The Chief Executive Officer of Nigerian Exchange Group (NGX Group), Mr Oscar Onyema, has said that blended finance can solve many of the challenges facing African countries.
In an interview with CNBC Africa, Onyema, responding to a question on how NGX Group could participate in the mobilisation of financial capital on the continent said that the company, post-demutualisation from the Nigerian Stock Exchange, is focused on leveraging its position to seize opportunities in all aspects of the financing value chain on the continent.
Onyema said, “What we are finding increasingly is exchanges are plugging into the entire financing value chain and the exciting thing for Africa is blended finance where you go from philanthropy, grants, catalytic financing, impact investing, all the way to your traditional capital markets and by blending them together, we can solve the difficult problems that have exacerbated in Africa; like health, education, infrastructure, energy deficiencies amongst others.”
Speaking on the current role and future of NGX Group in Africa, he said the company is investing across the entire capital market value chain and positioning itself as the core infrastructure for facilitating capital raising and efficient deployment to the most crucial needs of the continent.
