Abiola Odutola
The Nigerian Stock Exchange, NSE, has won the 2014 Best Initiative in support of small and medium enterprise, SMEs, and the Millennium Development Goals by Africa investor, Ai, an investment group, at the annual Ai Investment and Business Leader Awards in Washington DC, United States yesterday.
The exchange was rewarded for providing a platform for sustainable growth and development of the small to mid-sized companies, as they remained the drivers of growth in the African economy.
While receiving the award, Oscar Onyema, chief executive officer, NSE, reiterated the commitment of the exchange to take a leading role in creating a more sustainable and inclusive economy for stakeholders in the stock market. “As a responsible financial institution, we are particularly focused on ensuring financial inclusion and supporting global partnerships with the aim of addressing millennium development goal 1 and 8,” he said.
Onyema noted that the exchange re-launched the Alternative Securities Exchange Market, ASeM, in 2013 to address the funding and management gap experienced by SMEs in the country.
He said the ASeM operates under less stringent listing requirements to accommodate the peculiarities of SME’s compared to larger and more mature companies.
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