{
  "id": 15515991,
  "title": "Nigerian Exchange deepens cross-border investment t across Africa",
  "url": "https://urgent.news/2026/10/18/nigerian-exchange-deepens-cross-border-investment-t-across-africa",
  "topic": "world",
  "section": "World",
  "published": "2026-10-18T23:44:33.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/nigerian-exchange-deepens-cross-border-investment-t-across-africa/"
  },
  "original_language": "en",
  "account": "Nigerian Exchange Group Plc and its partners are expanding cross-border investment cooperation among African capital markets, engaging with partners in Cairo, Egypt, and Addis Ababa, Ethiopia. The focus of these talks was on enhancing investment accessibility across the continent through market infrastructure and institutional partnerships. The discussions centered on connecting investors across different jurisdictions and leveraging African capital for industrial development. These meetings took place on Thursday, October 15th, 2026, with the Egyptian Exchange hosting the event in Cairo in partnership with the African Export-Import Bank, and the Ethiopian Securities Exchange organizing the session in Addis Ababa. Industry leaders, financial institutions, and capital market stakeholders gathered to explore practical strategies for enhancing market connectivity, increasing investor participation, and mobilizing African capital for productive investments. NGX Group's CEO, Temi Popoola, stressed the need to tackle structural barriers hindering investment flows across African markets. He highlighted the continent's substantial institutional capital but emphasized the need for improved market infrastructure and collaboration to connect these resources with investment opportunities across borders. Dangote Industries' offer, exemplified by the Dangote Petroleum Refinery and Petrochemicals FZE, serves as a practical case study for addressing infrastructure barriers to cross-border investment. Aliko Dangote, the President and CEO of Dangote Industries, underscored the significance of major industrial projects in boosting Africa's productive capacity, reducing import dependency, and fostering long-term economic growth. He commended NGX Group's efforts in convening African exchanges to collaborate on this initiative and applauded the participating exchanges for their cooperation. Alhaji Umaru Kwairanga, NGX Group's Group Chairman, stressed the importance of sustained institutional cooperation and market infrastructure development to make cross-border investment more accessible and efficient. The Cairo engagement saw the Egyptian Exchange's Executive Chairman, Omar Radwan, discussing the potential of Egyptian Depositary Receipts for Egyptian investors to access African businesses. Dr. George Elombi, President and Chairman of Afreximbank, reaffirmed the bank's commitment to supporting African industrial development and mobilizing African investment towards enterprises that can contribute to the continent's economic transformation. In Addis Ababa, discussions centered on expanding investment opportunities for Ethiopian investors and boosting Ethiopia's role in Africa's evolving capital market landscape. The ESX's CEO, Yodit Kassa, welcomed the engagement, noting its significance for Ethiopian investors and the country's burgeoning capital market. She emphasized the Dangote Petroleum Refinery offer as an important opportunity for Ethiopian investors to participate in Africa's leading industrial enterprise and reflected growing confidence in Ethiopia's capital market. These discussions followed earlier sessions at the Nairobi Securities Exchange and the Botswana Stock Exchange, broadening the scope of cross-border investment conversations across multiple African markets. The talks also addressed the practical aspects of cross-border participation, such as regulatory recognition, distribution, investor verification, settlement, custody, and access to reliable information. The Dangote Refinery offer presents a tangible opportunity for exchanges, regulators, intermediaries, and financial technology platforms to collaborate on addressing these challenges within their respective regulatory frameworks. NGX Group remains committed to partnering with other exchanges and financial institutions to enhance market infrastructure, broaden cross-border investment access, and promote collaboration among African capital markets, ultimately contributing to Africa's long-term economic and industrial development.",
  "summary": "The Nigerian Exchange Group is leading engagements across Africa to advance cross-border investment, using the Dangote Refinery offer as a case study. Read More: https://punchng.com/nigerian-exchange-deepens-cross-border-investment-t-across-africa/",
  "key_points": [
    "Nigerian Exchange Group partners with Cairo and Addis Ababa exchanges",
    "Discussions focus on enhancing cross-border investment accessibility",
    "Dangote Industries' refinery serves as a case study for infrastructure"
  ],
  "editors_take": "Strengthening ties between regional exchanges shifts the focus toward unified market infrastructure, allowing institutional capital to flow more freely toward large-scale industrial projects across the African continent.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Nigerian Exchange deepens cross-border investment t across Africa",
        "url": "https://urgent.news/2026/10/19/nigerian-exchange-deepens-cross-border-investment-t-across-africa",
        "published": "2026-10-19T00:00:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}