The Stock Exchange of Mauritius (SEM) has won for the third time in five years, the “Most Innovative African Stock Exchange of the year Award” at the Institutional Investment Capital Market Awards 2015.
The Award, organised by Africa investor (Ai), a leading international research and communication group, was presented to the SEM at Thomson Reuters in New York on 25th September 2015.
The Ai Institutional Investment Summit and Capital Markets Index Series Awards is now firmly established as a calendar event and platform to profile African Capital Markets opportunities and success stories to the international investment community. The Ai Index Series Awardsaims at rewarding different categories of players within the capital markets sphere, including stock exchanges, socially responsible companies, regulators, listed companies, investment banks, stockbroking companies, research teams and fund managers.
The Award in the “Most Innovative African Stock Exchange” category was given on the basis of a number of criteria, including, amongst others, initiatives implemented by the Exchange to embrace new areas of development, programmes in place to enhance the services it provides to its key stakeholders and compliance of the Exchange’s regulatory and operational set-up with international standards.
Commenting on the Award received by the SEM, Sunil Benimadhu, Chief Executive of the SEM said: “This Award for the third time in five years, comes as a recognition of the numerous initiatives taken recently by the SEM to scale up its activities and move up the value-chain of products and services it offers. In spite of a very difficult market environment, the SEM has been relentlessly pursuing an internationalisation strategy during the past few years aimed at setting the stage for the Exchange to emerge as a regional reference.
It’s all about striving for new ideas and embracing new initiatives on a permanent basis. I would like to dedicate this Award to the SEM staff, the SEM Board, the CDS staff and many other capital market stakeholders who
have all contributed to the SEM’s development in recent years. These stakeholders include, amongst others, Listing Committee members, stockbrokers, fund managers, listed issuers, investors, the FSC and the Ministry of Financial Services.” The other nominees in the “Most Innovative African Stock Exchange” category were Johannesburg Stock Exchange, Nigerian Stock Exchange, Nairobi Securities Exchange, BRVM, Rwanda Stock Exchange, Egyptian Stock Exchange and Bourse de Tunis.
