Financial Securities Exchange (FINSEC) chief executive officer Collen Tapfumaneyi has been re-elected chairperson of the Committee of SADC Stock Exchanges (CoSSE) for a second two-year term ending in June 2028.
His re-election was confirmed at CoSSE’s 68th Bi-Annual Meeting held in Flic en Flac, Mauritius, from May 14 to 15, where regional stock exchange leaders, regulators and financial sector stakeholders discussed capital market development and regional integration.
Tapfumaneyi’s reappointment comes as CoSSE steps up efforts to deepen financial integration, improve market connectivity and attract investment into Southern African economies.
Speaking after his re-election, Tapfumaneyi said he was honoured by the confidence shown in him by member exchanges and pledged to continue advancing the organisation’s mandate.
“I am deeply honoured and humbled by the confidence and trust placed in me by members through my re-election as chairperson of CoSSE. This re-election is essentially a collective mandate for us to continue advancing the important work of strengthening SADC capital markets, accelerating interconnectivity, promoting financial inclusion, innovation, sustainable finance and positioning our region as a globally competitive investment destination,” he said.
His re-election is expected to provide continuity as SADC countries seek to strengthen domestic capital markets and mobilise long-term investment for economic growth.
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The meeting focused on key regional issues, including the SADC Interconnectivity Project, sustainable finance, regulatory harmonisation and greater cooperation among financial institutions.
CoSSE also engaged other regional financial sector bodies, including the Committee of Central Bank Governors (CCBG) and the Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA).
In a statement issued after the meeting, members stressed the need to move from policy formulation to implementation of regional financial integration initiatives. Priorities identified included developing secondary bond markets, strengthening environmental, social and governance (ESG) frameworks and addressing implementation gaps among member states.
Members also reviewed governance and leadership matters aimed at enhancing the organisation’s strategic direction and effectiveness.
Meanwhile, Pedro Frederico Cossa, chief executive officer of the Mozambique Stock Exchange (BVM), was elected CoSSE vice-chairperson for the same term.
Established in 1997, CoSSE is a regional association of securities exchanges within the Southern African Development Community (SADC). The body promotes cooperation among member exchanges, works to harmonise regulations, improve market efficiency and facilitate cross-border investment.
CoSSE has also spearheaded initiatives to integrate Southern Africa’s capital markets through electronic exchange linkages, improved liquidity and broader access to investment opportunities across the region.