The 16th Executive Committee meeting was held Kampala, Uganda on the 9th of November 2008 and was hosted by Uganda Stock Exchange. The committee members ratified the affiliate status with the South Asian Federation of Exchanges (SAFE) and approved the Central Securities Clearing System, the clearing and settlement house of Kenya, as an observer member. The proposal of Douala Stock Exchange for a full membership was also accepted subject to completing the required documents. During the meeting a briefing on the Ai Index Series Award Event was presented and the audited financial statements for the year ended 30th June 2008 were reviewed. The meeting also followed up on the latest updates of the taskforces’ proposals for the ASEA strategic plan; and resolved that the 13th ASEA conference will be held in Abuja, Nigeria during November 2009.