The AT50 Index Cairo Market Open

From Private Scale to Public Markets.

The AT50 Index Cairo Market Open, held at the Egyptian Exchange, brought together key voices from across Egypt and Africa’s financial and technology ecosystem to explore the journey from private-market scale to public-market participation.

The programme opened with welcome remarks from Mr. Omar Radwan, Chairman of the Egyptian Exchange - EGX , followed by a regulatory address from Eng. Ahmed Khalifa, Director of FRA Regulatory Sandbox, highlighting the regulatory perspective within the evolving capital markets landscape.

The programme then featured Mr. Gbite Oduneye, Chair of the AT50 Index, Indexa Exchange Group , who shared insights on Africa’s emerging private-company issuer pipeline, institutional visibility, and pathways toward long-term and public-market capital.

The conversation continued with Dialogue I: “Africa’s Next Generation of Industry Leaders,” moderated by Ms. KARIMA👼🏽 El Hakim . The panel brought together leaders from Nawy, Bosta, Paga, Chari, and Flutterwave to discuss scaling across African and international markets, governance and institutional maturity, capital requirements at scale, and what comes after private-market growth.

As innovation continues to reshape financial markets, creating stronger connections between regulators, exchanges, investors, and high-growth companies is essential to building credible pathways toward the next stage of growth.

The FRA Regulatory Sandbox remains an important platform for enabling constructive dialogue between regulators and innovators, helping bridge the gap between emerging business models and the evolving regulatory and capital-markets landscape.

A special thank you to the speakers and contributors who joined the conversation and shared their perspectives:
Abi Ajayi — Head of Primary Market, Middle East & Africa, London Stock Exchange
Ahmad Hammouda CEO Thndr
Maged Ezzeldeen — Country Senior Partner, PwC
Rehab Sallem — Head of International Relations & Sustainability, Egyptian Exchange
Ibrahim Sagna — Chairman, Silverbacks Holdings
Mohamed Aladdin — General Partner, Venture Capital
Saad Sabrah — Egypt Country Head, IFC
Hany Al-Sonbaty — Co-Founder, Sawari Ventures
Wael Ziada — CEO, Zilla Capital
Ariel White-Tsimikalis — Partner, Goodwin Procter LLP
Islam Shawky — CEO, Paymob
Aalaa Gamal — Head of Egypt, Flutterwave
Abdel-Azim Osman — Co-Founder & Chief Marketing Officer, Nawy
Belal EL-Megharbel CEO MaxAB
Mohamed Ezzat - CEO Bosta
Ismael Belkhayat - CEO chari
Mostafa El-Beltagy CEO Nawy
Tayo Oviosu - group chief executive officer, paga
Thank you to everyone who contributed to making the Cairo Market Open a meaningful platform for dialogue around scale, capital, innovation, and the future of Africa’s markets.