News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
Key points from panel “Alternative exchanges and connecting the African markets: What do you need to know?” at the World Exchange Congress 2017 in Budapest.
Mauritius is the top base for private equity funds investing into Africa and is positioning as an attractive capital-raising platform for focused Africa-oriented ventures.
The new President of the African Securities Exchanges Association (ASEA) put forward 4 strategic objectives for the member bourses. Oscar Onyema, CEO of the Nigerian Stock Exchange, was elected President at this week’s ASEA conference in Kenya.
The challenges facing Africa’s securities exchanges to become an integral part of the continent’s economic transformation also provide a good agenda for action in 2014.
Africa’s 24 stock markets should learn to work together better if they are to seize high levels of investor interest, said Nicky Newton-King, CEO of South Africa’s JSE Ltd. She told an interviewer that plumbing, – technology and other links between exchanges and clearing and settlement – were more likely routes to more liquidity than trying to create a single exchange.
Sunil Benimadhu, CEO of the Stock Exchange of Mauritius and re-elected President of the African Stock Exchanges Association (ASEA) told the opening session of the African stock exchanges this morning that the world is changing, by 2050 African economies such as Nigeria and Egypt will be among the world’s biggest economies. Africa’s capital markets should play a key role in investment flows to drive this growth.
Launch today (3 Dec) of the 16th annual conference of the African Stock Exchanges Association, hosted by The Egyptian Exchange (EGX). This is the great annual gathering of Africa’s stock exchange leaders, visionaries, regulators, IT specialists, investors and many others.
Reuters newsagency has put together stories on issuers’ and investors’ difficulties with African stock markets. These include lack of liquidity and sinking currencies. It notes that African companies are increasingly dual listing on international stock exchanges.
Developing Africa’s securities exchanges is critical for the continent’s development, with capital markets standing between huge demand for capital for growth and huge demand to invest. The key issues are on the agenda of The 15th Annual African Securities Exchange Association conference (in Marrakesh, Morocco), hosted by Casablanca Stock Exchange, 12-13 December.