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Its functions include the exchange of information and assistance in the development of member exchanges. [1] [2] As of 2022, there were 30 exchanges in Africa, representing 39 nations' capital markets. At that time, ASEA had 26 Full Members and 6 Associate Members. [3]
ASEA members are indicated below by an asterisk (*). The Egyptian Exchange (EGX), founded in 1883, is the oldest stock exchange in Africa . One of the oldest bourses (exchanges) on the continent is the Casablanca Stock Exchange of Morocco , founded in 1929 and the JSE Limited in 1887 and Nairobi Securities Exchange in Kenya founded in1954.
ASEA is based on technology developed and patented by Medical Discoveries, Inc, a publicly traded company (MLSC). [citation needed] MDI went up for sale in 2007, and board member Verdis Norton secured investment to purchase the technology. Under the company name of ASEA, they began selling the product in 2009 with an official launch in 2010.
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