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Dangote Cement: 13,679

MTN Group: 9,548

BUA Cement: 6,591

MTN Nigeria: 6,017

Airtel Africa: 5,341

BUA Foods: 5,147

EDV Mining: 4,304

Safaricom: 3,374

SONATEL: 2,808

ORANGE- CI : 2,652

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• KQ (Kenya Airways Ltd)

• AIP (Adcock Ingram Holdings Ltd.)

• ACS (Acsion Ltd.)

• ADR (Adcorp Holdings Ltd.)

• ADH (Advtech Ltd.)

• AFE (AECI Ltd.)

• AON (African & Overseas Enterprises Ltd. N)

• ADW (ADW (African Dawn Capital Ltd. )

• APF (Accelerate Property Fund Ltd)

• TKG (Telkom SA SOC Ltd)

• VOD (Vodafone Group Plc)

• NPN  (Naspers Ltd)

• Coming soon

• UNITYBNK (United Bank PLC)

• Coming soon

• ETEL (Telecom Egypt)

• GTHE (Global Telecom Holding)

• OTMT (Orascom Investment Holding)

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• (IDCBY) Industrial and Commercial Bank of China

• (000725) BOE Technology

• UNITYBNK (United Bank PLC)

• (TOYOF) Toyota Motor Corporation

• ETEL (Telecom Egypt)

• GTHE (Global Telecom Holding)

• OTMT (Orascom Investment Holding)

• KQ (Kenya Airways Ltd)

• (TTNQY) Tata consultancy service

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• Coming Soon

• (SIE) Siemens AG

• UNITYBNK (United Bank PLC)

• Coming soon

• ETEL (Telecom Egypt)

• GTHE (Global Telecom Holding)

• OTMT (Orascom Investment Holding)

• KQ (Kenya Airways Ltd)

• (SCHN) Schindler Holdings AG

• KQ (Kenya Airways Ltd)

• Coming soon

• KQ (Kenya Airways Ltd)

• (SAN) Banco Standard

• KQ (Kenya Airways Ltd)

• Coming Soon

• Coming soon

• UNITYBNK (United Bank PLC)

• Coming soon

• ETEL (Telecom Egypt)

• GTHE (Global Telecom Holding)

• OTMT (Orascom Investment Holding)

BMV
Mexican Stock Exchange

• KQ (Kenya Airways Ltd)

• (PBR) Petróleo Brasileiro S.A. (PBR)

• Coming soon

• UNITYBNK (United Bank PLC)

• Sonda S.A.

• ETEL (Telecom Egypt)

• GTHE (Global Telecom Holding)

• OTMT (Orascom Investment Holding)

BVC
Bolsa de Valores de Colombia

BVL
Lima Stock Exchange

• KQ (Kenya Airways Ltd)

• Coming Soon

• (SPK) Spark New Zealand Limited (SPK)

• UNITYBNK (United Bank PLC)

Markets

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Listed Companies

  • ACCESS BANK BOTSWANA LIMITED
  • ABSA BANK OF BOTSWANA LIMITED
  • BOTSWANA INSURANCE HOLDINGS LIMITED
  • BOTSWANA TELECOMMUNICATIONS CORPORATION LIMITED
  • CHOBE HOLDINGS LIMITED
  • CHOPPIES ENTERPRISES LIMITED
  • CRESTA MARAKANELO LIMITED
  • ENGEN BOTSWANA LIMITED
  • FIRST NATIONAL BANK BOTSWANA LIMITED
  • THE FAR PROPERTY COMPANY LIMITED
  • G4S BOTSWANA LIMITED
  • LETLOLE LA RONA LIMITED
  • LETSHEGO HOLDINGS LIMITED
  • MINERGY LIMITED
  • NEW AFRICAN PROPERTIES LIMITED
  • TURNSTAR HOLDINGS LIMITED
  • STANDARD CHARTERED BOTSWANA LIMITED
  • SEFALANA HOLDING COMPANY LIMITED
  • SEEDCO INTERNATIONAL LIMITED
  • SECHABA BREWERY HOLDINGS LIMITED
  • RDC PROPERTIES LIMITED
  • PRIMETIME PROPERTY HOLDINGS LIMITED
  • OLYMPIA CAPITAL CORPORATION (BOTSWANA) LIMITED
  • BOTSWANA DIAMONDS PLC
  • TLOU ENERGY
  • SHUMBA ENERGY LIMITED
  • INVESTEC LIMITED
  • CA SALES HOLDINGS LIMITED
  • ANGLO AMERICAN PLC
  • LUCARA DIAMOND CORP

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Listed Companies

  • AB
  • AETECH
  • AIR LIQUDE TSIE
  • ALKIMIA
  • ARTES
  • ASS. MAGHREBIA VIE
  • ASSAD
  • ASTREE
  • ATB
  • ATL
  • ATTIJARI BANK
  • ATTIJARI LEASING
  • ASSURANCES MAGHRÉBIA
  • BEST LEASE
  • BH
  • BH LEASING
  • BIAT
  • BNA
  • BT
  • BTE
  • BH-ASSURANCE
  • CARTHAGE CEMENT
  • CELLCOM
  • CIL
  • CIMENTS DE BIZERTE
  • CITY CARS
  • DELICE HOLDING
  • ELECTROSTAR
  • ENNAKL AUTOMOBILES
  • ESSOUKNA
  • EURO-CYCLES
  • GIF-FILTER
  • HANNIBAL LEASE
  • ICF
  • LAND OR
  • MAGASIN GENERAL
  • MIP
  • MONOPRIX
  • MPBS
  • NEW BODY LINE
  • ONE TECH HOLDING
  • OFFICEPLAST
  • PLAC. TSIE-SICAF
  • POULINA GP HOLDING
  • SAH
  • SAM
  • SANIMED
  • SFBT
  • SIAME
  • SIMPAR
  • SIPHAT
  • SITS
  • SMART TUNISIE
  • SOMOCER
  • SOTEMAIL
  • SOTETEL
  • SOTIPAPIER
  • SOTRAPIL
  • SOTUMAG
  • SOTUVER
  • SPDIT – SICAF
  • STA
  • STAR
  • STB
  • STIP
  • TAWASOL GROUP HOLDING
  • TELNET HOLDING
  • TPR
  • TUNINVEST-SICAR
  • TUNIS RE
  • TUNISAIR
  • TUNISIE LEASING ET FACTORING
  • UADH
  • UBCI
  • UIB
  • UNIMED
  • WIFAK INTERNATIONAL BANK

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Listed Companies

  • SERVAIR ABIDJAN COTE D’IVOIRE
  • BICI COTE D’IVOIRE
  • BERNABE COTE D’IVOIRE
  • BANK OF AFRICA BENIN
  • BANK OF AFRICA BURKINA FASO
  • BANK OF AFRICA COTE D’IVOIRE
  • BANK OF AFRICA MALI
  • BANK OF AFRICA NIGER
  • BANK OF AFRICA SENEGAL
  • SICABLE COTE D’IVOIRE
  • CORIS BANK INTERNATIONAL BURKINA FASO
  • CFAO MOTORS COTE D’IVOIRE
  • CIE COTE D’IVOIRE
  • ECOBANK COTE D’IVOIRE
  • ECOBANK TRANSNATIONAL INCORPORATED TOGO
  • FILTISAC COTE D’IVOIRE
  • NEI-CEDA COTE D’IVOIRE
  • NSIA BANQUE COTE D’IVOIRE
  • NESTLE COTE D’IVOIRE
  • ONATEL BURKINA FASO
  • ORANGE COTE D’IVOIRE
  • ORAGROUP TOGO
  • PALM COTE D’IVOIRE
  • TRACTAFRIC MOTORS COTE D’IVOIRE
  • SAFCA COTE D’IVOIRE
  • SUCRIVOIRE COTE D’IVOIRE
  • SODE COTE D’IVOIRE
  • AFRICA GLOBAL LOGISTICS COTE D’IVOIRE
  • EVIOSYS PACKAGING SIEM COTE D’IVOIRE
  • SOCIETE GENERALE COTE D’IVOIRE
  • VIVO ENERGY COTE D’IVOIRE
  • SOCIETE IVOIRIENNE DE BANQUE COTE D’IVOIRE
  • SICOR COTE D’IVOIRE
  • AIR LIQUIDE COTE D’IVOIRE
  • SOLIBRA COTE D’IVOIRE
  • SMB COTE D’IVOIRE
  • SONATEL SENEGAL
  • SOGB COTE D’IVOIRE
  • SAPH COTE D’IVOIRE
  • SETAO COTE D’IVOIRE
  • SITAB COTE D’IVOIRE
  • MOVIS COTE D’IVOIRE
  • TOTALENERGIES MARKETING COTE D’IVOIRE
  • TOTALENERGIES MARKETING SENEGAL
  • TRITURAF STE EN LIQUID
  • UNILEVER COTE D’IVOIRE
  • UNIWAX COTE D’IVOIRE

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Listed Companies

  • BANCO COMERCIAL ATLÂNTICO, SA
  • CAIXA ECONÓMICA DE CABO VERDE, SA
  • ENACOL
  • CAPE VERDEAN TOBACCO SOCIETY, SA

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Listed Companies

  • ZAMBIA REINSURANCE PLC
  • COPPERBELT ENERGY CORPORATION PLC
  • AECI MINING EXPLOSIVES PLC
  • ZAMBEEF PLC
  • ZAMBIA BREWERIES PLC
  • ZAMBIA CONSOLIDATED COPPER MINES – INVESTMENT HOLDING PLC
  • NATIONAL BREWERIES PLC
  • SHOPRITE HOLDINGS PLC
  • ZAMBIA SUGAR PLC
  • CHILANGA CEMENT PLC
  • MADISON FINANCIAL SERVICES PLC
  • PUMA ENERGY PLC
  • INVESTRUST BANK PLC
  • AIRTEL NETWORKS PLC
  • STANDARD CHARTERED BANK ZAMBIA PLC
  • BRITISH AMERICAN TOBACCO ZAMBIA PLC
  • ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC
  • BATA ZAMBIA PLC
  • REAL ESTATE INVESTMENT ZAMBIA PLC
  • ZAMBIA NATIONAL COMMERCIAL BANK PLC
  • TAJ PAMODZI HOTEL PLC
  • METAL FABRICATORS OF ZAMBIA PLC

More Details…

Listed Companies

  • AIRTEL MALAWI PLC
  • BLANTYRE HOTELS PLC
  • FDH BANK PLC
  • FMB CAPITAL HOLDINGS PLC
  • ICON PROPERTIES PLC
  • ILLOVO SUGAR MALAWI PLC
  • MPICO PLC
  • NATIONAL BANK OF MALAWI
  • NBS BANK PLC
  • NICO HOLDINGS PLC
  • NATIONAL INVESTMENT TRUST PLC
  • OLD MUTUAL LIMITED
  • PRESS CORPORATION PLC
  • STANDARD BANK MALAWI PLC
  • SUNBIRD TOURISM PLC
  • TELEKOM NETWORKS MALAWI PLC

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Listed Companies

  • EMOSE
  • HCB
  • TROPIGALIA, SA
  • CDM
  • CMH
  • ARKO SEGUROS
  • REVIMO
  • ZAYA GROUP, S.A.
  • ZERO INVESTIMENTOS
  • PAYTECH
  • TOUCH PUBLICIDADE
  • MOZAMBIQUE WEIYUE INTERNATIONAL HOLDING, S.A.
  • ARCO INVESTIMENTOS
  • 2BUSINESS

