• Home
  • About Us
    • About Us
    • Services
  • Articles
    • Africa Analysis
    • Africa Research
  • Clients
  • Events
  • Gallery
  • Contact Us
Twitter Facebook LinkedIn
  • You are here:  
  • Home
  • Articles
  • Africa Analysis
  • African exchanges need innovation to seduce business
November 23, 2015

African exchanges need innovation to seduce business

Dianna Games
  • Print
  • Email

 

nigerianexchange 1

THE continent’s stock exchanges are a hard sell to African companies. Of more than 1.5-million businesses registered in Africa, only 1,600 are listed on the stock exchanges of the 23 states that make up the African Securities Exchanges Association (Asea), WRITES DIANNA GAMES.

At last week’s Asea conference in Johannesburg, delegates took a hard look at what Africa’s exchanges need to do differently to boost performance and relevance to attract investors and build assets.

Asea president and head of the Nigerian Stock Exchange Oscar Onyema suggested that new ways of engaging business leaders were needed, not just to talk about the benefits offered by Africa’s bourses, but for economies more broadly.

Poor corporate governance, he said, was responsible for most company failures in Africa.

The challenges of building up an asset base on a continent in which only about 2% of assets are traded are considerable. The weakness of the many stock exchanges across the continent is that most remain illiquid with little trade and few listed companies — and yet more and more countries want one. But many companies in Africa just don’t see the benefits of stock exchanges. There are multiple reasons for this. Read more ... 

- Published in Business Day SA, 23 November 2015

Tweet
back to top

Filter by date

  • October 2019 (1)
  • August 2019 (2)
  • July 2019 (1)
  • March 2019 (1)
  • December 2018 (1)
  • September 2018 (1)
  • June 2018 (4)
  • September 2017 (1)
  • August 2017 (1)
  • July 2017 (3)
  • May 2017 (1)
  • April 2017 (5)

filter by publication

Acumen africa at work African Business Magazine African Development Bank africans investing in africa Bisi Sanda brenthurst foundation Burundi Burundi elections Business Day Business Day TV Business in Africa: Corporate Insights Central Bank of Nigeria China CNBC Africa dianna games Ethiopia GIBS Gordon Institute of Business Science Martyn Davies muhammadu Buhari Nigeria Oliver Facey Other Pierre Nkurunziza robert mugabe South Africa the changing dynamics of business in africa tony elumelu foundation zimbabwe

Copyright © Africa At Work - All Rights Reserved.

Site by QUBA