Established just over a year ago, the African Advocacy Council (AAC) is a local society-led council made up of volunteers and board members representing each of the local societies in Africa.

In collaboration with CFA Institute, the AAC has published its first piece of policy research; ‘What’s Yours is Mine and What’s Mine is Mine’, which reviews non-compliant related party transactions on the Lusaka Stock Exchange.

CFA Society^® Community in Africa Collaborates to Publish Topical Policy Paper

The AAC is tasked with establishing a professional connection between global CFA Institute strategic priorities and regional African capital markets policy developments. The research was authored by two local volunteers in Zambia, Sumeet Jain and Godfrey Mwanza, CFA, and focuses on capital markets resilience and investor protection.

The aim is to develop the AAC into an advisory forum that will attract potential authors and research affiliates across Africa to support global CFA Institute objectives and priorities on capital markets policy matters, approached through a regional lens.

As a collective group, the AAC has designed a process to review potential research pieces for any future projects. CFA Institute is also working on further integrating AAC work within CFA Institute operational governance to facilitate coordination on research initiatives.

To complement the release of the research, CFA Institute will be hosting a webinar in collaboration with the India office where similar research has been conducted. Work such as this, addressing emerging market issues, can convene regions and create bridges around common topics of importance at a regional level, while fully aligning with the CFA Institute strategic priorities.