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Listed Companies

  • DOUJA PROMOTION GROUPE ADDOHA SA
  • ALLIANCES DEVELOPPEMENT IMMOBILIER SA
  • AFRIC INDUSTRIES SA
  • AFMA SA
  • AGMA
  • AKDITAL
  • ALUMINIUM DU MAROC
  • ARADEI CAPITAL
  • AUTO HALL
  • ATLANTASANAD
  • ATTIJARIWAFA BANK
  • BALIMA
  • BANQUE MAROCAINE POUR LE COMMERCE ET L’INDUSTRIE
  • BANQUE CENTRALE POPULAIRE
  • BANK OF AFRICA
  • CDM
  • CFG Bank
  • CREDIT IMMOBILIER ET HOTELIER
  • CIMENTS DU MAROC
  • COMPAGNIE MINIERE DE TOUISSIT
  • COLORADO
  • CARTIER SAADA
  • COSUMAR
  • COMPAGNIE DE TRANSPORT AU MAROC
  • DELTA HOLDING
  • DIAC SALAF
  • DELATTRE LEVIVIER
  • DARI COUSPATE
  • DISWAY
  • DISTY TECHNOLOGIES
  • EQDOM
  • FENIE BROSSETTE
  • AFRIQUIA GAZ
  • HIGHTECH PAYMENT SYSTEMS
  • ITISSALAT AL-MAGHRIB
  • IB MAROC.COM SA
  • IMMORENTE INVEST
  • INVOLYS
  • JET CONTRACTORS
  • LABEL VIE
  • LESIEUR CRISTAL
  • LAFARGEHOLCIM MAROC
  • M2M Group
  • MAGHREBAIL
  • MED PAPER
  • MICRODATA
  • MAROC LEASING
  • MANAGEM
  • MAGHREB OXYGENE
  • SOCIETE D’EXPLOITATION DES PORTS – MARSA MAROC
  • MUTANDIS SCA
  • AUTO NEJMA
  • ENNAKL AUTOMOBILES
  • SOCIETE LES EAUX MINERALES D’OULMES
  • SOCIETE DE PROMOTION PHARMACEUTIQUE DU MAGHREB S.A.
  • RESIDENCES DAR SAADA
  • REBAB COMPANY
  • RISMA
  • SOCIETE MAGHREBINE DE MONETIQUE
  • SANLAM MAROC
  • SAMIR
  • SOCIETE DES BOISSONS DU MAROC
  • SOCIETE NATIONALE DE SIDERURGIE SA
  • SALAFIN
  • SOCIETE METALLURGIQUE D’IMITER
  • STOKVIS NORD AFRIQUE
  • SOCIETE NATIONALE D ELECTROLYSE ET DE PETROCHIMIE
  • SOCIETE DE THERAPEUTIQUE MAROCAINE
  • SOCIETE DE REALISATIONS MECANIQUES
  • STROC INDUSTRIE
  • TRAVAUX GENERAUX DE CONSTRUCTION DE CASABLANCA
  • TOTALENERGIES MARKETING MAROC
  • TAQA MOROCCO
  • UNIMER
  • WAFA ASSURANCE
  • ZELLIDJA S.A

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Listed Companies

  • SEMC: SOCIETE DES EAUX MINERALES DU CAMEROUN
  • SAFACAM: SOCIETE AFRICAINE FORESTIERE ET AGRICOLE DU CAMEROUN
  • SOCAPALM: SOCIETE CAMEROUNAISE DE PALMERAIES
  • SIAT GABON: SOCIETE D’INVESTISSEMENT POUR
  • L’AGRICULTURE TROPICALE GABON
  • LA RÉGIONALE D’EPARGNE ET DE CRÉDIT
  • BANGE: BANQUE NATIONALE DE GUINÉE-ÉQUATORIALE
  • SCG-RÉ: SOCIÉTÉ COMMERCIALE GABONAISE DE RÉASSURANCE

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Listed Companies

  • DAR ES SALAAM STOCK EXCHANGE
  • CRDB BANK PLC
  • DCB COMMERCIAL BANK PLC
  • EAST AFRICAN BREWERIES LIMITED
  • JUBILEE HOLDINGS LIMITED
  • KENYA AIRWAYS LIMITED
  • KCB GROUP
  • MAENDELEO BANK PLC
  • NATIONAL INVESTMENT COMPANY LIMITED
  • NMB BANK PLC
  • NATION MEDIA GROUP
  • PRECISION AIR SERVICES PLC
  • SWISSPORT TANZANIA PLC
  • TANZANIA BREWERIES PLC
  • TANGA CEMENT PLC
  • TOL GASES LIMITED
  • SWALA GAS AND OIL
  • UCHUMI SUPERMARKETS LTD
  • MKOMBOZI COMMERCIAL BANK PLC
  • MWALIMU COMMERCIAL BANK PLC
  • YETU MICROFINANCE BANK
  • MUCOBA
  • VODACOM TANZANIA LIMITED
  • AFRIPRISE INVESTMENT PLC
  • JATU PLC
  • TANZANIA CIGARETTE COMPANY LTD
  • TANZANIA PORTLAND CEMENT PUBLIC LIMITED COMPANY

More Details…

Listed Companies

  • ALPHA NAMIBIA INDUSTRIES RENEWABLE ENERGY POWER LIMITED “ANIREP”
  • ANDRADA MINING LIMITED (FORMERLY AFRITIN MINING LIMITED)
  • ANGLO AMERICAN PLC
  • B2GOLD CORPORATION
  • BANNERMAN RESOURCES LIMITED
  • CAPRICORN GROUP LIMITED
  • CELSIUS RESOURCES LIMITED
  • DEEP YELLOW LIMITED
  • FIRSTRAND LTD
  • FIRSTRAND NAMIBIA LIMITED
  • FORSYS METALS CORPORATION
  • INVESTEC LIMITED
  • LETSHEGO HOLDINGS (NAMIBIA) LIMITED
  • MARENICA ENERGY LIMITED
  • MCUBE ONE INVESTMENT LTD
  • MEDICLINIC INTERNATIONAL PLC
  • MOBILE TELECOMMUNICATIONS LIMITED
  • MOMENTUM METROPOLITAN HOLDINGS
  • NAMIBIA ASSET MANAGEMENT LIMITED
  • NAMIBIA BREWERIES LIMITED
  • NEDBANK GROUP LIMITED
  • NICTUS HOLDINGS LIMITED
  • OCEANA GROUP LTD
  • OLD MUTUAL LTD
  • OMAJOWA PROPERTIES LTD
  • ORYX PROPERTIES LIMITED
  • OSINO RESOURCES CORP
  • PALADIN ENERGY LIMITED
  • PARATUS NAMIBIA HOLDINGS LIMITED
  • PSG KONSULT LIMITED
  • SANLAM LIMITED
  • SANTAM LIMITED
  • SBN HOLDINGS
  • SHOPRITE HOLDINGS LTD
  • STANDARD BANK GROUP LTD
  • STIMULUS INVESTMENTS LIMITED
  • TADVEST LIMITED
  • TRUSTCO GROUP HOLDINGS LIMITED
  • TRUWORTHS INTERNATIONAL LTD
  • VUKILE PROPERTY FUND LIMITED

More Details…

Listed Companies

  • 11 PLC
  • ACCESS BANK PLC
  • ACORN PETROLEUM PLC
  • AFRILAND PROPERTIES PLC
  • AG MORTGAGE BANK PLC
  • AIR LIQUIDE PLC
  • ARADEL HOLDINGS PLC
  • CAPITAL HOTELS PLC
  • CAPITAL BANCORP PLC
  • CITITRUST HOLDINGS PLC
  • COSTAIN (WEST AFRICA) PLC
  • CR SERVICES PLC
  • CENTRAL SECURITIES CLEARING SYSTEM (CSCS) PLC
  • DUFIL PRIMA FOODS PLC
  • FANMILK PLC
  • FREE RANGE FARMS PLC
  • FRIESLAND CAMPINA WAMCO NIGERIA PLC
  • FOOD CONCEPTS PLC
  • FIRSTTRUST MORTGAGE BANK PLC
  • FUMMAN AGRICULTURAL PRODUCTS PLC
  • GEO-FLUIDS PLC
  • GREAT NIGERIA INSURANCE PLC
  • GOLDEN CAPITAL PLC
  • INDUSTRIAL AND GENERAL INSURANCE PLC
  • IMPRESIT BAKOLORI PLC
  • THE INFRASTRUCTURE BANK PLC
  • INTERNATIONAL PACKING INDUSTRIES NIGERIA PLC
  • IPWA PLC
  • LAGOS BUILDING INVESTMENT COMPANY PLC
  • LIGHTHOUSE FINANCIAL SERVICES PLC
  • MASS TELECOMS INNOVATION PLC
  • MIXTA REAL ESTATE (NIGERIA) PLC
  • NASD PLC
  • NEWREST ASL NIGERIA PLC
  • NIPCO PLC
  • NIGERIA MORTGAGE REFINANCE COMPANY PLC
  • OKITIPUPA OIL PALM PLC
  • PURPLE REAL ESTATE INCOME PLC
  • RIGGS VENTURES WEST AFRICAN PLC
  • RESOURCERY PLC
  • UBN PROPERTY COMPANY PLC
  • VITAL PRODUCTS PLC

