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Transforming Africa

AFRICANGLOBE - A recent report from the African Economic Outlook (AEO) presented five options for accelerating Africa’s transformation, and we look at each in turn, identifying the strengths and weaknesses of each strategy, and suggesting the countries that are best suited for each.

Foreign Investment In Nigeria’s Stock Exchange Hits $4.7 Billion

AFRICANGLOBE - Recent market-friendly reforms implemented by the exchange had positively impacted the stock market, making it the 2nd fastest-growing African bourse, at 33 percent and providing an attractive destination for investment seekers.

Zimbabwe to Open ‘Blacks Only’ Stock Exchange

As Zimbabwe's liquidity declines and its stock market slumps, President Robert Mugabe's Zanu-PF party says it will soon launch a racially exclusive stock exchange in which only black people will be able to trade shares in foreign-owned companies it plans to seize.

Dangote Hailed As Catalyst Behind $31 Billion Market Cap Growth

AFRICANGLOBE - Africa’s richest man and president of the Nigerian Stock Exchange (NSE), Alhaji Aliko Dangote has been hailed as the force behind the record gains at the stock market over the past one year.

Nigerian Stock Market Surge Expected to Sustain Momentum Over 2013

AFRICANGLOBE - Nigerian stock market bulls say last year's surge in share prices will continue throughout 2013, citing falling bond yields and strong earnings as powerful lures for investors to return to the market. Nigeria ended 2012 as the second best performing stock market in Africa behind Uganda, after Africa's second biggest index rose 35 percent.

Egypt, Kenya, Nigeria Rated World’s Most Profitable Stock Markets

AFRICANGLOBE - The Egyptian stock market has emerged the most appreciating stock market in the world for the just concluded year, as investors were rewarded with a 49.56 percent yield-to-date (YTD) return on investment from the Egyptian Exchange (EGX).

Regulator Proposes Exclusive Market for SMEs in Kenya

An exclusive stock market for small and medium-sized enterprises with flexible listing rules could be in place in Kenya by January next year.