There have been initiatives to integrate African capital markets and one of these is the Regional exchange, the Bourse Régionale des Valeurs Mobilières (BVRM). In SADC, a number of initiatives have been launched to create a FMI by 2018 on the assumption that there will be monetary convergence and a SADC Central Bank by that date.
There are parallel, if not overlapping, programs and projects at the level of COMESA, AACB – the Association of African Central Banks –, and the African Union.