More Details…

Listed Companies

  • ABBEYBDS
  • ABCTRANS
  • ACADEMY
  • ACCESSCORP
  • AFRINSURE [MRF]
  • AFRIPRUD
  • AFROMEDIA [MRF]
  • AIICO
  • AIRTELAFRI
  • ALEX [BLS]
  • ASOSAVINGS [DIP]
  • AUSTINLAZ [DIP]
  • AVAIF
  • BAPLC
  • BERGER
  • BETAGLAS
  • BUACEMENT
  • BUAFOODS
  • CADBURY
  • CAP
  • CAPOIL [DIP]
  • CAVERTON
  • CHAMPION [BLS]
  • CHAMS
  • CHELLARAM [MRF]
  • CILEASING
  • CONHALLPLC
  • CONOIL
  • CORNERST [MRF]
  • CUSTODIAN
  • CUTIX
  • CWG
  • DAARCOMM
  • DANGCEM
  • DANGSUGAR
  • DEAPCAP [DWL]
  • DUNLOP [MRS]
  • EKOCORP [BMF]
  • ELLAHLAKES
  • ENAMELWA
  • ETERNA
  • ETI
  • ETRANZACT [BLS]
  • EUNISELL
  • FBNH
  • FCMB
  • FIDELITYBK
  • FIDSON
  • FLOURMILL
  • FTNCOCOA [RST]
  • GEREGU
  • GOLDBREW [BLS]
  • GOLDINSURE [DIP]
  • GTCO
  • GUINEAINS
  • GUINNESS
  • HONYFLOUR [BLS]
  • IKEJAHOTEL
  • IMG
  • INFINITY [BLS]
  • INTBREW [BLS]
  • INTENEGINS [RST]
  • JAIZBANK
  • JAPAULGOLD
  • JBERGER
  • JOHNHOLT
  • JULI
  • LASACO [MRF]
  • LEARNAFRCA
  • LINKASSURE
  • LIVESTOCK
  • LIVINGTRUST
  • MANSARD
  • MAYBAKER
  • MBENEFIT [MRF]
  • MCNICHOLS
  • MECURE
  • MEDVIEWAIR [DIP]
  • MEYER
  • MORISON
  • MRS
  • MTNN
  • MULTITREX [DWL]
  • MULTIVERSE
  • NAHCO
  • NASCON
  • NB
  • NCR
  • NEIMETH
  • NEM
  • NESTLE
  • NGXGROUP
  • NIDF
  • NNFM
  • NOTORE [BLS]
  • NPFMCRFBK [MRF]
  • NSLTECH
  • OANDO [MRF]
  • OKOMUOIL
  • OMATEK [RST]
  • PHARMDEKO [MRF]
  • PREMPAINTS [MRF]
  • PRESCO
  • PRESTIGE [BLS]
  • PZ
  • REDSTAREX
  • REGALINS [MRF]
  • RONCHESS
  • ROYALEX
  • RTBRISCOE
  • SCOA
  • SEPLAT
  • SFSREIT
  • SKYAVN
  • SMURFIT [MRF]
  • SOVRENINS
  • STACO [DIP]
  • STANBIC
  • STDINSURE [DIP]
  • STERLINGNG
  • SUNUASSUR
  • TANTALIZER
  • THOMASWY [MRS]
  • TIP
  • TOTAL
  • TOURIST [DIP]
  • TRANSCOHOT
  • TRANSCORP
  • TRANSEXPR
  • TRANSPOWER
  • TRIPPLEG
  • UACN
  • UBA
  • UCAP
  • UHOMREIT
  • UNHOMES [DIP]
  • UNILEVER
  • UNIONDICON [DIP]
  • UNITYBNK [MRF]
  • UNIVINSURE
  • UPDC [BLS]
  • UPDCREIT
  • UPL
  • VANLEER [DIP]
  • VERITASKAP
  • VFDGROUP
  • VITAFOAM
  • WAPCO
  • WAPIC
  • WEMABANK
  • ZENITHBANK

More Details…

Listed Companies

  • BK GROUP PLC
  • RH BOPHELO LTD
  • CIMERWA PLC
  • I&M BANK RWANDA
  • EQUITY BANK GROUP LTD
  • KENYA COMMERCIAL BANK
  • NATIONAL MEDIA GROUP
  • UCHUMI SUPER MARKET LTD
  • BRALIRWA
  • MTN RWANDACELL

More Details…

Listed Companies

  • AFREXIM DR (USD)
  • AFRICA CLEAN USD
  • AFRICURE
  • AGAPE GLOBAL
  • ALTEO LIMITED
  • ARINDO (USD)
  • ASCENCIA
  • ASL
  • ASTORIA (USD)
  • BAYPORT (USD)
  • BHI CLASS A PREF
  • BHI CLASS B PREF
  • BLUELIFE LIMITED
  • BMH LTD
  • CAUDAN
  • CIEL LIMITED
  • CIM FINANCIAL
  • CRYTEL USD
  • EMTEL LIMITED
  • ENL LTD ORD A
  • FINCORP
  • GAMMA CIVIC
  • GRITREAL-MUR
  • GRITREAL-USD
  • H. MALLAC
  • IBL LTD
  • INNODIS LTD
  • LOTTOTECH LTD
  • LUX ISLAND
  • MCB GROUP
  • MCBG PREF
  • MCFI
  • MDIT
  • MEDINE LTD
  • MOROIL
  • MUA LTD
  • NIT
  • NMH
  • NMH PREFERENCE
  • NUMERAL (USD)
  • OMNICANE LIMITED
  • PAD
  • PBL
  • PIM LIMITED
  • POLICY
  • PSG FIN (USD)
  • ROGERS
  • SANLAM (USD)
  • SBMH
  • SUN LIMITED
  • SWAN GENERAL LTD
  • TADVEST (USD)
  • TERRA
  • TRANSSWITCH (USD)
  • UBP
  • UNITED DOCKS LTD
  • UNIVERSAL (GBP)
  • VIVO ENERGY

More Details…

Listed Companies

  • USE ALL SHARE INDEX ([email protected])
  • BRITISH AMERICAN TOBACCO UGANDA
  • BANK OF BARODA UGANDA
  • DEVELOPMENT FINANCE COMPANY OF UGANDA LTD
  • EAST AFRICAN BREWERIES LIMITED
  • JUBILEE HOLDINGS LIMITED
  • KENYA AIRWAYS
  • NEW VISION PRINTING AND PUBLISHING COMPANY LTD
  • STANBIC UGANDA HOLDINGS LIMITED
  • UGANDA CLAYS LIMITED
  • EQUITY BANK LIMITED
  • KCB GROUP
  • NATIONAL INSURANCE CORPORATION
  • NATION MEDIA GROUP
  • CENTUM INVESTMENT COMPANY LTD
  • USE LOCAL COMPANY INDEX
  • UMEME LIMITED
  • QUALITY CHEMICAL INDUSTRIES LIMITED
  • MTN UGANDA
  • AIRTEL UGANDA LIMITED

More Details…

Listed Companies

  • FNBE
  • GREYSTONE PERTNERS
  • INALA CAPITAL
  • NEDBANK
  • NPC
  • RES CORPORATION
  • SBC LIMITED
  • SWAZI EMPOWERMENT LIMITED
  • SWAPROPE

More Details…

More Details…

Listed Companies

  • ACCESS BANK GHANA PLC
  • AGRICULTURAL DEVELOPMENT BANK
  • ANGLOGOLD ASHANTI PLC
  • ALUWORKS LTD
  • ASANTE GOLD CORPORATION
  • BENSO OIL PALM PLANTATION LTD
  • CALBANK PLC
  • CLYDESTONE (GHANA) LIMITED
  • CAMELOT GHANA LTD
  • COCOA PROCESSING COMPANY
  • DANNEX AYRTON STARWIN PLC
  • ECOBANK GHANA PLC
  • ENTERPRISE GROUP PLC
  • ECOBANK TRANSNATIONAL INCORPORATION
  • FAN MILK LIMITED
  • GHANA COMMERCIAL BANK LIMITED
  • GUINNESS GHANA BREWERIES PLC
  • GOIL PLC
  • MEGA AFRICAN CAPITAL LIMITED
  • MTN GHANA
  • PRODUCE BUYING COMPANY LTD
  • REPUBLIC BANK (GHANA) PLC
  • STANDARD CHARTERED BANK GHANA LTD
  • STANDARD CHARTERED BANK GHANA PLC
  • SIC INSURANCE COMPANY LIMITED
  • SOCIETE GENERALE GHANA LIMITED
  • SAM WOOD LTD
  • TRUST BANK LIMITED (THE GAMBIA)
  • TULLOW OIL PLC
  • TOTALENERGIES GHANA PLC
  • UNILEVER GHANA PLC
  • ATLANTIC LITHIUM LIMITED

