The Southern African Development Community Stock Exchanges Committee (CoSSE), representing 14 stock exchanges registered with SADC, has decided to create the SADC Capital Markets Association (SACMA), a new regional body aimed at strengthening capital market integration and development across the region.
SACMA, according to a statement, will serve as a broad and inclusive platform, bringing together stock exchanges, capital market intermediaries, service providers, and strategic stakeholders.
CoSSE will act as the executive arm of SACMA, ensuring the continuity, coordination, and effective execution of its mandate. The Association’s objectives include promoting regional market integration, product and market innovation, technical cooperation, capacity building, and practical market development initiatives aligned with SADC’s economic and financial sector priorities.
The SADC Capital Markets Association will act in support of national regulators and existing regional structures, without exercising regulatory authority.
SACMA will also provide a structured interface for dialogue with development finance institutions, international partners, and strategic investors, supporting the mobilization of long-term capital for priority regional programs.
Through coordinated engagement, the association will amplify the collective voice of SADC capital markets in regional and global policy discussions and support efforts towards market convergence and regulatory harmonization.
Speaking about this important milestone, CoSSE Chair Collen Tapfumaneyi said that the creation of SACMA represents an important milestone in the evolution of SADC capital markets.
“By bringing together stock exchanges and the broader capital market ecosystem on a single, coordinated platform, we are creating a practical mechanism to support regional integration, innovation, and the mobilization of long-term capital for development. SACMA is designed to complement national and regional structures while providing a strong, unified voice for SADC capital markets,” Tapfumaneyi assured.
Preparations for the official regional launch of SACMA later this year are underway. The body is expected to play a key role in advancing regional economic integration, competitiveness, and inclusive growth, contributing to the achievement of SADC’s long-term development goals.
Source: Forbes África Lusófona
