FT’s Mauritius exchange launched
The bourse is intended to be a gateway for US and European market participants to African and Asian markets. Its island base, the tiny Indian Ocean state of Mauritius, has a population of just 1.3m. Its capital Port Louis, given a high human development index rating, will now form a second regional home for FT Group.
“GBOT will create an ideal risk mitigation platform to cater to increasing levels of business activity and revolutionise the financial markets landscape of Africa,” Jignesh Shah, FT Group head and GBOT's vice-chairman, said in a statement.
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