Sunday March 26th, 2023
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Egypt’s Administrative Control Authority Named Africa's Most Innovative Capital Market Regulator

A ceremony was held at Nasdaq Stock Market in New York to award Egypt's Administrative Control Authority with the title.

Staff Writer

Egypt’s primary anti-corruption body, Administrative Control Authority, has been named the Most Innovative Capital Market Regulator in Africa, according to Egypt Today.

The award, granted by Africa Investor, was welcomed by the authority’s chairman Mohamed Omran, who spoke of his appreciation for all bodies concerned with the Egyptian financial market for their positive interaction with the Administrative Control Authority.

The title was announced in a ceremony held at Nasdaq Stock Market in New York, where the Egyptian regulator beat 10 African agencies for the title.

Omran hailed recent amends made to the capital market law; in March, president Abdel Fattah al-Sisi made the “largest and most comprehensive amends since the law was passed 26 years ago”, according to Investment Minister Sahar Nasr. She added that the amended capital market law aims to encourage investment and offer financing opportunities for public and private projects.

Main Photo: Nasdaq