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Initially Ifriquia, giving its name to Africa, Tunisia has a civilization of more than 3,000 years, a land of encounters, made possible by its unprecedented geographical positioning, just in the center between the east and the west and between the south and the north.
This diversity and ancestral wealth have made it possible to sculpt an emancipated, modern, open demography, and full of potential, capable of neutralizing the small size of the country, its relatively weak market, or the lack of abundance of natural resources.
It is with great pleasure that we welcome you to our magnificent Tunisia, in full transformation, the AFCM 2025 annual conference.
We will debate during this prestigious event current topics, which particularly concern our capital markets, such as AI, sustainable development, Africa, data management, CSDs and many more other issues that will shape our common future.
The AFCM 2025 annual conference is still a meeting point for the major players in our industry, and a place for sharing, reflection and collaboration, where our diversity will nourish our exchanges.
We look forward to sharing these moments of collective reflection and wish you an enriching and inspiring conference experience.
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It is with great pleasure and anticipation that we announce the upcoming Annual Conference of the Arab Federation of Capital Markets (AFCM), which will be held in Tunis, on the 13th and 14th of May 2025.
This year's event, hosted by Tunis Stock Exchange (TSE), promises to be a landmark gathering for financial professionals, policymakers, and thought leaders from across the Arab world and beyond. The AFCM Annual Conference has long been a pivotal platform for discussing the most pressing topics on today’s agenda that shape the future of capital markets in the Arab region and globally. As we continue to navigate an era of transformation, we are confident that the dialogue and collaboration generated at this event will contribute to the continued growth and resilience of our financial markets.
The city of Tunis, with its rich history and strategic location, provides the ideal backdrop for this important event. We are grateful to Tunis Stock Exchange for their collaboration and look forward to welcoming you to what will undoubtedly be a memorable and impactful conference.
I encourage you to save the date and join us in shaping the future of Arab capital markets, and we are excited to have your participation in what promises to be a truly exceptional event.
It is with great enthusiasm that I announce ASEA's collaboration with the Arab Federation of Capital Markets (AFCM) and Tunis Stock Exchange (TSE) for a significant milestone in financial market development.
This year, the AFCM Annual Conference will coincide with the 12th edition of ASEA’s Building African Financial Markets (BAFM) seminar, to be held in the vibrant and historic city of Tunis, scheduled to take place on the 13th and 14th of May 2025. This dual event promises to deliver unparalleled insights, opportunities for collaboration, and actionable strategies for advancing capital markets across Africa and the Arab region.
BAFM has firmly established itself as ASEA's flagship event for capacity building, fostering innovation, and driving the integration of African financial markets. This year’s seminar will continue its tradition of equipping participants with the tools to navigate an evolving financial landscape while emphasizing the role of robust financial ecosystems in Africa’s economic development.
I warmly encourage all ASEA members, stakeholders, and enthusiasts of African capital markets to attend this landmark gathering. It is a unique opportunity to network, share knowledge, and collectively shape the future of our financial systems.
Allow me to take a moment to commend the magnificent city of Tunis, a city renowned for its rich history, vibrant culture, and welcoming spirit. Tunis promises to be the perfect backdrop for thought-provoking discussions and meaningful exchanges.
I look forward to seeing many of you there as we champion our shared vision for thriving, interconnected capital markets across our regions.
Reshaping the future of capital markets in
The Annual Conference of the Arab Federation of Capital Markets (AFCM) has become a cornerstone event in the financial calendar, and stands as a premier gathering for thought leaders, policymakers, financial professionals, and key stakeholders from across the Arab region and international markets.
In fact, the conference aims at bringing together key players in the financial industry such as stock exchanges, clearing houses (CSDs/CCPs), brokerage firms, asset management firms, governmental institutions, central banks, investment banks, regulatory institutions, global & regional federations to promote regional integration, and enhancing the role of capital markets as a driver of economic growth and diversification.
This year, the AFCM Annual Conference will be hosted by Tunis Stock Exchange (TSE) on the 13th and 14th of May 2025, to provide a vital platform for discussing the latest trends, challenges, and opportunities in the regional and global capital markets. This conference will explore pressing topics such as market modernization, the rise of sustainable finance, the role of technology in capital markets, and strategies for boosting regional integration and liquidity, among other topics.
By fostering dialogue between regulators, investors, and market participants, AFCM annual conference plays a crucial role in shaping the future of financial markets in the Arab world. It serves as a key venue for networking, knowledge exchange, and collaboration, empowering the region’s capital markets to innovate, grow, and adapt to an ever-evolving global economic landscape. The AFCM Annual Conference continues to be an indispensable event that underscores the significance of capital markets in driving economic development and financial stability across the Arab world.
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The Arab Federation of Capital Markets is the industry association in the region. It serves as a guiding body for best practices in the area.
AFCM was established in June 1978, under the recommendation of the Arab Central Banks Conference, held under the auspices of the General Secretariat of the League of Arab States in the Hashemite Kingdom of Jordan. The headquarters of the Arab Federation of Capital Markets is located in Beirut, Lebanon.
