2025 AFM Annual Conference

AFM and NSE are taking back AFM members and partners to the Africancontinent. The Nairobi Securities Exchange is hosting the 27th Annual Conference in Nairobi on February 13-14. As a tradition, the Conference brings together exchanges, clearing houses, consultants, IT vendors and other stakeholders from around the globe.

Conference topics include:

Advancing Africa’s commodity and derivatives markets
Green and sustainable derivatives
Navigating global volatility
Technology innovation in trading and clearing
Enhancing market participation
Regulatory perspectives and market development
Cross market collaboration
The rise of smileycoin

Agenda
Speakers
Sponsors
Venue
Media

Agenda

DAY 1: THURSDAY, FEBRUARY 13, 2025

09:00 - 09:20Welcoming Remarks
- Mr. Frank Mwiti, CEO, NSE
- Mr. Wyckliffe Shamiah, CEO, Capital Markets Authority of Kenya
- Mr. Kiprono Kittony, EBS – Chairman, NSE, Kenya
- Mr. Pat Kenny, AFM Chairman
09:20 - 09:40Introducing Options on Futures Contracts to the NEXT Derivatives Market
- Official Ceremony
09:40 - 10:30Panel 1: Advancing Africa’s commodities and derivatives markets
Moderator: Mr. Chris Sturgess, AFM President

Panelists:
- Mr. Justus Ogalo, Derivatives Manager, NSE
- Mr. Adam Gross, Director, Darhei Noam Ltd, UK
- Mr. Pierre Celestin Rwabukumba, CEO, Rwanda Stock Exchange & President, ASEA
- Mr. Odenda Kidenda, Acting CEO, KOMEX
- Mr. Ayodeji Balogun, Group Chief Executive Officer, AFEX Africa
10:30 - 11:00Coffee break and Group Photo
11:00 - 11:45Panel2: Green and sustainable derivatives
Moderator: Mr. Steve Zwick, Director of Content, Bionic Planet

Panelists:
- Ms. Anelisa Matutu, Head of Commodities, JSE
- Ms. Mbithe Muema, Business Development Leader, NSE
- Mr. Hirander Misra, Chairman & CEO, GMEX Group and ZERO13
- Mary Njuguna, Principal Specialist, Capital Markets, FSD Africa
11:45 – 12:30Panel 3: Navigating global volatility
Moderator: Magnus Almqvist, Acting CEO, Exberry

Panelists:
- Mr. Ayodeji Balogun, Group Chief Executive Officer, AFEX Africa
- Mr. Titus Marenye, Senior Trader, Derivatives & Interest Rates, AIB-Axys Africa
- Mr. Augustine Misoka, Head Executions, SBG Securities
- Dr. Bharat Kulkarni, Founding Director, Stalwart Management Consulting
12:30 – 12:45Keynote Presentation
- Mr. Shriram K. H., Senior Vice President, Chella Software
12:45 – 14:00Lunch Break
2021Presentation
How crypto educates the new generation:
The rise of smileycoin in Nairobi and beyond
- Mr. Gunnar Stefansson, Smileycoin
14:30 – 15:30Panel 4: Technology innovation in trading and clearing
Moderator: Mr. Hirander Misra, Chairman & CEO, GMEX Group and ZERO13

Panelists:
- Mr. Zack Hodgson, STT
- Mr. Daniel Davis, Connamara Technology
- Mr. James Hendrikx, Avenir Technology
- Mr. Tshivhidzo Makungo, Head of Engineering, JSE
- Mr. Anthony Muema, Head of Technology, NSE
15:30 – 16:00Coffee break
16:00 – 17:00AFM General Assembly (for members only!)

DAY 2: FRIDAY, FEBRUARY 14, 2025

09:00 – 09:20Keynote Presentation
- Patrik L. Young, Chairman, Revolution Market Capital
09:20 – 10:10Panel 5: Enhancing market participation
Moderator:Ms. Michele Carlsson, Managing Director, NASDAQ

Panelists:
- Mr. Jacob Mwale, Executive Director, ZAMACE
- Mr. Chien-Lung Chou, CEO, TAIFEX
- Mr. Justus Ogalo, Derivatives Manager, NSE
- Mr. Gitau Macharia, Safaricom
- Mr. Shriram K. H., Senior Vice President, Chella Software
10:10 – 10:40Presentation: What is behind the coffee specs
- Raphaël Prime, Founder, The East African School of Coffee
10:40 - 11:10Coffee break
11:10 – 12:00Panel 6: Regulatory perspectives and market development
Moderator: Mr. Gerald Makau Masila, Executive Director, Eastern Africa Grain Council

Panelists:
- Mr. Wathingira Gituro, Partner, Bowmans Law LLP
- Mr. Thapelo Tsheole, CEO, Capital Market Authority, Rwanda
- Mr. M Shaifur Rahman Mazumdar, MD, Chittangong Stock Exchange
- Mr. Wyckliffe Shamiah, CEO, Capital Markets Authority of Kenya
12:00 – 12:45Panel 7: Cross-market collaboration
Moderator: Mr. Kristian Schach-Möller, CEO, ACE

Panelists:
- Mr. Collen Tapfumaneyi, CEO, Zimbabwe Mercantile Exchange
- Ms. Lina Tonui, Project Manager, African Exchange Linkage Project
- Dr. Bharat Kulkarni, Founding Director, Stalwart Management Consulting
- Ms. Anelisa Matutu, Head of Commodities, JSE
12:45 – 12:50Invitation to 2026 AFM Annual Conference
- Mr. Chien-Lung Chou, CEO, TAIFEX
12:50 – 13:00Concluding Remarks
- Frank Mwiti, CEO, NSE
13:00 – 14:00Lunch break
14:15 – 17:30Visit to https://www.giraffecentre.org/

Speakers

Pat Kenny
Senior Vice President of client relations for CQG, AFM Chairman

Chris Sturgess
President of the Association of Futures Markets

Frank Mwiti
CEO, Nairobi Securities Exchange

Patrick Young
Founder, Exchange Invest

Anelisa Matutu
Head, Commodity and Capital Markets, JSE

Ayodeji Balogun
Group Chief Executive Officer AFEX

Stuart Turner
Chairman, Avenir Technology Ltd.

