Browsing: African Stock Exchanges

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Is Integration the Solution to Africa’s Stock Exchanges?  

Africa

A number of African stock exchanges have been hit by an IPO drought in recent years—an indicator of ineffective capital markets. Some exchanges have seen an increase in de-listings.  For instance, Ghana's stock exchange is reported to have been struck by a wave of de-listings. The crux of the matter is, apart from the biggest stock exchanges, African capital markets have not lived up to their potential as investment harnessing hubs.

Stock Exchanges in Africa 

There are currently 29 exchanges in Africa; most of these are affiliated with the African Securities Exchanges Association. Included in the list of exchanges are two regional bourses. The Bourse Régionale des Valeurs Mobilières (BRVM) in Côte d'Ivoire which is an amalgamation of Benin, Burkina Faso, Guinea Bissau, Côte D'Ivoire, Mali, Niger, Senegal, and Togo.   The other is the Bourse Régionale Valeurs Mobilières D'afrique Centrale (BVMAC) which caters to Central African Republic, Chad, Democratic Republic

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Seven African Exchanges and African Development Bank prod investment in Africa

Africa

Johannesburg Stock Exchange (JSE), has partnered with African Development Bank (AfDB), six strong African exchanges and the African Securities Exchange Association (ASEA), to strengthen investments into Africa.

The collaboration comes to foster cross-border trading and settlement of securities across African countries’ exchanges. Further—the initiatives go after unlocking the Pan-African investment potentials, which also leads to the diversification needs of investors and attending to various drawbacks such as the inadequate depth and liquidity in Africa financial markets.

According to a report by Quartz Africa, Foreign Direct Investment (FDI) is expected to have risen by 20 per cent in 2018 to $ 50 billion after tanking in 2017 by 21 per cent to $42 billion.

More importantly, the seven Stock Exchanges participating in the first phase of the AELP represent about 85% of Africa’s securities market capitalization.

READ: Afreximbank plans $3 billion IPO on London Stock Exchange

The JSE is based …