He mentioned that there were 12 trading operations in the market, with approximately 4,500 voluntary carbon certificates in circulation and 18,375 carbon certificates registered in the authority's database.
Additionally, FRA launched the first partnership between an insurance company and a telecommunications company to market and distribute insurance products.
The Financial Regulatory Authority (FRA) approved 12 new projects to be registered in its carbon emissions reduction database, enabling them to soon trade on the new voluntary carbon market (AFRICARBONex).
Trading commenced today, August 13th, with the market regulated and monitored by financial authorities in both Egypt and Africa.
In collaboration with the Ministry of Environment, the FRA has established the necessary framework, while the Egyptian Exchange (EGX) has developed a trading platform
