Africa’s economic power is growing, and trade can significantly aid sustainable development.
Everything business people and investors would like to know about Africa’s capital markets.
Foreigners have dominated investment in many African stock markets in the early weeks of 2013, according to asset management firm Imara.
There is currently a greater risk appetite for Africa, particularly for investment in equity markets, says Edem Lassey, an analyst at Investec.
Despite some weaknesses, right policies could unleash their power
Are you looking to profit from the Africa growth story, but don’t feel like setting up your own business in the Congo?
“All in all, Ghana looks to be a country my investment team and I will continue to watch.”
Nigeria’s Stock Exchange will soon be completing a revamp that will see it relax restrictions on price swings, adopt the Nasdaq platform, open into US trading hours and allow short selling.
Business news headlines today have it that the Johannesburg Stock Exchange (JSE) will be scrapping its separate board for sub-Saharan African companies, after a three-year programme that was largely met with lacklustre demand from African firms.
“We have carefully selected the main frontier markets where we see exponential growth in all areas of economic, political and social activity.”
The GSE is targeting a total of 50 listed companies within five years, up from 34 currently, and will launch an alternative market this year to enable smaller companies to raise capital.
Bill Mills, regional CEO for Europe, the Middle East and Africa at banking group Citi, suggests ten measures that could be implemented to strengthen capital markets in Africa.
“International investors have picked up official signals that opportunities are not restricted to the oil industry.”
How will the current economic turmoil in developed markets such as the U.S. and Europe affect Africa? Charles Robertson, global chief economist at Renaissance Capital, had the following to say.
In recent times, we have witnessed several initiatives across African capital markets aimed at broadening and deepening them.
Various regions in Africa are at different levels in as far as the integration of capital market activity is concerned.