4 ms·

What is their financial system like? My guess is not very good. I think most of the gains are going to go to private investors, businesses, and other countries

What is their financial system like? My guess is not very good. I think most of the gains are going to go to private investors, businesses, and other countries that can afford to invest in large projects.

anubisresources 8y ago
Financial system varies broadly country to country, but there are virtually no publicly traded African companies. If you wish to invest you need to find private companies willing to take on an investor
- jeffreyrogers 8y ago
  Not sure why you're being downvoted. I think what you're saying is correct.
  - icebraining 8y ago
    The Johannesburg stock exchange alone has about 400 companies listed, so "virtually none" seems a bit hyperbolic.
    - jeffreyrogers 8y ago
      Sure, but outside of South Africa I believe what the OP is saying is true. In any case, better to correct him than downvote him without an explanation. I expect you would find that the biggest companies in most of Africa are either state owned mining and oil companies or western companies operating in Africa. I don't think they have many important publicly traded companies because their financial systems aren't well developed.
gandreani 8y ago
Obviously not the same standards as NYSE or similar exchanges, but I found this link https://en.wikipedia.org/wiki/List_of_African_stock_exchanges https://en.wikipedia.org/wiki/List_of_African_stock_exchange... The three big ones there actually have a respectable amount of listings (Egypt 833, South Africa 402, Nigeria 223)
ejanus 8y ago
Is it not the in other countries? No free Dollars anywhere
- jeffreyrogers 8y ago
  At least in the US you can invest in a car company or a mining company for example. In Africa the companies that do anything important are either state owned or foreign companies for the most part (as far as I know).
  - ejanus 8y ago
    MTN is not foreign owned. Glo is not foreign owned , Dangote , GTbank , M-net , and many others . Search ft market ..and country of your choice

anubisresources 8y ago

Financial system varies broadly country to country, but there are virtually no publicly traded African companies. If you wish to invest you need to find private companies willing to take on an investor

jeffreyrogers 8y ago
Not sure why you're being downvoted. I think what you're saying is correct.
- icebraining 8y ago
  The Johannesburg stock exchange alone has about 400 companies listed, so "virtually none" seems a bit hyperbolic.
  - jeffreyrogers 8y ago
    Sure, but outside of South Africa I believe what the OP is saying is true. In any case, better to correct him than downvote him without an explanation. I expect you would find that the biggest companies in most of Africa are either state owned mining and oil companies or western companies operating in Africa. I don't think they have many important publicly traded companies because their financial systems aren't well developed.

gandreani 8y ago

Obviously not the same standards as NYSE or similar exchanges, but I found this link https://en.wikipedia.org/wiki/List_of_African_stock_exchanges https://en.wikipedia.org/wiki/List_of_African_stock_exchange... The three big ones there actually have a respectable amount of listings (Egypt 833, South Africa 402, Nigeria 223)

ejanus 8y ago

Is it not the in other countries? No free Dollars anywhere

jeffreyrogers 8y ago
At least in the US you can invest in a car company or a mining company for example. In Africa the companies that do anything important are either state owned or foreign companies for the most part (as far as I know).
- ejanus 8y ago
  MTN is not foreign owned. Glo is not foreign owned , Dangote , GTbank , M-net , and many others . Search ft market ..and country of your choice