EGX Showcases FinTech Innovations and Market Accessibility at ”Building African Exchanges” Conference in Tanzania
The Egyptian Exchange (EGX) participated in a panel discussion titled "FinTech and Market Accessibility" as part of the "Building African Exchanges" conference, hosted by the Dar es Salaam Stock Exchange in Tanzania from July 1 to 2. The event brought together heads and representatives of African and international stock exchanges, capital markets, and financial institutions on the sidelines of the African Securities Exchanges Association (ASEA) board meetings.
Omar Radwan, Chairman of the Egyptian Exchange, emphasized the importance of cementing the Egyptian capital market's position within regional and international financial ecosystems. He noted that the upcoming phase will witness proactive international engagement in collaboration with various market stakeholders, aiming to support development efforts, boost market competitiveness, and increase investment attractiveness.
During the session, Rehab Sallam, General Manager of International Relations at EGX, highlighted the market's experience in leveraging financial technology to expand its investor base and streamline market accessibility. She explained that the Egyptian market has seen remarkable growth, with the number of new investors—particularly among the youth—doubling. This surge has been heavily supported by recent legislative and regulatory advancements, most notably the new FinTech Law and the implementation of electronic Know Your Customer (eKYC) applications.
Sallam also outlined key ongoing EGX projects, including the integration of Artificial Intelligence, the digital disclosure initiative utilizing XBRL, and the expansion of smart applications tailored for investors. Additionally, she touched upon the latest developments in the financial derivatives market, affirming that these strategic initiatives significantly elevate market efficiency and promote transparency and disclosure in line with global best practices.
The EGX’s participation in this event aligns with its broader strategy to foster cooperation with regional and international markets, particularly across the African continent. The exchange remains committed to facilitating investor access to the Egyptian capital market while actively exchanging expertise and best practices with global peers.
On the sidelines of the conference, the EGX delegation conducted a series of meetings with officials from the World Federation of Exchanges (WFE). They also held bilateral discussions with capital market representatives and Egyptian businessmen based in Tanzania to explore future cooperation opportunities and strengthen bilateral communication.