital market business and provide a platform for networking.

Speaking of his election into the committee, Mr Popoola appreciated the representatives of the member exchanges for their confidence in selecting the committee members and thanked the immediate past president, Dr Edoh Kossi Amenounve, for his service to the association.

“I also appreciate the Group Chief Executive Officer of Nigerian Exchange Group Plc, Mr Oscar Onyema, for his support during my election to the committee and his efforts on ASEA’s initiatives during his time as leader of the association.

“As the president of ASEA between 2014 and 2018, he championed the initiation and development of the African Exchanges Linkage project, which is now being officially launched and will aid the pooling of liquidity across exchanges on the continent.”

“ASEA, as the premier association of securities exchanges in Africa, is tasked with the duties of promoting the capital markets of its members at the global level and fostering capital inflows into African capital markets.

“At NGX, we will continue to collaborate with other ASEA members on the development of our markets, intelligence and data sharing and join in advocacy efforts.

“I am confident that the committee will continue to advance the pan-African agenda, enhance sustainability and capital mobilisation efforts and drive continent-wide financial inclusion for the development of our continent,” Mr Popoola added.