Qatar Exchange Eyes Expanding Cooperation with African Market

Qatar Stock Exchange is planning to expand relations and cooperation with African markets, especially with the fastest growing countries, CEO Rashid Al Mansouri has revealed. 
In statements to Qatari daily (Al-Sharq) published Monday, CEO of Qatar Stock Exchange Rashid Al Mansouri said that Qatar Stock Exchange will tour a number of African countries during the coming period to sign memorandums of understanding. 
He referred in this regard to the memorandum of understanding signed recently with Kenya's Capital Markets Authority and Nairobi Securities Exchange (NSE), noting that more delegations from African Capital Markets and Stock Exchanges will visit Qatar in the coming period in the context of the exchange of visits. 
Al Mansouri underlined that the move towards Africa comes within the pivotal role of Qatar Exchange as a key partner in advancing sustainable development, diversifying sources and investments, supporting the competitiveness of the national economy and realizing Qatar National Vision 2030, stressing the influential role of Qatar Exchange in the region and the world as the second largest market in the region. 
He said that Qatar Exchange has become an important attraction for many international and African capital markets and for investors are who looking to diversify their portfolios. 
He said that Qatar exchange will showcase its pioneering experience in the capital market and the stock market, and will discuss the economic diversification and investment opportunities in the Qatari market. 
Al Mansouri mentioned the big achievements of Qatar Exchange despite the impact of many external factors such as the impacts of the declining oil prices on all global and Gulf stock markets. 
He added that Africa has become of a global focus as a promising and secure market with huge investment opportunities in various fields. The countries are witnessing rapid economic growth, making them ideal partners.

Source: QNA