The stock markets in Africa have shown incredible growth over the last few years. There are a lot of investors around the world interested in both information and analysis of the stocks, companies and countries where the exchanges are located. Invariably, entrepreneurs flock to where the money is and you start seeing some interesting websites show up.
The List of African Stock Exchanges
Wikipedia has full list of the current African stock exhanges. There appears to be coverage in 37 countries, with one regional stock exchange, the Bourse Régionale des Valeurs Mobilières (BRVM), which serves 8 countries; Benin, Burkina Faso, Guinea Bissau, Côte d’Ivoire, Mali, Niger, Senegal and Togo. You can also take a look at Mbendi, that has a somewhat dated list, with links and contact information for each exchange.
The Opportunities
Quite obviously, the web is the best place to play with information and make it available worldwide. When a developer looks at the opportunity in this space, he sees a mountain of data – the key ingredient to a successful web application. A smart developer sees this as the beginning, knowing that he has to harness both data AND people in order to make the website a hit. It’s a virtual playground – literally and figuratively.
As an investor, the perfect type of website for you would be a website that allows you to find all the historical information about a specific stock and/or company, see analysis, communicate with other investors and possibly manage transactions as well.
If you play your cards right, you can create the go-to site for information around stocks for a country. If you’re ambitious, you could do it on a continent-wide level.
I wanted to see if consumer sites like Google Finance and Yahoo Finance were tracking stocks in Africa. Google does follow the stocks, but without much more than some cursory company data, financials and news feeds. Yahoo doesn’t track anything besides indexes outside of the US (as far as I could tell).
The Caveat
Each country has it’s own rules regulating how information is passed with regards to stocks. It gets even more interesting when you throw in the ability to actually buy and sell stocks online. Anyone who gets into this space needs to be hyper-aware of the laws that regulate what they can/cannot do.
November 15, 2007 at 7:58 am
An african stock watch blog would be great, bankelele does a good job on kenyan issues. But he doenst follow prices as such. The site below is a good source if business info in east africa.
http://www.bdafrica.com/
November 15, 2007 at 9:26 am
Don’t forget LiquidAfrica ( http://liquidafrica.com )
June 30, 2008 at 6:43 am
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Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.
Just watch
The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .
But still we say there are many undervalued stocks which can be used for investment.
To name few
1. DIGJAM
2. SBI
Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.
Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.
Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.
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Regards
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June 1, 2009 at 3:52 am
Hi,
During elections time stock market act very weird. One has to be very careful while doing trading and investments in Indian stock market .
If you have any doubt please feel free to contact us.
Regards
Regards
SHARETIPSINFO TEAM