The Stock Exchange of Mauritius (SEM) has added another milestone to its innovation- driven journey with the launch of SEMX, a dedicated segment on the Official Market for high- growth companies. SEMX is designed to help fast-growing, profitable companies with proven track records leverage SEM’s multi-currency funding platform to raise capital for their next stages of growth and expansion. The segment is governed by a tailored set of listing rules that address the requirements of high-growth companies. These rules include provisions for market-making, ensuring adequate secondary market liquidity to enhance the appeal of SEMX-listed companies to investors. Tuesday Markets has been appointed as the initial market maker for SEMX.

Companies eligible for SEMX listing must demonstrate strong growth, with a minimum revenue growth rate of 25% on a compound annual growth basis over the preceding three financial years or a 100% growth rate over the past five years. Three pioneering companies have chosen to debut on SEMX on 3 December, 2024:

• Africa Eats Ltd
• Elite Meat Processors Limited
• Ziweto Holdings Limited

The launch of SEMX aligns with the transformative changes SEM has implemented over the years to internationalize its platform, diversify its product offerings, and attract listings across various asset classes. These efforts have positioned SEM as a leader in driving innovation within the African exchange landscape. Since 2009, SEM has nearly doubled its listings, from 100 to 180 securities, and facilitated capital raising totaling USD 6.5 billion, of which USD 4.6 billion was raised by international issuers.

Sunil Benimadhu, Chief Executive of SEM, commented: "The launch of SEMX marks a significant step in our journey to position SEM as a world-class international exchange. It reflects our commitment to being an attractive, multi-currency capital-raising and listing platform for local, Africa-focused, and niche international issuers. I extend my heartfelt thanks to all stakeholders who contributed to this milestone."

Luni Libes, CEO and Co-Founder of Africa Eats Ltd, remarked: "We are thrilled to list Africa Eats, Elite Meat, and Ziweto on SEMX as a first step toward connecting capital markets with successful African SMEs. This listing underscores our commitment to fostering growth and building resilient food supply chains across the continent."