Dhiren Ponnusamy

The Stock Exchange of Mauritius (SEM)'s 35+ years of history since its humble beginning is one where the Exchange has constantly strived to break new grounds to overcome the structural constraints of an island economy where the universe of products, investors and market participants is relatively restricted. Since 1989, SEM has come a long way and its transformational journey and successful positioning as one of the leading Exchanges in Africa, is a quite enticing story. SEM today has a state-of-the-art operating system, trading is effected daily for five-and-a-half hours, the settlement cycle is T+3, the total market capitalisation has crossed the USD 8.5 billion mark, and the internationalisation process is in full swing. We have set up a multi-currency listing, trading and capital-raising platform and modernised our listing framework to list a wide variety of multi-asset class products. Likewise, we have contributed to the democratisation of the economy by allowing 100,000+ Mauritians acquire shares in the flagship local companies, helped companies raise USD 6.5+ billion over time to fund their growth, and create value for the vast majority of issuers that have chosen to list on our platform.