Online Reporter
Tawanda Musarurwa
Business Reporter
FINANCIAL Securities Exchange (FINSEC) chief executive officer Mr Collen Tapfumaneyi has been unanimously re-elected chairperson of the Committee of SADC Stock Exchanges (CoSSE), with the regional body tasking him to drive faster integration, financial inclusion, and innovation across Southern Africa’s capital markets through June 2028.
The re-election was confirmed at CoSSE’s 68th Bi-Annual Meeting held from May 14 to 15, 2026, in Flic en Flac, Mauritius, and hosted by the Stock Exchange of Mauritius.
In a statement, CoSSE said members endorsed Mr Tapfumaneyi, in accordance with the CoSSE Charter.
Mr Pedro Frederico Cossa, CEO of Bolsa De Valores De Mocambique (BVM), was elected the new CoSSE vice-chairperson at the same meeting.
Commenting on his re-election, Mr Tapfumaneyi said: “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.”
CoSSE comprises 14 stock exchanges operating in 13 SADC member states, including the Johannesburg Stock Exchange, Botswana Stock Exchange, Lusaka Securities Exchange, Zimbabwe Stock Exchange, and Stock Exchange of Mauritius.
The committee coordinates harmonisation of regulations, electronic linkage of trading systems, and development of cross-border investment products.
Under his continued leadership, CoSSE remains committed to fostering stronger stakeholder engagement, enhancing market efficiency, and supporting initiatives that promote sustainable growth within the capital markets sector.
The Mauritius meeting came at a pivotal time for regional exchange development. Delegates focused on the SADC Interconnectivity Project, which aims to link member exchanges electronically for seamless trading and settlement.
Other priorities agreed include developing secondary bond markets to unlock long-term financing, enhancing ESG reporting standards to attract global capital, and closing country-level implementation gaps that slow regional alignment.
Strategic discussions were also held with the Committee of Central Bank Governors and the Committee of Insurance, Securities and Non-Banking Financial Authorities.
Both bodies emphasised a shift “from policy to implementation”, urging exchanges to align rules and systems to reduce costs for investors and issuers.
The meeting also marked the farewell of Mr Sunil Benimadhu, CEO of the Stock Exchange of Mauritius and past CoSSE chairman, who was formally recognised for his outstanding contribution to regional and continental capital market development ahead of his retirement.
CoSSE congratulated Mr Tapfumaneyi on his re-election and said it looked forward to his continued stewardship and guidance as the region pushes to make Sadc markets more competitive, transparent and attractive for both regional and international investors.