More Details…

Listed Companies

  • 4SIGHT HOLDINGS LTD
  • ABSA GROUP LIMITED
  • ACCELERATE PROP FUND LTD
  • ACSION LIMITED
  • ADCOCK INGRAM HLDGS LTD
  • ADCORP HOLDINGS LIMITED
  • ADVTECH LTD
  • AECI LIMITED
  • AFINE INVESTMENTS LTD
  • AFRICAN & OVER ENT LTD
  • AFRICAN & OVER ENT LTD -N
  • AFRICAN DAWN CAPITAL LTD
  • AFRICAN MEDIA ENT LTD
  • AFRICAN RAINBOW CAP INV
  • AFRICAN RAINBOW MIN LTD
  • AFRIMAT LIMITED
  • AFROCENTRIC INV CORP LTD
  • AH-VEST LIMITED
  • ALARIS HOLDINGS LTD
  • ALEXANDER FORBES GRP HLDGS
  • ALPHAMIN RESOURCES CORP
  • ALTRON LIMITED A
  • ANGLO AMERICAN PLAT LTD
  • ANGLO AMERICAN PLC
  • ANGLOGOLD ASHANTI PLC
  • ANHEUSER-BUSCH INBEV SA NV
  • ARCELORMITTAL SA LIMITED
  • AREIT PROP LIMITED
  • ARGENT INDUSTRIAL LTD
  • ARROWHEAD PROP LTD A
  • ARROWHEAD PROP LTD B
  • ARROWHEAD PROPERTIES LTD
  • ASCENDIS HEALTH LTD
  • ASCENDIS HEALTH LTD NPL
  • ASPEN PHARMACARE HLDGS LTD
  • ASTORIA INVESTMENTS LTD
  • ASTRAL FOODS LTD
  • ATTACQ LIMITED
  • AVENG GROUP LIMITED
  • AVI LTD
  • AYO TECH SOLUTIONS LTD
  • BALWIN PROPERTIES LTD
  • BARLOWORLD LTD
  • BAUBA RESOURCES LIMITED
  • BAUBA RESOURCES LIMITED NPL
  • BEE – SASOL LIMITED
  • BELL EQUIPMENT LTD
  • BHP GROUP LIMITED
  • BID CORPORATION LTD
  • BIDVEST LTD
  • BLUE LABEL TELECOMS LTD
  • BOWLER METCALF LTD
  • BRAIT INV HLDGS LTD EB
  • BRAIT PLC
  • BRIKOR LTD
  • BRIMSTONE INV CORP LTD
  • BRIMSTONE INV CORP LTD-N
  • BRITISH AMERICAN TOB PLC
  • BUKA INVESTMENTS LIMITED
  • BURSTONE GROUP LIMITED
  • BYTES TECHNOLOGY GRP PLC
  • CA SALES HOLDINGS LTD
  • CAFCA LIMITED
  • CALGRO M3 HLDGS LTD
  • CAPITAL & REGIONAL PLC
  • CAPITAL APPRECIATION LTD
  • CAPITAL & COUNTIES PROP PLC
  • CAPITEC BANK HLDGS LTD
  • CASHBUILD LTD
  • CASTLEVIEW PROP FUND LTD
  • CAXTON CTP PUBLISH PRINT
  • CHOPPIES ENTERPRISES LTD
  • CHROMETCO LTD
  • CILO CYBIN HOLDINGS LTD
  • CITY LODGE HOTELS LTD
  • CLICKS GROUP LTD
  • CLIENTELE LTD
  • COLLINS PROPERTY GRP LTD
  • COMBINED MOTOR HLDGS LTD
  • COMPAGNIE FIN RICHEMONT
  • CONDUIT CAPITAL LTD
  • COPPER 360 LIMITED
  • CORONATION FUND MNGRS LD
  • CROOKES BROTHERS LTD
  • CURRO HOLDINGS LIMITED
  • DATATEC LTD
  • DELTA PROPERTY FUND LTD
  • DENEB INVESTMENTS LTD
  • DEUTSCHE KONSUM REIT-AG
  • DIPULA INCOME FUND B
  • DIS-CHEM PHARMACIES LTD
  • DISCOVERY LTD
  • DRA GLOBAL LTD
  • DRD GOLD LTD
  • E MEDIA HOLDINGS LTD
  • E MEDIA HOLDINGS LTD -N-
  • EASTERN PLATINUM LTD
  • ECSPONENT LIMITED
  • EFORA ENERGY LIMITED
  • ELLIES HOLDINGS LTD
  • EMIRA PROPERTY FUND LTD
  • ENX GROUP LIMITED
  • EOH HOLDINGS LTD
  • EPE CAPITAL PARTNERS LTD
  • EPE CAPITAL PARTNERS LTD NPL
  • EQUITES PROP FUND LTD
  • EUROPA METALS LIMITED
  • EXEMPLAR REITAIL LTD
  • EXXARO RESOURCES LTD
  • FAIRVEST LIMITED A
  • FAIRVEST LIMITED B
  • FAMOUS BRANDS LTD
  • FINBOND GROUP LTD
  • FIRESTONE ENERGY LIMITED
  • FIRSTRAND LTD
  • FORTRESS REAL EST INV A
  • FORTRESS REAL EST INV B
  • FRONTIER TRANSPORT HLDG LD
  • GAIA INFRASTRUCT CAP LTD
  • GEMFIELDS GROUP LIMITED
  • GLENCORE PLC
  • GLOBE TRADE CENTRE S.A.
  • GO LIFE INTERNATIONAL LD
  • GOLD FIELDS LTD
  • GRAND PARADE INV LTD
  • GRINDROD LTD
  • GRINDROD SHIPPING HLDG LTD
  • GROWTHPOINT PROP LTD
  • HAMMERSON PLC
  • HARMONY GM CO LTD
  • HERIOT REIT LIMITED
  • HOMECHOICE INT PLC
  • HOSKEN CONS INV LTD
  • HOSKEN PAX LOG AND RAIL
  • HUDACO INDUSTRIES LTD
  • HUGE GROUP LTD
  • HULAMIN LTD
  • HYPROP INV LTD
  • IMBALIE BEAUTY LIMITED
  • IMPALA PLATINUM HLGS LTD
  • INSIMBI IND HLDGS LTD
  • INVESTEC LTD
  • INVESTEC PLC
  • INVESTEC PROPERTY FUND LTD
  • INVICTA HOLDINGS LTD
  • ISA HOLDINGS LIMITED
  • ITALTILE LTD
  • JASCO ELECTRON HLDGS LTD NPL
  • JSE LTD
  • JUBILEE METALS GROUP PLC
  • KAL GROUP LIMITED
  • KAP LIMITED
  • KAROOOOO LTD
  • KIBO ENERGY PLC
  • KORE POTASH PLC
  • KUMBA IRON ORE LTD
  • LABAT AFRICA LTD
  • LESAKA TECHNOLOGIES INC
  • LEWIS GROUP LTD
  • LIBERTY HOLDINGS LTD
  • LIBERTY TWO DEGREES LTD
  • LIBSTAR HOLDINGS LTD
  • LIFE HEALTHC GRP HLDGS LTD
  • LIGHTHOUSE CAPITAL LTD NPL
  • LIGHTHOUSE PROPERTIES PLC
  • LONDON FIN INV GROUP PLC
  • MAHUBE INFRASTRUCTURE LTD
  • MANTENGU MINING LIMITED
  • MARSHALL MONTEAGLE PLC
  • MAS P.L.C
  • MASTER DRILLING GRP LTD
  • MC MINING LIMITED
  • MERAFE RESOURCES LTD
  • METAIR INVESTMENTS LTD
  • METROFILE HOLDINGS LTD
  • MIDDLE EAST DIAMOND RES LD
  • MINE RESTORATION INV LTD
  • MOMENTUM GROUP LIMITED
  • MONDI PLC
  • MONTAUK RENEWABLES INC
  • MOTUS HOLDINGS LTD
  • MPACT LIMITED
  • MR PRICE GROUP LTD
  • MTN GROUP LTD
  • MTN ZAKHELE FUTHI
  • MULTICHOICE GROUP LTD
  • MURRAY & ROBERTS HLDGS
  • MUSTEK LTD
  • NAMPAK LTD
  • NASPERS LTD -N-
  • NEDBANK GROUP LTD
  • NEPI ROCKCASTLE N.V.
  • NET 1 UEPS TECH INC
  • NETCARE LIMITED
  • NEWPARK REIT LTD
  • NICTUS LTD
  • NINETY ONE LIMITED
  • NINETY ONE PLC
  • NORTHAM PLATINUM HLDGS LTD
  • NORTHAM PLATINUM LTD
  • NOVUS HOLDINGS LIMITED
  • NU-WORLD HLDGS LTD
  • NUMERAL LIMITED
  • OANDO PLC
  • OASIS CRESCENT PROP FUND
  • OCEANA GROUP LTD
  • OCTODEC INVEST LTD
  • OLD MUTUAL LIMITED
  • OMNIA HOLDINGS LTD
  • ORION MINERALS LIMITED
  • OUTSURANCE GROUP LIMITED
  • PAN AFRICAN RESOURCE PLC
  • PBT GROUP LIMITED
  • PEPKOR HOLDINGS LTD
  • PICK N PAY STORES LTD
  • PICK N PAY STORES LTD NPL
  • POWERFLEET INC
  • PPC LIMITED
  • PREMIER GROUP LIMITED
  • PRIMARY HEALTH PROP PLC
  • PRIMESERV GROUP LTD
  • PROSUS N.V.
  • PSG FIN SERVICES LTD
  • PSV HOLDINGS LTD
  • PURPLE GROUP LTD
  • PUTPROP LTD
  • QUANTUM FOODS HLDGS LTD
  • QUILTER PLC
  • RAINBOW CHICKEN LIMITED
  • RAND MERCHANT INV HLDGS LTD
  • RAUBEX GROUP LTD
  • RCL FOODS LIMITED
  • REBOSIS PROPERTY FUND LTD
  • REBOSIS PROPERTY FUND LTD A
  • REDEFINE PROPERTIES LTD
  • REINET INVESTMENTS S.C.A
  • REMGRO LTD
  • RENERGEN LIMITED
  • RENERGEN LIMITED NPL
  • RESILIENT REIT LIMITED
  • REUNERT LTD
  • REX TRUEFORM GROUP -N-
  • REX TRUEFORM GROUP LTD
  • RFG HOLDINGS LIMITED
  • RH BOPHELO LIMITED
  • RMB HOLDINGS LTD
  • SA CORP REAL ESTATE LTD
  • SAB ZENZELE KABILI
  • SABLEEXPLORATION&MINING
  • SABVEST CAPITAL LIMITED
  • SAFARI INVESTMENTS RSA LTD
  • SALUNGANO GROUP LIMITED
  • SANLAM LIMITED
  • SANTAM LIMITED
  • SANTOVA LIMITED
  • SAPPI LTD
  • SAPPISOUTHERNAFRICALTDCB
  • SASFIN HOLDINGS LTD
  • SASOL LIMITED
  • SCHRODER EUR REIT PLC
  • SEA HARVEST GROUP LTD
  • SEBATA HOLDINGS LTD
  • SEPHAKU HOLDINGS LTD
  • SHAFTESBURY CAPITAL PLC
  • SHOPRITE HOLDINGS LTD
  • SIBANYE STILLWATER LTD
  • SIRIUS REAL ESTATE LTD
  • SOUTH OCEAN HOLDINGS LTD
  • SOUTH32 LIMITED
  • SOUTHERN PALLADIUM LTD
  • SOUTHERN SUN LTD
  • SPEAR REIT LIMITED
  • SPUR CORPORATION LTD
  • STADIO HOLDINGS LIMITED
  • STANDARD BANK GROUP LTD
  • STEFANUTTI STCK HLDGS LTD
  • STENPROP LIMITED
  • STOR-AGE PROP REIT LTD
  • SUN INTERNATIONAL LTD
  • SUPER GROUP LTD
  • SYGNIA LIMITED
  • TASTE HLDGS LTD
  • TELEMASTER HOLDINGS LTD
  • TELKOM SA SOC LTD
  • TEXTON PROPERTY FUND LTD
  • THARISA PLC
  • THE FOSCHINI GROUP LIMITED
  • THE FOSCHINI GROUP LIMITED NPL
  • THE SPAR GROUP LTD
  • THUNGELA RESOURCES LTD
  • TIGER BRANDS LTD
  • TONGAAT HULETT LTD
  • TRADEHOLD LTD
  • TRANSACTION CAPITAL LTD
  • TRANSCEND RES PROP FD LD
  • TRANSPACO LTD
  • TRELLIDOR HLDGS LTD
  • TREMATON CAPITAL INV LTD
  • TRENCOR LTD
  • TRUSTCO GROUP HLDGS LTD
  • TRUWORTHS INT LTD
  • TSOGO SUN HOTELS LTD
  • TSOGO SUN LIMITED
  • UNIVERSAL PARTNERS LTD
  • VISUAL INTERNATIONAL HLDGS LTD
  • VODACOM GROUP LTD
  • VUKILE PROPERTY FUND LTD
  • VUNANI LTD
  • WE BUY CARS HLDS LTD
  • WESCOAL HOLDINGS LTD
  • WESIZWE PLATINUM LTD
  • WG WEARNE LTD
  • WILSON BAYLY HLM-OVC LTD
  • WOOLWORTHS HOLDINGS LTD
  • WORKFORCE HOLDINGS LTD
  • YEBOYETHU (RF) LTD
  • YORK TIMBER HOLDINGS LTD
  • ZEDA LIMITED
  • ZEDER INV LTD

More Details…

Listed Companies

  • AFDIS DISTILLERS LIMITED
  • AMALGAMATED REGIONAL TRADING (ART) HOLDINGS LIMITED
  • ARISTON HOLDINGS LIMITED
  • BRIDGEFORT CAPITAL LIMITED
  • BRIDGEFORT CAPITAL LIMITED CLASS B
  • BRITISH AMERICAN TOBACCO ZIMBABWE LIMITED
  • CAFCA LIMITED
  • CBZ HOLDINGS LIMITED
  • CFI HOLDINGS LIMITED
  • DAIRIBORD HOLDINGS LIMITED
  • DELTA CORPORATION LIMITED
  • ECOCASH HOLDINGS ZIMBABWE LIMITED
  • ECONET WIRELESS ZIMBABWE LIMITED
  • FBC HOLDINGS LIMITED
  • FIDELITY LIFE ASSURANCE LIMITED
  • FIRST MUTUAL HOLDINGS LIMITED
  • FIRST MUTUAL PROPERTIES LIMITED
  • GENERAL BELTINGS HOLDINGS LIMITED
  • HIPPO VALLEY ESTATES LIMITED
  • MASHONALAND HOLDINGS LIMITED
  • MASIMBA HOLDINGS LIMITED
  • MEIKLES LIMITED
  • NAMPAK ZIMBABWE LIMITED
  • NATIONAL TYRE SERVICES LIMITED
  • NMBZ HOLDINGS LIMITED
  • OK ZIMBABWE LIMITED
  • PROPLASTICS LIMITED
  • RAINBOW TOURISM GROUP LIMITED
  • RIOZIM LIMITED
  • SEED CO LIMITED
  • STARAFRICACORPORATION LIMITED
  • TANGANDA TEA COMPANY LIMITED
  • TSL LIMITED
  • TURNALL HOLDINGS LIMITED
  • UNIFREIGHT AFRICA LIMITED
  • WILLDALE LIMITED
  • ZB FINANCIAL HOLDINGS LIMITED
  • ZECO HOLDINGS LIMITED
  • ZIMBABWE NEWSPAPERS (1980) LIMITED
  • ZIMRE HOLDINGS LIMITED