Magnus Almqvist
Head of Sales, Exberry

Jacob Mwale
Executive Director
ZAMACE Ltd.

Thapelo Tsheole
CEO
Capital Market Authority of Rwanda

Dan Davis
Head of Growth
Connamara Technologies

Hirander Misra
Co-Founder and Chairman
GMEX Group

Collen Tapfumaneyi
Chief Executive Officer
Zimbabwe Mercantile Exchange

Steve Zwick
Director of Content
Bionic Planet

Adam Gross
Director, Darhei Noam Ltd

Gunnar Stefansson
Smileycoin

Anelisa Matutu
Head Commodities, JSE

Stuart Turner
Chairman
Avenir Technology

Chien-Lung Chou
CEO, TAIFEX

James Hendrikx
Avenir Technology

Tshivhidzo Makungo
Head of Engineering, JSE

K.H. Shriram
Senior Vice President, Chella Software

Subbiah Rajagopal
Senior Vice President
Chella Software

Ms. Lina Tonui
Project Manager
African Exchanges Linkage Project

Mr. Kiprono Kittony
EBS – Chairman, NSE

Justus Ogalo
Derivatives Manager, NSE

Zack Hodgson
Director
Securities and Trading Technology

Mr. Pierre Celestin Rwabukumba
CEO, Rwanda Stock Exchange & President, ASEA

Ms. Mbithe Muema
Business Development Leader, NSE

Mr. Wathingira Gituro
Partner, Bowmans Law LLP

Mr. Augustine Misoka
Head Executions
SBG Securities

Mr. Wyckliffe Shamiah
Capital Markets Authority of Kenya

Mr. Titus Marenye
Senior Trader
AIB Axys Africa

Mr. Gitau Macharia
Safaricom

Mr. Gerald Makau Masila
Executive Director
Eastern Africa Grain Council

Ms. Michelle Carlsson
Managing Director
NASDAQ Middle East and Africa

Mary Njuguna
Principal Specialist
Capital Markets, FSD Africa

Chella Software
The Financial Markets Specialist

Chella Software is a global provider of highly reliable products and solutions for exchanges, clearing corporations, brokerages and central banks. We specialise in high volume, low latency solutions for risk management, collateral management, surveillance and clearing & settlement systems. Our post trade solutions process a significant share of the global volumes of exchange traded derivatives. We have a proven track record of delivering projects of national importance in short time frames.

Our deep understanding of the financial markets, our technical expertise and the ease of doing business with us, make us the preferred partner for leading exchanges, clearing corporations and market intermediaries in 12 countries across India, Middle East and Africa. https://www.chelsoft.com/

TAIFEX

Taiwan Futures Exchange (TAIFEX), established in 1997, provides a wide range of futures and options products in equity indices, equities, FX and commodities. TAIFEX has continuously enhanced its technology and services in trading, clearing and settlement to ensure a fair and orderly marketplace. With a vision to be a world-class exchange befitting the fast-evolving marketplace, TAIFEX is poised to extend its global reach and stands as a primary derivatives exchange in Asia. For further details, please visit TAIFEX website at www.taifex.com.tw.

STT

STT is a trusted, leading provider of financial market software and solutions for businesses worldwide, renowned for its state-of-the-art, flexible, and innovative technology offerings. Its core products cover exchange, trading, surveillance, clearing, depository, risk management and back-office solutions, customised as necessary to meet clients’ unique needs. Backed by unparalleled service and ongoing support, STT’s dedicated and experienced team is committed to developing products that are easy to use and reliable, empowering its clients in driving their businesses forward. https://www.stt-software.com/

SAFARICOM

Safaricom is the leading telecommunication company in East Africa with the purpose to transform lives by connecting people to people, people to opportunities and people to information. Safaricom is listed on the Nairobi Securities Exchange (NSE) with annual revenues of close to KES 349.4 Billion ($2.7 billion) as at March 2024.

Safaricom runs the world’s largest mobile payment system and Africa’s largest Fintech, M-PESA, the world’s first mobile money transfer system. By empowering over 32 million customers to transact, save or borrow money through their mobile phone, M-PESA has driven financial inclusion in Kenya to more than 84% of the adult population, and generated over KES 139.9 Billion ($1,062 million) in revenue as at FY24.
https://www.safaricom.co.ke/

CQG

CQG is the industry’s highest-performing solution for integrated trade routing, global market data, and advanced technical analysis tools. CQG partners with more than one hundred Futures Commission Merchant environments and provides Direct Market Access to more than forty-five exchanges through its worldwide network of co-located CQG Hosted Exchange Gateways. CQG’s market data feed consolidates data from over seventy-five sources.
For more info: https://www.cqg.com/

EXCHANGE INVEST

Exchange Invest is "the Exchange of Information." The authoritative information platform with a unique daily newsletter analysing the bourse business worldwide and leading thought across all forms of exchanges and marketplaces through clearing and settlement - everything which relates to the market world's structure. Our readership includes the leading thinkers on exchanges and market structure worldwide.
https://www.exchangeinvest.com/