5 ms·

There are virtually no publicly traded African companies. There are companies like glencore that have operations here, but they’re still European or Asian compa

There are virtually no publicly traded African companies. There are companies like glencore that have operations here, but they’re still European or Asian companies. If you’re looking to invest in African companies you have to put time in on the ground to find private companies suitable for investment.

MusaTheRedGuard 8y ago
That's just not true. A more accurate statement would be there are very few African companies listed on American stock exchanges. They are still listed in their home country's exchanges
- anubisresources 8y ago
  The daily trade volume on the Ugandan exchange is ~$18,000. Companies may be “listed”, but good luck actually buying any stock
  - MusaTheRedGuard 8y ago
    Look at the Nigerian stock exchange or the South African stock exchange or the Morrocan Stock exchange. Obviously financial infrastructure varies a lot from country to country
  - sangnoir 8y ago
    You're shifting goalposts.
- ejanus 8y ago
  A lot of African owned companies are in London stock market and debts market
ejanus 8y ago
We have viable stock markets across the continent, remember Nasper of South Africa, Nigerian Banks , Dangote cement , and thousands of others.
sangnoir 8y ago
> There are virtually no publicly traded African companies. Wow. I'm speechless - how did you arrive at that (incorrect) conclusion? Not only are there plenty of African stock exchanges[1], a lot of publicly traded companies opt to be (dually or exclusively) listed on foreign bourses. 1. https://en.wikipedia.org/wiki/List_of_African_stock_exchanges https://en.wikipedia.org/wiki/List_of_African_stock_exchange...
IkmoIkmo 8y ago
That's a joke. Look at the Casablanca Stock Exchange, $70b. Egypt $400b. South African about $1 trillion. Daily volume is between $50 - $200 million or so. And no, not just European or Asian companies. Plenty of national infrastructure companies, telecom, banking etc.

MusaTheRedGuard 8y ago

That's just not true. A more accurate statement would be there are very few African companies listed on American stock exchanges. They are still listed in their home country's exchanges

anubisresources 8y ago
The daily trade volume on the Ugandan exchange is ~$18,000. Companies may be “listed”, but good luck actually buying any stock
- MusaTheRedGuard 8y ago
  Look at the Nigerian stock exchange or the South African stock exchange or the Morrocan Stock exchange. Obviously financial infrastructure varies a lot from country to country
- sangnoir 8y ago
  You're shifting goalposts.
ejanus 8y ago
A lot of African owned companies are in London stock market and debts market

ejanus 8y ago

We have viable stock markets across the continent, remember Nasper of South Africa, Nigerian Banks , Dangote cement , and thousands of others.

sangnoir 8y ago

> There are virtually no publicly traded African companies. Wow. I'm speechless - how did you arrive at that (incorrect) conclusion? Not only are there plenty of African stock exchanges[1], a lot of publicly traded companies opt to be (dually or exclusively) listed on foreign bourses. 1. https://en.wikipedia.org/wiki/List_of_African_stock_exchanges https://en.wikipedia.org/wiki/List_of_African_stock_exchange...

IkmoIkmo 8y ago

That's a joke. Look at the Casablanca Stock Exchange, $70b. Egypt $400b. South African about $1 trillion. Daily volume is between $50 - $200 million or so. And no, not just European or Asian companies. Plenty of national infrastructure companies, telecom, banking etc.