ASEA is a non-profit company limited by guarantee that was found in Kenya on the 13th of November 1993, according to Chapter 486 of the Laws of Kenya, with the aim of establishing systematic mutual cooperation and exchange of information among its members.
The association started with Nairobi Stock Exchange as the first member in 1993, followed by Mauritius, Uganda and Dar-es-Salam Stock Exchanges in the nineties.The association is currently represented by 20 exchanges in 27 African countries.
ASEA Mission Statement:
ASEA provides a forum for mutual communication, exchange of information, cooperation and technological assistance among its members, to facilitate the process of financial integration within the region for the effective mobilization of capital to accelerate economic development of Africa.
ASEA supports members in the establishment of Stock Exchanges and the development of financial instruments. The association also assists in promoting the development of standards of training and professionalism amongst members and other market players, standards of listing, trading and settlement of securities, the products and services of Africa’s capital markets as well as the establishment of a data bank and information system.
Together with enhancing member exchanges’ joint programs, the association aims to harmonize standards for market principals in the region.