# NGX Group African market connectivity initiatives > Live situation record from CLSTR: https://clstr.news/situations/ngx-group-african-market-connectivity-initiatives > Updated: 2026-10-18T23:16:28.000Z. Sources: 14. Developments: 2. The Nigerian Exchange Group (NGX Group) is advancing initiatives to enhance cross-border investment and market connectivity across Africa. Initially, the NGX Group, the Botswana Stock Exchange, and Access Bank collaborated on a roadshow for the Dangote Petroleum Refinery & Petrochemical FZE. This project utilizes Botswana Depository Receipts (BDRs) to allow investors in Botswana and the Southern African region to access the refinery’s shares without trading on its home market. Building on these efforts, the NGX Group was named ‘Africa’s Best Exchange’ at the Euromoney Markets Awards 2026. The Group has expanded its regional engagement to Cairo, Egypt, and Addis Ababa, Ethiopia, to collaborate with the Egyptian Exchange and the Ethiopian Securities Exchange. Supported by the African Export-Import Bank, these discussions aim to mobilize African institutional capital for industrial development and address structural barriers to investment flows between national markets. ## Timeline ### 2026-10-18: NGX Group wins Africa’s Best Exchange award and expands African market ties NGX Group has won Africa’s Best Exchange at the Euromoney Markets Awards 2026 while pursuing new cross-border investment partnerships in Egypt and Ethiopia to connect African capital markets. 9 sources. https://clstr.news/cluster/ngx-group-wins-africas-best-exchange-award-and-expands-african-market-ties ### 2026-10-15: NGX Group and Botswana Stock Exchange drive African cross-border investment The Nigerian Exchange Group and Botswana Stock Exchange are promoting cross-border investment via Botswana Depository Receipts for the Dangote Petroleum Refinery to strengthen African capital markets. 5 sources. https://clstr.news/cluster/ngx-group-and-botswana-stock-exchange-drive-african-cross-border-investment --- Cite as: NGX Group African market connectivity initiatives. CLSTR, https://clstr.news/situations/ngx-group-african-market-connectivity-initiatives