By Emmanuel Nduka
The Gambia has in furtherance of the West African Capital Markets Integration (WACMI) Plan, launched the Capital Market of Gambia.
The launch of the capital market infrastructure which was sponsored by the Central Bank of Gambia, encompassed the takeoff of the Gambian Securities & Exchange Commission, the Gambian Stock Exchange and the Gambian Central Securities Depository (CSD).
At the launch which happened recently on September 29, Chartered Institute of Stockbrokers, Nigeria was involved and will provide comprehensive Capacity Building support in Certification and Training for the Securities and Investments professionals that will operate in The Gambian Capital Market.
Gambia’s President, Adama Barrow, was represented by his vice – Momodou Jallow who launched the three capital market institutions. He was supported by the Minister Seedy Keita of the Ministry of Finance and Economic Affairs, and Governor Buah Saidy of the Central Bank of The Gambia.
Also in attendance were the newly appointed Chief Executives of the three capital market institutions, banking institutions executives, members of the diplomatic community and other members of the Nigerian delegation from the Securities and Exchange Commission (SEC), NGX Regulations Ltd (NGX Reg) NASD OTC Plc and the Central Securities Clearing & Settlements Plc (CSCS).