The AFCM is the Arab industry group for 18 exchanges, 8 clearing houses (CSDs/CCPs), and multiple affiliate members (financial institutions, brokerage firms and local industry associations) from all around the Arab region (GCC, Levant and Arab African countries). The Federation was set up to contribute to the development of regulations and promoting harmonized and proactive legislations, and exchanging viewpoints and providing opportunities for cooperation among members.
Created on 1969, Tunis Stock Exchange, as a market, ensures the liquidity of the securities held by the investors. This liquidity provides the issuers with funds necessary to their investments by calling for public shareholding. For this purpose, the Stock Exchange constitutes one of the major sources of financing the economy.
As a central actor of the Stock Market, Tunis Stock Exchange is in charge of managing the Tunisian market of transferrable securities. It organizes the trading and the pricing of securities under the best conditions of fairness, safety and transparency. It also ensures the admission of new securities to the Stock Exchange official list, the organization the dissemination of market information, the promotion and the development of the exchange market. It operates under a legal and regulatory framework in line with international standards, deploys advanced trading techniques to provide efficiency and security as well as a transparent clearing and settlement system to ensure the proper execution of market transactions.
Tunis Stock Exchange official list is reserved for the negotiation of securities that meet the admission requirements provided for by the Stock Exchange regulations. It includes the Principal Market reserved for the large and high performance companies, the Alternative Market for small and medium-sized companies with promising prospects, the Bond Market for debt securities and the OTC market for securities of pubic shareholding companies not admitted to the Stock Exchange official list.
The policy adopted by the stock exchange, in terms of transparency, security, integrity, and fairness between all stakeholders, was crowned by a triple certification:
- ISO 27001 for IT security
- ISO 20000 for quality of services
- ISO 22301 for business continuity
Without forgetting, of course; constant and unfailing commitment to sustainable development, making the stock market a powerhouse in this area by implementing the country's first ESG reporting guide.
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The African Securities Exchanges Association is the Premier Association of Securities Exchanges in Africa, that have come together with the aim of developing Member Exchanges, promoting capital market business and providing a platform for networking.
The Association was established in 1993, and works closely with Member Exchanges to unlock the potential of the African Capital Markets and the African economies.
Building on the success of Euromoney’s industry-leading Awards for Excellence programme, Euromoney is pleased to launch the Capital Markets Awards in association with the Arab Federation of Capital Markets (AFCM), celebrating excellence in the industry and recognizing outstanding achievements.
Laurie McAughtry, head of capital markets at Euromoney, says: “We are building on the success of the industry-leading Awards for Excellence programme, which recognises the top performers in global banking across financial services. The Capital Markets Awards (CMA) initiative extends this prestigious recognition to a new range of market participants.”
Rami El-Dokany, secretary general at AFCM, adds: “We are delighted to partner with Euromoney and look forward to recognizing those market players both within our region and worldwide who exert such great efforts to enhance their markets. We encourage all participants to enter these prestigious awards and to showcase their achievements on a global scale.”
09:00 - 09:30Opening Ceremony
09:30 - 10:15Panel 1: Future of Business: Spotlight on Tunisia
10:15 - 10:30Coffee Break
10:30 - 11:15Carbon Credits Auction
11:15 - 11:30Break
11:30 - 12:00Think Tank Panel: Carbon Markets: The Need for Cross-Border Collaboration to Drive Climate Action
12:00 - 12:45Panel 2: Accelerating Climate Action: Assessing The Progress of Race to Zero Signatories
12:45 - 13:00UNSSE Initiative
13:00 - 13:15Coffee Break
13:15 - 14:00Panel 3: Unlocking Potential: The Future of Listings in the Region in 2025
14:00 - 14:15Presentation
14:15 - 15:00Panel 4: The Future of Retail Trading Platforms: Innovations and Challenges
15:00Lunch
18:30Gala Dinner
09:45 - 10:00Fireside Chat
10:00 - 10:45Panel 5: Derivatives’ Market Role in Boosting Regional Capital Markets
10:45 - 11:30Panel 6: CSDs and Their Role in Facilitating Cross-Border Investment Flows
11:30 - 12:00Coffee Break
12:00 - 12:45Panel 7: Access to Capital: Bridging the Gap for Startups and SMEs
12:45 - 13:00Presentation
13:00 - 13:15Presentation
13:15 - 14:00Panel 8: Data Governance: Addressing Quality, Integrity, and Security Challenges
14:00 - 14:15Closing Ceremony
14:15Lunch
Join us for an exclusive training course on "How to Build and Manage an ETF" hosted by the Arab Federation of Capital Markets (AFCM) in collaboration with Euromoney Learning!
We are honored to welcome Mr. Bassam Azab as the trainer for our upcoming session.
Date: May 12, 2025
Time: 9:00 AM (Tunisia Time)
Location: Bourse De Tunis
Free Training with an international certificate upon completion!
Register now: https://forms.gle/
To discuss your free participation, please contact our Training Solutions Experts Elias Geagea at Elias.geagea@arab-exchanges.org
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For visa purposes we recommend that you apply as soon as possible since visas can take time to process. Should you require an invitation letter addressed to your name, please do not hesitate to contact Hussein El Kabbout: hussein.kabbout@arab-exchanges.org
Accommodation and Hotels:
1. Verdi Tunis Beach Resort
2. Mövenpick Hotel Gammarth
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