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AfricaMoney | June 28, 2017

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The Stock Exchange of Mauritius wins the “Most Innovative African Stock Exchange Award” surpassing the Johannesburg Stock Exchange.

The Stock Exchange of Mauritius wins the “Most Innovative African Stock Exchange Award” surpassing the Johannesburg Stock Exchange.

The Stock Exchange of Mauritius (SEM) has won for the third time in five years, the “Most Innovative African Stock Exchange of the year Award” at the Institutional Investment Capital Market Awards 2015 on the basis of a number of criteria, including, among others, initiatives implemented by the Exchange to embrace new areas of development.

The Award was presented to the SEM at Thomson Reuters in New York on 25th September 2015.

The Ai Institutional Investment Summit and Capital Markets Index Series Awards is now firmly established as a calendar event and platform to profile African Capital Markets opportunities and success stories to the international investment community.

The Ai Index Series Awards aims at rewarding different categories of players within the capital markets sphere, including stock exchanges, socially responsible companies, regulators, listed companies, investment banks, stockbroking companies, research teams and fund managers.

The Award in the “Most Innovative African Stock Exchange” category was given on the basis of a number of criteria, including, amongst others, initiatives implemented by the Exchange to embrace new areas of development, programmes in place to enhance the services it provides to its key stakeholders and compliance of the Exchange’s regulatory and operational set-up with international standards.

Commenting on the Award received by the SEM, Sunil Benimadhu, Chief Executive of the SEM said: “This Award for the third time in five years, comes as a recognition of the numerous initiatives taken recently by the SEM to scale up its activities and move up the value-chain of products and services it offers. In spite of a very difficult market environment, the SEM has been relentlessly pursuing an internationalisation strategy during the past few years aimed at setting the stage for the Exchange to emerge as a regional reference. It’s all about striving for new ideas and embracing new initiatives on a permanent basis. I would like to dedicate this Award to the SEM staff, the SEM Board, the CDS staff and many other capital market stakeholders who have all contributed to the SEM’s development in recent years. These stakeholders include, amongst others, Listing Committee members, stockbrokers, fund managers, listed issuers, investors, the FSC and the Ministry of Financial Services.”

The other nominees in the “Most Innovative African Stock Exchange” category were Johannesburg Stock Exchange, Nigerian Stock Exchange, Nairobi Securities Exchange, BRVM, Rwanda Stock Exchange, Egyptian Stock Exchange and Bourse de Tunis.

Commenting on the Awards winners, Hubert Danso, CEO and Vice Chairman of Africa investor, said, “Africa investor has long seen the need for a respected platform to provide recognition to Africa’s best and most innovative capital market leaders and institutional investors. We are delighted to be able to say that this year’s winners are our most exciting yet, and are testament to the ever-improving investment climate in Africa.”

The Best Performing Broker in Africa went to Ecobank Securities and Asset Management while Prudential was awarded Best Africa Fund Manager. Samba Foods was recognised as Best African Listing. In the Ai Index company categories, Best Performing Ai100 Company was awarded to Zambia National Commercial Bank; Best Performing Ai40 Company went to Equity Bank; Most Innovative Ai SRI 50 Company was awarded to Dangote Cement, and Most Innovative Ai SRI 30 Company went to GTBank for a second year in a row.

About Africa investor:

Africa investor is a specialist investment and communications firm advising governments, international organisations and businesses on strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Africa investor 40 Investors’ Index, hosts the Ai Index Series Summit & Awards and the Africa investor Infrastructure Projects Summit & Awards, among other events.

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