Egyptian exchange completes procedures for African Exchanges Linkage Project

EGX completes procedures for electronic linkage between African exchanges: The Egyptian exchange has completed the necessary procedures to activate the African Exchanges Linkage Project (AELP), EGX Chairman Mohamed Farid said on Thursday, according to a bourse statement (pdf). The EGX is currently in talks with brokerage firms to brief them on the initiative and the steps needed for their participation, Farid told a delegation from the African Development Bank. The AELP, which the EGX joined last month, is meant to simplify and increase intra-African investment.