Fintech SecondSTAX partners Nigerian Exchange Limited to drive institutional investment

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Nigeria’s SecondSTAX, a tech company that is building solutions to enhance intra-Africa capital and investment flows, has announced a partnership with the Nigerian Exchange Limited (NGX) that will enable institutional investors from across Africa to directly invest into Nigeria’s capital markets.

Founded in 2020 by Eugene Tawiah and Duke Lartey, SecondSTAX aims to enhance investment flows into and within African capital markets by making it easier to connect investors with high-growth, high-impact investment opportunities. The startup provides access to debt and equity securities across multiple African bond and stock exchanges.

The new partnership with NGX was established in close collaboration with Afrinvest (West Africa) Limited, a leading capital market holding company in Nigeria active in six principal areas – investment banking, securities trading, asset management, trustee, consulting and financial technology. 

This joint effort will make it easier for licensed broker-dealers, asset managers, large commercial banks and other institutional investors from across the continent to invest in Nigeria’s premier exchange via SecondSTAX’s transparent, easy-to-use, cloud-based portal. Investors will also be able to invest in their native currencies, making a wider range of assets and opportunities available to more Africans and creating an efficient route to increased wealth on the continent.

“Our aim is to integrate all the capital markets across Africa to enable more seamless investment flows and this partnership with the Nigerian Exchange Limited represents a major milestone on our journey. Nigeria’s capital markets are full of lucrative opportunities that have until now been out of reach to institutional investors outside the country,” said Eugene Tawiah, CEO and co-founder of SecondSTAX. 

“At the same time, Nigeria’s institutional investors have largely found it challenging to invest into other capital markets across the continent. This partnership addresses both problems and we are excited to see how investors take advantage of the opportunities that abound across the continent.”

SecondSTAX already has partnerships with the Nairobi Securities Exchange (NSE) and the Ghana Stock Exchange (GSE), driving investment into these exchanges from across the continent. 

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