DEVELOPMENT: Wesgro In New Alliance
Recent Western Cape Business News
The Global Board of Trade (GBOT), the first multi-asset exchange from Mauritius,has entered into a strategic alliance with Wesgro, the official Investment and Trade Promotion Agency for Western Cape, South Africa. Through the alliance, GBOT endeavours to make its state-of-the-art financial market platform available to the members and affiliates of Wesgro to enable them to mitigate their risks and access the emerging markets of the world. It also aims to facilitate knowledge and create awareness on the financial market risk mitigation techniques for the benefit of the members of Wesgro and of market participants from the Western Cape region.
Commenting on the development, Joseph Bosco, MD and CEO of GBOT said,” At GBOT, we aim to contribute as much as we can to the development of the financial markets of Africa. The alliance with Wesgro will open the doors for the finance and investment community of South Africa, one of the fastest growing economies of the world, to exchange ideas, interact at a strategic level, learn about the latest in the arena of global financial markets and risk mitigation, enhance business ties and partake in the growth of emerging economies through the state-of-the-art infrastructure and knowledge initiatives offered by GBOT. As the exchange grows, GBOT will continue to develop more Africa centric products and asset classes, which will be of great significance to the trading and investing community affiliated to Wesgro. It will also enable them to enhance their presence in the emerging markets of Asia, Middle East, India and South-East Asia through the network that GBOT and its parent company, Financial Technologies, India, have established due to its prominent presence in the abovementioned regions over the years.”
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