AELP Phase 2 Update and Expansion of Broker Participation

Date: 28 May 2025

The African Securities Exchanges Association (ASEA) is pleased to announce continued progress under African Exchanges Linkage Project (AELP) Phase 2, with the onboarding of four additional African stock exchanges (Botswana, Ghana, Uganda and Eswatini) currently underway. Upon completion, the AELP Link trading platform will connect 11 exchanges across 18 countries, providing access to over 1,000 listed securities and a network of more than 100 licensed stockbrokers. 

Supported by the African Development Bank (AfDB) and implemented by ASEA, the AELP enables cross-border trading through a unified digital infrastructure offering real-time market data, analytics, and order routing capabilities.

Expanded Broker Access

To support increased participation and cross-border trading activity, the AELP Steering Committee has lifted the cap on broker participation per exchange. Going forward, all licensed stockbrokers on participating exchanges may access aggregated data and trade on the AELP Link, provided they:

1.	Execute bilateral counterparty agreements with other participating brokers; and
2.	Demonstrate active trading on the platform.

Access will be renewable annually, subject to continued compliance.
 
Inclusion of International Brokers
The AELP Commercial Committee has also approved the participation of international stockbrokers that have existing or prospective relationships with at least one African broker in the participating exchanges and are interested in investing in African capital markets.
 
Next Steps
All interested brokers are encouraged to engage the Exchange coordinators and initiate the onboarding process. 
Kindly send an email to  mregstaff@ngxgroup.com or marketcontrol@ngxgroup.com