Listed Companies

44 Sight Holdings Ltd
Absa Group Limited
Accelerate Prop Fund Ltd
Acsion Limited
Adcock Ingram Hldgs Ltd
Adcorp Holdings Limited
ADv TECH Ltd
AECI Limited
Afine Investments Ltd
African & Over Ent Ltd
African & Over Ent Ltd-N
African Dawn Capital Ltd
African Media Ent Ltd
African Rainbow Cap Inv
African Rainbow Min Ltd
Afrimat Limited
AfroCentric Inv Corp Ltd
AH-Vest Limited
Alaris Holdings Ltd
Alaris Holdings Ltd
Alexander Forbes Grp Hldgs
Alphamin Resources Corp
Altron Limited A
Anglo American Plat Ltd
Anglo American plc
Anglo Gold Ashanti plc
Anheuser-Busch InBev SA NV
Arcelor Mittal SA Limited
AREITPROP LIMITED
Argent Industrial Ltd
Arrowhead Prop Ltd A
Arrow head Prop Ltd B
Arrow head Properties Ltd
Ascendis Health Ltd
Ascendis Health Ltd NPL
Aspen Pharma care Hldgs Ltd
Astoria Investments Ltd
Astral Foods Ltd
Attacq Limited
Aveng Group Limited
AVI Ltd
Ayo Tech Solutions Ltd
Balwin Properties Ltd
Barlo world Ltd
Bauba Resources Limited
Bauba Resources Limited NPL
BEE-Sasol Limited
Bell Equipment Ltd
BHP Group Limited
BID Corporation Ltd
Bidvest Ltd
Blue Label Telecoms Ltd
Bowler Met calf Ltd
Brait Inv Hldgs Ltd EB
Brait PLC
Brikor Ltd
Brimstone Inv Corp Ltd
Brimstone Inv Corp Ltd-N
British American Tob plc
Buka Invest
Renergen Limited
Renergen Limited NPL
Resilient REIT Limited
Reunert Ltd
Rex Trueform Group – N
Rex Trueform Group Ltd
RFG Holdings Limited
RH Bophelo Limited
RMB Holdings Ltd
SA Corp Real Estate Ltd
SAB Zenzele Kabili
SableExploration & Mining
Sabvest Capital Limited
Safari Investments RSA Ltd
Salungano Group Limited
Sanlam Limited
Santam Limited
Santova Limited
Sappi Ltd
SappiSouthernAfricaLtdCB
Sasfin Holdings Ltd
Sasol Limited
Schroder Eur REIT plc
Sea Harvest Group Ltd
Sebata Holdings Ltd
Sephaku Holdings Ltd
Shaftesbury Capital plc
Shoprite Holdings Ltd
Sibanye Stillwater Ltd
Sirius Real Estate Ltd
South Ocean Holdings Ltd
South32 Limited
Southern Palladium Ltd
Southern Sun LTD
Spear REIT Limited
Spur Corporation Ltd
Stadio Holdings Limited
Standard Bank Group Ltd
Stefanutti Stck Hldgs Ltd
Stenprop Limited
Stor-Age Prop REIT Ltd
Sun International Ltd
Super Group Ltd
Sygnia Limited
Taste Hldgs Ltd
Telemaster Holdings Ltd
Telkom SA SOC Ltd
Texton Property Fund Ltd
Tharisa plc
The Foschini Group Limited
The Foschini Group Limited NPL
The Spar Group Ltd
Thungela Resources Ltd
Tiger Brands Ltd
Tongaat Hulett Ltd
Tradehold Ltd
Transaction Capital Ltd
Transcend Res Prop Fd Ld
Transpaco Ltd
Trellidor Hldgs Ltd
Trematon Capital Inv Ltd
Trencor Ltd
Trustco Group Hldgs Ltd
Truworths Int Ltd
Tsogo Sun Hotels LTD
Tsogo Sun Limited
Universal Partners Ltd
Visual International Hldgs Ltd
Vodacom Group Ltd
Vukile Property Fund Ltd
Vunani Ltd
We Buy Cars Hlds Ltd
Wescoal Holdings Ltd
Wesizwe Platinum Ltd
WG Wearne Ltd
Wilson Bayly Hlm-Ovc Ltd
Woolworths Holdings Ltd
Workforce Holdings Ltd
YeboYethu (RF) Ltd
York Timber Holdings Ltd
Zeda Limited
Zeder Inv Ltd

Internationals Markets

USA —  60,006.73

OTCMKTS —  +11,887.57 (+3.25%)

FWB —  30.89

TADAWUL —  +1.03 (+3.45%)

TSE —  +56.73 (+1.81%)

HKSE —  145.00

SSE —  +5.63 (+4.04%)

BSE —  81,888.19

Internationals Listings

Apple —  +5.63 (+4.04%)

Microsoft —  81,888.19

Novo Nordisk —  2,575.88 (+3.25%)

LVMH —  60,006.73

NVIDIA —  30.89

Accenture —  +1.03 (+3.45%)

TSMC —  3,194.80

TotalEnergies —  +56.73 (+1.81%)

Saudi Aramco —  145.00

Meta Platforms (Facebook) —  81,888.19

Tesla —  2,575.88 (+3.25%)

Screener

Johannesburg Stock Exchange

Nigerian Stock Exchange

Egyptian Exchange

Nairobi Securities Exchange

ETEL (Telecom Egypt)

GTHE (Global Telecom Holding)

OTMT (Orascom Investment Holding)

NPN  (Naspers Ltd)

TKG (Telkom SA SOC Ltd)

VOD (Vodafone Group Plc)

  • Exchange
    • Performance

      Headlines

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      Vodacom Group grew its revenue 1.5% to R36.2 billion in its first quarter to June 30, but revenue growth of its financial service offerings across Africa was much stronger.

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      South Africa’s central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog’s…

      Reuters • March 13, 2024

      Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday.

      African Development Bank Group • February 16, 2024

      Kenya’s government has scrapped some proposed taxes in this year’s controversial finance bill, including a 16% levy on bread, after a public outcry.

      BBC •

      In sub-Saharan Africa, one of the world’s most exciting emerging markets, AI innovators are helping everyone from small farmers to a rising generation of young workers to…

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      Title of the News

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      Company Name • Date

      Business

      Interviews

      International Markets

      US

      S&P 500
      11.03

      Dow Jones
      96.7

      Nasdaq
      37.22

      NYSE Composite
      47.2

      Russell 2000
      5

      Europe

      FTSE 100
      59

      IBEX 35
      23

      DAX
      22

      CAC 40
      7

      Asia

      S&P/ASX 200
      12

      CSI 1000
      23

      FTSE China 50
      13

      BSE Sensex
      21

      Nikkei 225
      10

      NZX 50
      8

      KOSPI
      2

      Americas (Non-US)

      Bovespa
      55

      S&P/TSX
      12

      FTSE BIVA Real Time Price
      57

      S&P Merval
      11

      Middle East

      Bahrain All Share
      2

      EGX 30
      13

      TA 35
      4

      Main Market 50
      11

      QE General
      9

      MSCI TADAWUL 30
      22

      DFM General
      11

      Currencies

      Nigerian Naira  —  60,006.73

      Angolan Kwanza  —  +1,887.57

      Kenyan Shilling    —  30.89

      Algerian Dinar  —  +1.03(+3.45)

      Egyptian Pound  —  3,194.00

      Ethiopian Birr  —  145.00

      Zambian Kwacha  —  +5.63 (+4.04)

      Moroccan Dirham  —  81,888.19

      Mauritanian Ouguiya  —  2.575.88 (+3.25)

      Djiboutian Franc —  60,006.73

      Somali Shilling  —  +1,887.57(+.2)

      Sudanese Pound  —  30.89

      US Dollar  —  +56.73 (+1.81)

      Euro  —  145.00

      Markets Overview

      South Africa

      Nigeria

      Egypt

      Kenya

      Markets Overview

      Africa

      Asia

      Europe

      North America

      Oceania

      South America

      Currencies

      Commodities

      International

      Commodities

      Gold —  60,006.73

      Silver—  +1887.57 (+3.25)

      Coffee —  30.89

      Cocoa —  +1.03 (+3.45)

      Oil —  +56.73 (+1.81)

      Cobalt —  145.00

      Copper —  +5.63 (+4.04)

      Coal—  81,888.19

      Uranium —  2.575.88 (+3.285)

      Lumber —  528.08

      Natural Gas —  2.4837

      Steel Scrap —  248.0

      Tin —  32,396

      Zinc —  3,073.50

      Nickel —  17,384

      Lumber
      Natural Gas
      Steel Scrap
      Tin
      Zinc
      Nickel

      Central Banks

      Bank of Central African States 
      Central African CFA franc

      Bank of Algeria
      Algerian dinar

      Bank of Botswana
      Botswana pula

      Bank of Cape Verde
      Cape Verdean escudo

      Central Bank of Djibouti
      Djiboutian franc

      Central Bank of Egypt
      Egyptian pound

      Bank of Eritrea
      Eritrean nakfa

      Bank of Ghana
      Ghanaian cedi

      Central Bank of Kenya
      Kenyan shilling

      Central Bank of Liberia
      Liberian dollar

      Reserve Bank of Malawi
      Malawian kwacha

      Central Bank of Mauritania
      Mauritanian ouguiya

      Bank of Mauritius
      Mauritian rupee

      Bank Al-Maghrib
      Moroccan dirham

      Bank of Mozambique
      Mozambican metical

      Bank of Namibia
      Namibian dollar

      National Bank of São Tomé and Príncipe
      São Tomé and Príncipe dobra

      Central Bank of Seychelles
      Seychellois rupee

      Bank of Sierra Leone
      Sierra Leonean leone

      Central Bank of Somalia
      Somali shilling

      Bank of Somaliland
      Somaliland shilling

      South African Reserve Bank
      South African rand

      Bank of South Sudan
      South Sudanese pound

      Bank of Sudan
      Sudanese pound

      Bank of Tanzania
      Tanzanian shilling

      Bank of Uganda
      Ugandan shilling

      Bank of Zambia
      Zambian kwacha

      Screener

      Johannesburg Stock Exchange

      Nigerian Stock Exchange

      Egyptian Exchange

      Nairobi Securities Exchange

      ETEL (Telecom Egypt)

      GTHE (Global Telecom Holding)

      OTMT (Orascom Investment Holding)

      NPN  (Naspers Ltd)

      TKG (Telkom SA SOC Ltd)

      VOD (Vodafone Group Plc)

    • Exchange
      • Performance

        Screener

        • AIP (Adcock Ingram Holdings Ltd.)

        • ACS (Acsion Ltd.)

        • ADR (Adcorp Holdings Ltd.)

        • ADH (Advtech Ltd.)

        • AFE (AECI Ltd.)

        • AON (African & Overseas Enterprises Ltd. N)

        • ADW (ADW (African Dawn Capital Ltd. )

        • APF (Accelerate Property Fund Ltd)

        • TKG (Telkom SA SOC Ltd)

        • VOD (Vodafone Group Plc)

        • NPN  (Naspers Ltd)

        • UNITYBNK (United Bank PLC)

        • ETEL (Telecom Egypt)

        • GTHE (Global Telecom Holding)

        • OTMT (Orascom Investment Holding)

        • KQ (Kenya Airways Ltd)

        Markets Overview

        Africa

        Asia

        Currencies

        Commodities

        International

        Headlines

        At least six companies in Berkshire Hathaway’s portfolio are now benefiting from artificial intelligence (AI).

