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04 February 2015
GMEX Group takes a stake in ALTX Africa Group
Filed under: Press Releases
GMEX Group today announced that it has acquired a 25% stake through its GMEX Technologies (GMEX TECH) subsidiary in the Mauritius-based ALTX Africa Group Ltd (ALTX). ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions with other strategic partners with a view to syndicating additional equity stakes to further drive its growth strategy. This acquisition extends the current successful partnership between GMEX TECH, and ALTX. GMEX TECH...
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03 February 2014
ALTX Africa Group to launch first exchange in partnership with GMEX
Filed under: Press Releases
ALT Xchange Ltd (ALTX Uganda) today announced its intention to operate a securities and derivatives market, initially in Uganda, to service the East African region. ALTX Uganda will be a wholly owned subsidiary of the Mauritius-based ALTX Africa Group Ltd, which will be fully incorporated this month. ALTX also intends to develop a pan African footprint, providing a set of additional operating exchanges to facilitate both trading and clearing across the continent. The Board of the Capital...
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