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Berggruen Institute on Governance | Vision for Africa
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padding-top: 15px; "> <div class="columnTitleL">COUNCIL ACTIVITY</div> </div> <div id="activityScroller" style="margin-top: -14px;"> <div class="activityPanel"> <div class="activityDate">23 January 2013</div> <div class="activityHeader">East Africa Exchange (EAX) Announced in Davos</div> <div class="activitySubheader"></div> <div class="activityBodyCopy"><p>Rwandan President Paul Kagame, Nicolas Berggruen, and Jendayi Frazer announced the launch of the East Africa Exchange at a press confference in Davos on January 23.</p> <p> </p> <p> </p> <p><iframe frameborder="0" height="252" scrolling="no" src="https://web.archive.org/web/20130515045122if_/http://new.livestream.com/accounts/1909571/events/1790727/videos/9961533/player?autoPlay=false&height=252&mute=false&width=360" width="360"></iframe></p></div> </div> <div class="activityPanel"> <div class="activityDate">10 September 2012</div> <div class="activityHeader">Africa Exchange Holdings Launches</div> <div class="activitySubheader">A private-sector partnership aimed at unleashing African growth</div> <div class="activityBodyCopy"><p>Berggruen Holdings and the Nicolas Berggruen Institute have partnered with prominent Nigerian investment firm Heirs Holdings, the Tony Elumelu Foundation, and strategic advising and investment company Jendayi Frazer 50 Ventures to form Africa Exchange Holdings (AFEX). AFEX will focus on supporting capital market development by transforming existing commodity and stock exchanges and establishing new entities with the aim of uplifting the African economy. </p><p> Through this process, AFEX aims to add value to the agricultural market and create dynamic new opportunities for businesses to raise capital. </p><p> In order to maximize the effectiveness of its approach, AFEX believes it is important to develop the agricultural and other commodity, equity, and energy markets together, while also supporting ancillary infrastructure such as the warehouse receipts system. In order to achieve economies of scale, this vertical growth should be accompanied by horizontal expansion in the form of a constantly growing local, regional, and eventually pan-African network of exchanges. A pan-African exchange network will benefit all African nations by allowing for the efficient movement of capital across the continent and successful competition on the international stage.</p></div> </div> </div> </td> <!-- //////// COLUMN 3 //////// --> <td class="councilTableCellR"> <div class="columnTitleR">FEATURED MEDIA</div> <div class="featuredMediaContainer"> <div class="fmPub">FInancial News</div> <div class="fmTitle"><a class="featMedLink" style="text-decoration:none; font-size:17px;" target="_blank" href="https://web.archive.org/web/20130515045122/http://www.efinancialnews.com/story/2013-02-11/new-african-exchange-highlights-potential">Africa Puts New Exchange on the Map</a></div> <div class="fmAuthorOnHighlight"> - Suzi Ring</div> <a class="featMedLink" href="/web/20130515045122/http://berggruen.org/councils/vision-for-africa/featured_media">view all</a> </div> </td> </tr> </table> </div><!-- end main --> <div id="footer"> <table id="footerTable" colspacing="0" cellspacing="0" cellpadding="0"> <tr> <td class="footerColumnHead">CURRENT PROJECTS</td> <td class="footerColumnHead footerColumnHeadExtra1">BERGGRUEN ORGANIZATIONS</td> <td class="footerColumnHead footerColumnHeadExtra2">CONTACT INFORMATION</td> <td class="footerColumnHead"></td> </tr> <tr> <td class="footerColumn footerColumnExtra1"> <a href="/web/20130515045122/http://berggruen.org/councils/21st-century-council" class="footerLink">21st Century Council</a> <br/> <a href="/web/20130515045122/http://berggruen.org/councils/the-future-of-europe" class="footerLink">Council for the Future of Europe</a> <br/> <a href="/web/20130515045122/http://berggruen.org/councils/think-long-committee-for-california" class="footerLink">Think Long Committee for California</a> <br/> <a href="/web/20130515045122/http://berggruen.org/councils/vision-for-africa" class="footerLink">Vision for Africa</a> <br/> <br/> <div class="footerColumnHead" style="">OFFICERS</div> <!-- homepageOfficersNamesLink homepageOfficersTitle --> <div class="homepageOfficersTitle">CHAIRMAN</div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/nicolas-berggruen">Nicolas Berggruen</a></div> <div class="homepageOfficersTitle">EXECUTIVE DIRECTOR</div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/dawn-nakagawa">Dawn Nakagawa</a></div> <div class="homepageOfficersTitle">DIRECTOR</div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/tim-shortley">Tim Shortley</a></div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/scott-malcomson">Scott Malcomson</a></div> <div class="homepageOfficersTitle">SENIOR ADVISORS</div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/nathan-gardels">Nathan Gardels</a></div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/jendayi-frazer">Jendayi Frazer</a> <span class="homepageOfficerItal">Africa</span></div> <div class="homepageOfficersNamesBlock"><a class="footerLink" href="/web/20130515045122/http://berggruen.org/people/max-von-bismarck">Max von Bismarck</a> <span class="homepageOfficerItal">Europe</span></div> <br/> <br/> </td> <td class="footerColumn footerColumnExtra2"> <a href="https://web.archive.org/web/20130515045122/http://berggruenholdings.com/" class="footerLink">Holdings</a><br/> <a href="/web/20130515045122/http://berggruen.org/" class="footerLink">Institute on Governance</a><br/> <a href="https://web.archive.org/web/20130515045122/http://nicolasberggruentrust.com/" class="footerLink">Charitable Trust</a><br/> <a 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