        Motley Fool • July 13, 2024

        I’m a Berkshire investor myself, and I don’t plan to go anywhere when Buffett is no longer part of the show. Should you?

        Yahoo Finance • July 14, 2024

        (Bloomberg) — Credit markets are breathing a sigh of relief after inflation data showed price pressures are cooling broadly, but a weakening economy poses fresh risks to corporate debt.

        Bloomberg • July 14, 2024

        Forecasts from major energy organizations on everything from peak oil to this year’s demand arr all over the map. That makes thins tough on investors, policy makers…

        Barrons.com • July 12, 2024

        Africa Policy Research Private Institute • 11 Nov 2024

        Carnegie Endowment For International Peace • 12 Nov 2024

        Financial Times • 30 Oct 2024

        Bloomberg Media Studios • 25 Oct 2024

        Zimbabwe’s consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African…

        CNBC Africa • 25 Oct 2024

        A Kenyan court has halted a $736 million government deal with India’s Adani Group to build and operate high-voltage power transmission lines. The Adani Group…

        Africa Business Insider • 26 October 2024

        Nigeria’s central bank Governor Olayemi Cardoso said the country was confident of attracting $1 billion in monthly remittances from overseas citizens, according to Thisday newspaper…

        Bloomberg • October 27, 2024

        Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting…

        Financial Times

        South African lender FirstRand (FSRJ.J), opens new tab will appeal to the UK’s Supreme Court a London court ruling that motor finance brokers must fully inform customers…

        Reuters • October 25, 2024

        The African Union Private Sector Forum(AUPSF) was institutionalized by the Executive Council of ministers in 2008,with the objective to create a platform for dialogue and…

        African Union • October 31, 2024 to November 02, 2024

        BHP chief executive Mike Henry met government officials in South Africa last week, fuelling speculation that the Australian miner will resurrect its failed £39bn bid for…

        Financial Times • October 16, 2024

        The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for the continent’s development needs…

        African Development Bank Group • July 23, 2024

        Now in its eighth year, the Absa Africa Financial Markets Index evaluates the financial development of African countries based on key measures of…

        UN Economic Commission for Africa •

        Safaricom expands M-PESA Global to Ethiopia, enabling faster, affordable cross-border transfers, boosting financial integration and economic collaboration.

        TechAfrica News • October 15, 2024

        The financial services platform Mukuru has announced the launch of the Mukuru Wallet, a new mobile wallet in Malawi.

        IT News Africa • October 14, 2024

        Kenya’s fintech sector reflects an 81% surge in start-ups between 2021 and 2022, positioning Nairobi as a focal point in the global start-up ecosystem index. As fintech gains mainstream…

        Financial Fortune Media • October 17,2024

        The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due to the destruction of Sudan’s economy in a civil war.

        Reuters • October 14, 2024

        A coalition of oil-producing African countries is seeking $5bn to launch an “energy bank” that would fund projects on the continent, as frustration grows over…

        Financial Times • October 13, 2024

        Somali and Ethiopian diplomats descended on Turkey’s capital this month for talks aimed at ending a bitter row that has threatened to ignite a war between the east African countries.

        Financial Times • August 27, 2024

        The African Development Bank and Absa Group, one of Africa’s leading financial services providers, today celebrated a landmark agreement to mark the execution of…

        African Development Bank Group • October 14, 2024

        South Africa’s former finance and labour minister and first Black central bank governor Tito Mboweni has died aged 65 following a brief illness, the presidency said late on Saturday.

        Reuters • October 13, 2024

        Bloomberg Media Initiative Africa (BMIA) today announced the launch of its Financial Journalism Training (FJT) program in Ethiopia at a ceremony attended…

        Bloomberg • September 17, 2024

        Protests over an unpopular finance bill have led to the deaths of at least five people in Kenya, with part of the parliament building set alight.

        BBC •

        Close to 60 countries, as well as companies and development institutions, gather in Paris to channel unprecedented resources towards addressing a challenge affecting…

        International Energy Agency • May 14, 2024

        Vodacom Group grew its revenue 1.5% to R36.2 billion in its first quarter to June 30, but revenue growth of its financial service offerings across Africa was much stronger.

        IOL • July 25, 2024

        The annual Deloitte Africa Restructuring Survey reinforces the importance of effective governance and robust financial controls to ensure business distress is…

        Deloitte • April 18, 2024

        Seeking to bring South Africa to its knees almost amounts to self-sabotage for the US. We were a key driver in the formulation of the African Continental Free Trade Agreement and…

        Financial Times • April 5, 2024

        South Africa’s central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog’s…

        Reuters • March 13, 2024

        Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday.

        African Development Bank Group • February 16, 2024

        Kenya’s government has scrapped some proposed taxes in this year’s controversial finance bill, including a 16% levy on bread, after a public outcry.

        BBC •

        In sub-Saharan Africa, one of the world’s most exciting emerging markets, AI innovators are helping everyone from small farmers to a rising generation of young workers to…

        The Atlantic • 2023

        A global baby bust is slowing growth in every major economy, from China and Japan to Germany and the US. But the flip side of this story goes untold: even economies that…

        Financial Times • December 18 2023

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        Company Name • Date

        Business

        Interviews

        International Markets

        US

        S&P 500
        11.03

        Dow Jones
        96.7

        Nasdaq
        37.22

        NYSE Composite
        47.2

        Russell 2000
        5

        Europe

        FTSE 100
        59

        IBEX 35
        23

        DAX
        22

        CAC 40
        7

        Asia

        S&P/ASX 200
        12

        CSI 1000
        23

        FTSE China 50
        13

        BSE Sensex
        21

        Nikkei 225
        10

        NZX 50
        8

        KOSPI
        2

        Americas (Non-US)

        Bovespa
        55

        S&P/TSX
        12

        FTSE BIVA Real Time Price
        57

        S&P Merval
        11

        Middle East

        Bahrain All Share
        2

        EGX 30
        13

        TA 35
        4

        Main Market 50
        11

        QE General
        9

        MSCI TADAWUL 30
        22

        DFM General
        11

        Screener

        • AIP (Adcock Ingram Holdings Ltd.)

        • ACS (Acsion Ltd.)

        • ADR (Adcorp Holdings Ltd.)

        • ADH (Advtech Ltd.)

        • AFE (AECI Ltd.)

        • AON (African & Overseas Enterprises Ltd. N)

        • ADW (ADW (African Dawn Capital Ltd. )

        • APF (Accelerate Property Fund Ltd)

        • TKG (Telkom SA SOC Ltd)

        • VOD (Vodafone Group Plc)

        • NPN  (Naspers Ltd)

        • UNITYBNK (United Bank PLC)

        • ETEL (Telecom Egypt)

        • GTHE (Global Telecom Holding)

        • OTMT (Orascom Investment Holding)

        • KQ (Kenya Airways Ltd)

        Markets

        More Details…

        More Details…

        Listed Companies

        • ACCESS BANK BOTSWANA LIMITED
        • ABSA BANK OF BOTSWANA LIMITED
        • BOTSWANA INSURANCE HOLDINGS LIMITED
        • BOTSWANA TELECOMMUNICATIONS CORPORATION LIMITED
        • CHOBE HOLDINGS LIMITED
        • CHOPPIES ENTERPRISES LIMITED
        • CRESTA MARAKANELO LIMITED
        • ENGEN BOTSWANA LIMITED
        • FIRST NATIONAL BANK BOTSWANA LIMITED
        • THE FAR PROPERTY COMPANY LIMITED
        • G4S BOTSWANA LIMITED
        • LETLOLE LA RONA LIMITED
        • LETSHEGO HOLDINGS LIMITED
        • MINERGY LIMITED
        • NEW AFRICAN PROPERTIES LIMITED
        • TURNSTAR HOLDINGS LIMITED
        • STANDARD CHARTERED BOTSWANA LIMITED
        • SEFALANA HOLDING COMPANY LIMITED
        • SEEDCO INTERNATIONAL LIMITED
        • SECHABA BREWERY HOLDINGS LIMITED
        • RDC PROPERTIES LIMITED
        • PRIMETIME PROPERTY HOLDINGS LIMITED
        • OLYMPIA CAPITAL CORPORATION (BOTSWANA) LIMITED
        • BOTSWANA DIAMONDS PLC
        • TLOU ENERGY
        • SHUMBA ENERGY LIMITED
        • INVESTEC LIMITED
        • CA SALES HOLDINGS LIMITED
        • ANGLO AMERICAN PLC
        • LUCARA DIAMOND CORP

        More Details…

        Listed Companies

        • AB
        • AETECH
        • AIR LIQUDE TSIE
        • ALKIMIA
        • ARTES
        • ASS. MAGHREBIA VIE
        • ASSAD
        • ASTREE
        • ATB
        • ATL
        • ATTIJARI BANK
        • ATTIJARI LEASING
        • ASSURANCES MAGHRÉBIA
        • BEST LEASE
        • BH
        • BH LEASING
        • BIAT
        • BNA
        • BT
        • BTE
        • BH-ASSURANCE
        • CARTHAGE CEMENT
        • CELLCOM
        • CIL
        • CIMENTS DE BIZERTE
        • CITY CARS
        • DELICE HOLDING
        • ELECTROSTAR
        • ENNAKL AUTOMOBILES
        • ESSOUKNA
        • EURO-CYCLES
        • GIF-FILTER
        • HANNIBAL LEASE
        • ICF
        • LAND OR
        • MAGASIN GENERAL
        • MIP
        • MONOPRIX
        • MPBS
        • NEW BODY LINE
        • ONE TECH HOLDING
        • OFFICEPLAST
        • PLAC. TSIE-SICAF
        • POULINA GP HOLDING
        • SAH
        • SAM
        • SANIMED
        • SFBT
        • SIAME
        • SIMPAR
        • SIPHAT
        • SITS
        • SMART TUNISIE
        • SOMOCER
        • SOTEMAIL
        • SOTETEL
        • SOTIPAPIER
        • SOTRAPIL
        • SOTUMAG
        • SOTUVER
        • SPDIT – SICAF
        • STA
        • STAR
        • STB
        • STIP
        • TAWASOL GROUP HOLDING
        • TELNET HOLDING
        • TPR
        • TUNINVEST-SICAR
        • TUNIS RE
        • TUNISAIR
        • TUNISIE LEASING ET FACTORING
        • UADH
        • UBCI
        • UIB
        • UNIMED
        • WIFAK INTERNATIONAL BANK

