The Egyptian Exchange (EGX) Signs âMarrakech Pledgesâ To Promote Green Markets In Africa

Within the framework of the Egyptian Exchange's contribution to support sustainability in the securities markets internationally and regionally, Dr. Mohammed Omran, EGX Chairman signed "Marrakech pledge to promote green capital markets in Africa". This is within the Parties Conference for climate change COP22 that was held in Marrakech, Morocco, from 7 to 18 November 2016. The pledges were signed by a number of stock exchanges, including the Casablanca Stock Exchange, Tunis Stock Exchange, and Nigeria Stock Exchange. Also, a number of Supervisory authorities of the capital markets, also signed the pledge including the Egyptian Financial Supervisory Authority (EFSA) and Morocco's capital market.

The Egyptian Exchange signature on pledges of Marrakech and sharing in the conference come to enforce the efforts in its contribution to the preparations for the conference during July. It is also a commitment to the promotion of green finance in the African capital markets, which comes under the title "open capital markets in countries of the South towards climate change."