The African Development Bank (AfDB) and West African Monetary Institute (WAMI), have called for capital markets integration to boost cross border investment in the West African region.This will be done through West African Monetary Institute Capacity Building/Sensitisation Programme on West African Capital Markets Integration (WACMI) Phase II Project.
The director-general of WAMI, Dr. Olorunsola Olowofeso said, the project emphasises knowledge transfer and capacity building through workshops and technical training sessions to build the capacity of market operators, regulators, asset managers, financial infrastructure providers and other capital market participants on a range of financial market issues.
He added that an integrated capital market will equally provide common market infrastructure, enhance liquidity, promote efficient allocation of capital, increase investment opportunities, reduce costs for market participants, and foster economic growth and stability.
The programme will foster collaboration and enhance the understanding of the opportunities and challenges associated with the integration of capital markets in the West African region.
The project is funded by the African Development Bank (AfDB) and implemented by the West African Monetary Institute (WAMI) while Lead anchors are the West African Capital Markets Integration Council (WACMIC), a platform for chief executive officers of the Securities Exchanges and Central Securities Depositories in West Africa.