        More Details…

        Listed Companies

        • SERVAIR ABIDJAN COTE D’IVOIRE
        • BICI COTE D’IVOIRE
        • BERNABE COTE D’IVOIRE
        • BANK OF AFRICA BENIN
        • BANK OF AFRICA BURKINA FASO
        • BANK OF AFRICA COTE D’IVOIRE
        • BANK OF AFRICA MALI
        • BANK OF AFRICA NIGER
        • BANK OF AFRICA SENEGAL
        • SICABLE COTE D’IVOIRE
        • CORIS BANK INTERNATIONAL BURKINA FASO
        • CFAO MOTORS COTE D’IVOIRE
        • CIE COTE D’IVOIRE
        • ECOBANK COTE D’IVOIRE
        • ECOBANK TRANSNATIONAL INCORPORATED TOGO
        • FILTISAC COTE D’IVOIRE
        • NEI-CEDA COTE D’IVOIRE
        • NSIA BANQUE COTE D’IVOIRE
        • NESTLE COTE D’IVOIRE
        • ONATEL BURKINA FASO
        • ORANGE COTE D’IVOIRE
        • ORAGROUP TOGO
        • PALM COTE D’IVOIRE
        • TRACTAFRIC MOTORS COTE D’IVOIRE
        • SAFCA COTE D’IVOIRE
        • SUCRIVOIRE COTE D’IVOIRE
        • SODE COTE D’IVOIRE
        • AFRICA GLOBAL LOGISTICS COTE D’IVOIRE
        • EVIOSYS PACKAGING SIEM COTE D’IVOIRE
        • SOCIETE GENERALE COTE D’IVOIRE
        • VIVO ENERGY COTE D’IVOIRE
        • SOCIETE IVOIRIENNE DE BANQUE COTE D’IVOIRE
        • SICOR COTE D’IVOIRE
        • AIR LIQUIDE COTE D’IVOIRE
        • SOLIBRA COTE D’IVOIRE
        • SMB COTE D’IVOIRE
        • SONATEL SENEGAL
        • SOGB COTE D’IVOIRE
        • SAPH COTE D’IVOIRE
        • SETAO COTE D’IVOIRE
        • SITAB COTE D’IVOIRE
        • MOVIS COTE D’IVOIRE
        • TOTALENERGIES MARKETING COTE D’IVOIRE
        • TOTALENERGIES MARKETING SENEGAL
        • TRITURAF STE EN LIQUID
        • UNILEVER COTE D’IVOIRE
        • UNIWAX COTE D’IVOIRE

        More Details…

        Listed Companies

        • BANCO COMERCIAL ATLÂNTICO, SA
        • CAIXA ECONÓMICA DE CABO VERDE, SA
        • ENACOL
        • CAPE VERDEAN TOBACCO SOCIETY, SA

        More Details…

        More Details…

        Listed Companies

        • ZAMBIA REINSURANCE PLC
        • COPPERBELT ENERGY CORPORATION PLC
        • AECI MINING EXPLOSIVES PLC
        • ZAMBEEF PLC
        • ZAMBIA BREWERIES PLC
        • ZAMBIA CONSOLIDATED COPPER MINES – INVESTMENT HOLDING PLC
        • NATIONAL BREWERIES PLC
        • SHOPRITE HOLDINGS PLC
        • ZAMBIA SUGAR PLC
        • CHILANGA CEMENT PLC
        • MADISON FINANCIAL SERVICES PLC
        • PUMA ENERGY PLC
        • INVESTRUST BANK PLC
        • AIRTEL NETWORKS PLC
        • STANDARD CHARTERED BANK ZAMBIA PLC
        • BRITISH AMERICAN TOBACCO ZAMBIA PLC
        • ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC
        • BATA ZAMBIA PLC
        • REAL ESTATE INVESTMENT ZAMBIA PLC
        • ZAMBIA NATIONAL COMMERCIAL BANK PLC
        • TAJ PAMODZI HOTEL PLC
        • METAL FABRICATORS OF ZAMBIA PLC

        More Details…

        Listed Companies

        • AIRTEL MALAWI PLC
        • BLANTYRE HOTELS PLC
        • FDH BANK PLC
        • FMB CAPITAL HOLDINGS PLC
        • ICON PROPERTIES PLC
        • ILLOVO SUGAR MALAWI PLC
        • MPICO PLC
        • NATIONAL BANK OF MALAWI
        • NBS BANK PLC
        • NICO HOLDINGS PLC
        • NATIONAL INVESTMENT TRUST PLC
        • OLD MUTUAL LIMITED
        • PRESS CORPORATION PLC
        • STANDARD BANK MALAWI PLC
        • SUNBIRD TOURISM PLC
        • TELEKOM NETWORKS MALAWI PLC

        More Details…

        More Details…

        Listed Companies

        • EMOSE
        • HCB
        • TROPIGALIA, SA
        • CDM
        • CMH
        • ARKO SEGUROS
        • REVIMO
        • ZAYA GROUP, S.A.
        • ZERO INVESTIMENTOS
        • PAYTECH
        • TOUCH PUBLICIDADE
        • MOZAMBIQUE WEIYUE INTERNATIONAL HOLDING, S.A.
        • ARCO INVESTIMENTOS
        • 2BUSINESS

        More Details…

        More Details…

        Listed Companies

        • DOUJA PROMOTION GROUPE ADDOHA SA
        • ALLIANCES DEVELOPPEMENT IMMOBILIER SA
        • AFRIC INDUSTRIES SA
        • AFMA SA
        • AGMA
        • AKDITAL
        • ALUMINIUM DU MAROC
        • ARADEI CAPITAL
        • AUTO HALL
        • ATLANTASANAD
        • ATTIJARIWAFA BANK
        • BALIMA
        • BANQUE MAROCAINE POUR LE COMMERCE ET L’INDUSTRIE
        • BANQUE CENTRALE POPULAIRE
        • BANK OF AFRICA
        • CDM
        • CFG Bank
        • CREDIT IMMOBILIER ET HOTELIER
        • CIMENTS DU MAROC
        • COMPAGNIE MINIERE DE TOUISSIT
        • COLORADO
        • CARTIER SAADA
        • COSUMAR
        • COMPAGNIE DE TRANSPORT AU MAROC
        • DELTA HOLDING
        • DIAC SALAF
        • DELATTRE LEVIVIER
        • DARI COUSPATE
        • DISWAY
        • DISTY TECHNOLOGIES
        • EQDOM
        • FENIE BROSSETTE
        • AFRIQUIA GAZ
        • HIGHTECH PAYMENT SYSTEMS
        • ITISSALAT AL-MAGHRIB
        • IB MAROC.COM SA
        • IMMORENTE INVEST
        • INVOLYS
        • JET CONTRACTORS
        • LABEL VIE
        • LESIEUR CRISTAL
        • LAFARGEHOLCIM MAROC
        • M2M Group
        • MAGHREBAIL
        • MED PAPER
        • MICRODATA
        • MAROC LEASING
        • MANAGEM
        • MAGHREB OXYGENE
        • SOCIETE D’EXPLOITATION DES PORTS – MARSA MAROC
        • MUTANDIS SCA
        • AUTO NEJMA
        • ENNAKL AUTOMOBILES
        • SOCIETE LES EAUX MINERALES D’OULMES
        • SOCIETE DE PROMOTION PHARMACEUTIQUE DU MAGHREB S.A.
        • RESIDENCES DAR SAADA
        • REBAB COMPANY
        • RISMA
        • SOCIETE MAGHREBINE DE MONETIQUE
        • SANLAM MAROC
        • SAMIR
        • SOCIETE DES BOISSONS DU MAROC
        • SOCIETE NATIONALE DE SIDERURGIE SA
        • SALAFIN
        • SOCIETE METALLURGIQUE D’IMITER
        • STOKVIS NORD AFRIQUE
        • SOCIETE NATIONALE D ELECTROLYSE ET DE PETROCHIMIE
        • SOCIETE DE THERAPEUTIQUE MAROCAINE
        • SOCIETE DE REALISATIONS MECANIQUES
        • STROC INDUSTRIE
        • TRAVAUX GENERAUX DE CONSTRUCTION DE CASABLANCA
        • TOTALENERGIES MARKETING MAROC
        • TAQA MOROCCO
        • UNIMER
        • WAFA ASSURANCE
        • ZELLIDJA S.A

        More Details…

        Listed Companies

        • SEMC: SOCIETE DES EAUX MINERALES DU CAMEROUN
        • SAFACAM: SOCIETE AFRICAINE FORESTIERE ET AGRICOLE DU CAMEROUN
        • SOCAPALM: SOCIETE CAMEROUNAISE DE PALMERAIES
        • SIAT GABON: SOCIETE D’INVESTISSEMENT POUR
        • L’AGRICULTURE TROPICALE GABON
        • LA RÉGIONALE D’EPARGNE ET DE CRÉDIT
        • BANGE: BANQUE NATIONALE DE GUINÉE-ÉQUATORIALE
        • SCG-RÉ: SOCIÉTÉ COMMERCIALE GABONAISE DE RÉASSURANCE

        More Details…

        Listed Companies

        • DAR ES SALAAM STOCK EXCHANGE
        • CRDB BANK PLC
        • DCB COMMERCIAL BANK PLC
        • EAST AFRICAN BREWERIES LIMITED
        • JUBILEE HOLDINGS LIMITED
        • KENYA AIRWAYS LIMITED
        • KCB GROUP
        • MAENDELEO BANK PLC
        • NATIONAL INVESTMENT COMPANY LIMITED
        • NMB BANK PLC
        • NATION MEDIA GROUP
        • PRECISION AIR SERVICES PLC
        • SWISSPORT TANZANIA PLC
        • TANZANIA BREWERIES PLC
        • TANGA CEMENT PLC
        • TOL GASES LIMITED
        • SWALA GAS AND OIL
        • UCHUMI SUPERMARKETS LTD
        • MKOMBOZI COMMERCIAL BANK PLC
        • MWALIMU COMMERCIAL BANK PLC
        • YETU MICROFINANCE BANK
        • MUCOBA
        • VODACOM TANZANIA LIMITED
        • AFRIPRISE INVESTMENT PLC
        • JATU PLC
        • TANZANIA CIGARETTE COMPANY LTD
        • TANZANIA PORTLAND CEMENT PUBLIC LIMITED COMPANY

        More Details…

        Listed Companies

        • ALPHA NAMIBIA INDUSTRIES RENEWABLE ENERGY POWER LIMITED “ANIREP”
        • ANDRADA MINING LIMITED (FORMERLY AFRITIN MINING LIMITED)
        • ANGLO AMERICAN PLC
        • B2GOLD CORPORATION
        • BANNERMAN RESOURCES LIMITED
        • CAPRICORN GROUP LIMITED
        • CELSIUS RESOURCES LIMITED
        • DEEP YELLOW LIMITED
        • FIRSTRAND LTD
        • FIRSTRAND NAMIBIA LIMITED
        • FORSYS METALS CORPORATION
        • INVESTEC LIMITED
        • LETSHEGO HOLDINGS (NAMIBIA) LIMITED
        • MARENICA ENERGY LIMITED
        • MCUBE ONE INVESTMENT LTD
        • MEDICLINIC INTERNATIONAL PLC
        • MOBILE TELECOMMUNICATIONS LIMITED
        • MOMENTUM METROPOLITAN HOLDINGS
        • NAMIBIA ASSET MANAGEMENT LIMITED
        • NAMIBIA BREWERIES LIMITED
        • NEDBANK GROUP LIMITED
        • NICTUS HOLDINGS LIMITED
        • OCEANA GROUP LTD
        • OLD MUTUAL LTD
        • OMAJOWA PROPERTIES LTD
        • ORYX PROPERTIES LIMITED
        • OSINO RESOURCES CORP
        • PALADIN ENERGY LIMITED
        • PARATUS NAMIBIA HOLDINGS LIMITED
        • PSG KONSULT LIMITED
        • SANLAM LIMITED
        • SANTAM LIMITED
        • SBN HOLDINGS
        • SHOPRITE HOLDINGS LTD
        • STANDARD BANK GROUP LTD
        • STIMULUS INVESTMENTS LIMITED
        • TADVEST LIMITED
        • TRUSTCO GROUP HOLDINGS LIMITED
        • TRUWORTHS INTERNATIONAL LTD
        • VUKILE PROPERTY FUND LIMITED

