Rabat (Morocco), April 29, 2025 – Dr. Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC), has called for deeper collaboration among capital markets in Africa.
He said such level of collaboration would strengthen their integration and promote the development of new financial products.
Agama made the call in Rabat on Monday during a visit to the Moroccan Capital Market Authority.
Agama stressed the importance of African countries investing in each other’s markets to stimulate economic growth and create stronger linkages across the region.
He said the time had come for African regulators and stakeholders to look inward, build robust collaborations, and work towards a common vision for the continent’s capital markets
“We need to cooperate in Africa, invest in each other’s market and grow our continent. We want to build collaboration so that as Africans we can have a focus and build a strong interconnection. The time is now for us to look inwards.
“We are aware of your strength in Collective Investment Schemes and we know we can learn a lot from you. The population of Nigeria is huge and we need people to understand the huge benefits in CIS and how they can key into it.
“We appreciate the strength of the Moroccan economy and structure and we want to see what role the capital market has played in all of this.
“The capital market is an enabler to the development of the economy and we believe there is so much to learn from Morocco to help strengthen our own market. We are excited about what the future holds for us and how we can forge a common front.
“We are happy about the progress of CIS in Morocco and we want to learn from you and also tell you about or experience because there is a lot to gain.
“Our relationship and Integration will go a long way in building both markets and make life better for our citizens. We encourage governments to use long-term capital for long-term projects.
“The capital market is the solution to raising funds for long term infrastructure development. We see the capital market as a solution provider to move the economy forward. We want to make Africa better and a destination of choice
” We want to jointly work with other regulators to achieve it,” Agama said.
Ms. Nezha Hayat, the Chairperson of Moroccan Capital Market Authority, expressed delight at the level of relationship between the two countries.
She said she believed in an integrated market which is essential for cooperation.
“We are interested in dual listing; we will soon be authorizing funds in foreign currency which means the mutual funds can also be invested in foreign countries.
“We have a special focus on Nigeria, which will be one of the markets where this will happen. We need to deploy initiatives that will focus on developing our continent,” she said.
