Archive for the ‘Capital Markets’ category
Recent events reminded investors that investing in Africa does come with some risks.
The Egyptian stock exchange finally reopened on Wednesday this week after having been closed for approximately seven weeks following political upheaval in that country.
Cape Town’s favourable lifestyle is one of the major reasons why many of South Africa’s asset management firms are based in the city as opposed to the economic hub Johannesburg.
In further moves to deepen its financial markets, Reuters reports that Nigeria’s stock exchange plans to create an index for fixed income securities.
The Nigerian Senate recently announced the passage of the new National Minimum Wage Bill, increasing the monthly minimum wage by 140%.
Markets in East Africa appear to have shrugged off international concerns about north-south tension in Sudan following a ‘Yes’ vote for secession by those in the south of the country.
An analyst told Business Day that Nigeria Premier League football clubs would have to completely change their structure and management before they can list on the country’s stock exchange.
Though some Middle East and North Africa (MENA) equity markets fell at times by 20% or more following popular unrest in Tunisia and Egypt, there is a relatively low risk of ‘Egyptian contagion’.
The Asset Management Company of Nigeria (AMCON) was created to stabilise the banking sector following the special audit in 2009. Investec’s Mishnah Seth believes it will boost the country’s banking sector.
Article produced by the Imara Africa Securities team. Imara is an investment banking and asset management group renowned for its knowledge of African markets.
“Trading volumes at African stock exchanges and international buying enjoyed a significant uptick in the final quarter of 2010.”
“I think we can safely say Africa’s exchanges will continue to operate on a stand-alone basis for a while.”
Trading at the Nairobi Stock Exchange is set for a major overhaul following the unveiling of Kenya’s first online trading platform.
Bloomberg recently reported that growth in the west African countries using the CFA franc as a currency will be slower than the average for Sub-Saharan Africa next year.
Investec Asset Management would be interested to invest in Angola once the country’s stock exchange launches.