Many more companies are being brought to the stock market in Africa and even though their profits can not be compared to their western counterparts many brokers are making a killing with these initial share offers. Shares in African Stock markets are also cheap and therefore anyone willing to invest in African stocks can do so.
A recent public share offer of a Kenyan company “Kengen”. On its first day on the stock market Kengen the price of each share tripled with some shareholders selling their shares at a price six times the price they had bought their shares for. The kengen Share offer in Kenya is just an example of the many opportunities Africa has to offer.
Globalization means unlimited Potential
Most African countries are developing countries. This therefore means that manufacturing and industrial companies are being set up every month and consequently more and more companies in Africa are maturing and being brought to the stock market to be traded. Shares in African stock markets fluctuate a lot and are therefore attractive for someone hoping to make a quick killing.
Tips on how to invest in Africa
If you are serious about investing in Africa I would suggest you get some trustworthy contacts from an individual or even better an organization within the country you intend to invest in. That is if you do not reside or are not a resident in that country. This is because it is very easy to be conned especially considering most Investment banks in africa or stock markets do not trade online. To cap it all Choose your broker well. I think later i will write on tips for choosing an appropriate stock broker.
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