        More Details…

        Listed Companies

        • 11 PLC
        • ACCESS BANK PLC
        • ACORN PETROLEUM PLC
        • AFRILAND PROPERTIES PLC
        • AG MORTGAGE BANK PLC
        • AIR LIQUIDE PLC
        • ARADEL HOLDINGS PLC
        • CAPITAL HOTELS PLC
        • CAPITAL BANCORP PLC
        • CITITRUST HOLDINGS PLC
        • COSTAIN (WEST AFRICA) PLC
        • CR SERVICES PLC
        • CENTRAL SECURITIES CLEARING SYSTEM (CSCS) PLC
        • DUFIL PRIMA FOODS PLC
        • FANMILK PLC
        • FREE RANGE FARMS PLC
        • FRIESLAND CAMPINA WAMCO NIGERIA PLC
        • FOOD CONCEPTS PLC
        • FIRSTTRUST MORTGAGE BANK PLC
        • FUMMAN AGRICULTURAL PRODUCTS PLC
        • GEO-FLUIDS PLC
        • GREAT NIGERIA INSURANCE PLC
        • GOLDEN CAPITAL PLC
        • INDUSTRIAL AND GENERAL INSURANCE PLC
        • IMPRESIT BAKOLORI PLC
        • THE INFRASTRUCTURE BANK PLC
        • INTERNATIONAL PACKING INDUSTRIES NIGERIA PLC
        • IPWA PLC
        • LAGOS BUILDING INVESTMENT COMPANY PLC
        • LIGHTHOUSE FINANCIAL SERVICES PLC
        • MASS TELECOMS INNOVATION PLC
        • MIXTA REAL ESTATE (NIGERIA) PLC
        • NASD PLC
        • NEWREST ASL NIGERIA PLC
        • NIPCO PLC
        • NIGERIA MORTGAGE REFINANCE COMPANY PLC
        • OKITIPUPA OIL PALM PLC
        • PURPLE REAL ESTATE INCOME PLC
        • RIGGS VENTURES WEST AFRICAN PLC
        • RESOURCERY PLC
        • UBN PROPERTY COMPANY PLC
        • VITAL PRODUCTS PLC

        More Details…

        Listed Companies

        • ABBEYBDS
        • ABCTRANS
        • ACADEMY
        • ACCESSCORP
        • AFRINSURE [MRF]
        • AFRIPRUD
        • AFROMEDIA [MRF]
        • AIICO
        • AIRTELAFRI
        • ALEX [BLS]
        • ASOSAVINGS [DIP]
        • AUSTINLAZ [DIP]
        • AVAIF
        • BAPLC
        • BERGER
        • BETAGLAS
        • BUACEMENT
        • BUAFOODS
        • CADBURY
        • CAP
        • CAPOIL [DIP]
        • CAVERTON
        • CHAMPION [BLS]
        • CHAMS
        • CHELLARAM [MRF]
        • CILEASING
        • CONHALLPLC
        • CONOIL
        • CORNERST [MRF]
        • CUSTODIAN
        • CUTIX
        • CWG
        • DAARCOMM
        • DANGCEM
        • DANGSUGAR
        • DEAPCAP [DWL]
        • DUNLOP [MRS]
        • EKOCORP [BMF]
        • ELLAHLAKES
        • ENAMELWA
        • ETERNA
        • ETI
        • ETRANZACT [BLS]
        • EUNISELL
        • FBNH
        • FCMB
        • FIDELITYBK
        • FIDSON
        • FLOURMILL
        • FTNCOCOA [RST]
        • GEREGU
        • GOLDBREW [BLS]
        • GOLDINSURE [DIP]
        • GTCO
        • GUINEAINS
        • GUINNESS
        • HONYFLOUR [BLS]
        • IKEJAHOTEL
        • IMG
        • INFINITY [BLS]
        • INTBREW [BLS]
        • INTENEGINS [RST]
        • JAIZBANK
        • JAPAULGOLD
        • JBERGER
        • JOHNHOLT
        • JULI
        • LASACO [MRF]
        • LEARNAFRCA
        • LINKASSURE
        • LIVESTOCK
        • LIVINGTRUST
        • MANSARD
        • MAYBAKER
        • MBENEFIT [MRF]
        • MCNICHOLS
        • MECURE
        • MEDVIEWAIR [DIP]
        • MEYER
        • MORISON
        • MRS
        • MTNN
        • MULTITREX [DWL]
        • MULTIVERSE
        • NAHCO
        • NASCON
        • NB
        • NCR
        • NEIMETH
        • NEM
        • NESTLE
        • NGXGROUP
        • NIDF
        • NNFM
        • NOTORE [BLS]
        • NPFMCRFBK [MRF]
        • NSLTECH
        • OANDO [MRF]
        • OKOMUOIL
        • OMATEK [RST]
        • PHARMDEKO [MRF]
        • PREMPAINTS [MRF]
        • PRESCO
        • PRESTIGE [BLS]
        • PZ
        • REDSTAREX
        • REGALINS [MRF]
        • RONCHESS
        • ROYALEX
        • RTBRISCOE
        • SCOA
        • SEPLAT
        • SFSREIT
        • SKYAVN
        • SMURFIT [MRF]
        • SOVRENINS
        • STACO [DIP]
        • STANBIC
        • STDINSURE [DIP]
        • STERLINGNG
        • SUNUASSUR
        • TANTALIZER
        • THOMASWY [MRS]
        • TIP
        • TOTAL
        • TOURIST [DIP]
        • TRANSCOHOT
        • TRANSCORP
        • TRANSEXPR
        • TRANSPOWER
        • TRIPPLEG
        • UACN
        • UBA
        • UCAP
        • UHOMREIT
        • UNHOMES [DIP]
        • UNILEVER
        • UNIONDICON [DIP]
        • UNITYBNK [MRF]
        • UNIVINSURE
        • UPDC [BLS]
        • UPDCREIT
        • UPL
        • VANLEER [DIP]
        • VERITASKAP
        • VFDGROUP
        • VITAFOAM
        • WAPCO
        • WAPIC
        • WEMABANK
        • ZENITHBANK

        More Details…

        Listed Companies

        • BK GROUP PLC
        • RH BOPHELO LTD
        • CIMERWA PLC
        • I&M BANK RWANDA
        • EQUITY BANK GROUP LTD
        • KENYA COMMERCIAL BANK
        • NATIONAL MEDIA GROUP
        • UCHUMI SUPER MARKET LTD
        • BRALIRWA
        • MTN RWANDACELL

        More Details…

        Listed Companies

        • AFREXIM DR (USD)
        • AFRICA CLEAN USD
        • AFRICURE
        • AGAPE GLOBAL
        • ALTEO LIMITED
        • ARINDO (USD)
        • ASCENCIA
        • ASL
        • ASTORIA (USD)
        • BAYPORT (USD)
        • BHI CLASS A PREF
        • BHI CLASS B PREF
        • BLUELIFE LIMITED
        • BMH LTD
        • CAUDAN
        • CIEL LIMITED
        • CIM FINANCIAL
        • CRYTEL USD
        • EMTEL LIMITED
        • ENL LTD ORD A
        • FINCORP
        • GAMMA CIVIC
        • GRITREAL-MUR
        • GRITREAL-USD
        • H. MALLAC
        • IBL LTD
        • INNODIS LTD
        • LOTTOTECH LTD
        • LUX ISLAND
        • MCB GROUP
        • MCBG PREF
        • MCFI
        • MDIT
        • MEDINE LTD
        • MOROIL
        • MUA LTD
        • NIT
        • NMH
        • NMH PREFERENCE
        • NUMERAL (USD)
        • OMNICANE LIMITED
        • PAD
        • PBL
        • PIM LIMITED
        • POLICY
        • PSG FIN (USD)
        • ROGERS
        • SANLAM (USD)
        • SBMH
        • SUN LIMITED
        • SWAN GENERAL LTD
        • TADVEST (USD)
        • TERRA
        • TRANSSWITCH (USD)
        • UBP
        • UNITED DOCKS LTD
        • UNIVERSAL (GBP)
        • VIVO ENERGY

        More Details…

        Listed Companies

        • USE ALL SHARE INDEX ([email protected])
        • BRITISH AMERICAN TOBACCO UGANDA
        • BANK OF BARODA UGANDA
        • DEVELOPMENT FINANCE COMPANY OF UGANDA LTD
        • EAST AFRICAN BREWERIES LIMITED
        • JUBILEE HOLDINGS LIMITED
        • KENYA AIRWAYS
        • NEW VISION PRINTING AND PUBLISHING COMPANY LTD
        • STANBIC UGANDA HOLDINGS LIMITED
        • UGANDA CLAYS LIMITED
        • EQUITY BANK LIMITED
        • KCB GROUP
        • NATIONAL INSURANCE CORPORATION
        • NATION MEDIA GROUP
        • CENTUM INVESTMENT COMPANY LTD
        • USE LOCAL COMPANY INDEX
        • UMEME LIMITED
        • QUALITY CHEMICAL INDUSTRIES LIMITED
        • MTN UGANDA
        • AIRTEL UGANDA LIMITED

        More Details…

        Listed Companies

        • FNBE
        • GREYSTONE PERTNERS
        • INALA CAPITAL
        • NEDBANK
        • NPC
        • RES CORPORATION
        • SBC LIMITED
        • SWAZI EMPOWERMENT LIMITED
        • SWAPROPE

        More Details…

        More Details…

        Listed Companies

        • ACCESS BANK GHANA PLC
        • AGRICULTURAL DEVELOPMENT BANK
        • ANGLOGOLD ASHANTI PLC
        • ALUWORKS LTD
        • ASANTE GOLD CORPORATION
        • BENSO OIL PALM PLANTATION LTD
        • CALBANK PLC
        • CLYDESTONE (GHANA) LIMITED
        • CAMELOT GHANA LTD
        • COCOA PROCESSING COMPANY
        • DANNEX AYRTON STARWIN PLC
        • ECOBANK GHANA PLC
        • ENTERPRISE GROUP PLC
        • ECOBANK TRANSNATIONAL INCORPORATION
        • FAN MILK LIMITED
        • GHANA COMMERCIAL BANK LIMITED
        • GUINNESS GHANA BREWERIES PLC
        • GOIL PLC
        • MEGA AFRICAN CAPITAL LIMITED
        • MTN GHANA
        • PRODUCE BUYING COMPANY LTD
        • REPUBLIC BANK (GHANA) PLC
        • STANDARD CHARTERED BANK GHANA LTD
        • STANDARD CHARTERED BANK GHANA PLC
        • SIC INSURANCE COMPANY LIMITED
        • SOCIETE GENERALE GHANA LIMITED
        • SAM WOOD LTD
        • TRUST BANK LIMITED (THE GAMBIA)
        • TULLOW OIL PLC
        • TOTALENERGIES GHANA PLC
        • UNILEVER GHANA PLC
        • ATLANTIC LITHIUM LIMITED

        More Details…

        Listed Companies

        • 4SIGHT HOLDINGS LTD
        • ABSA GROUP LIMITED
        • ACCELERATE PROP FUND LTD
        • ACSION LIMITED
        • ADCOCK INGRAM HLDGS LTD
        • ADCORP HOLDINGS LIMITED
        • ADVTECH LTD
        • AECI LIMITED
        • AFINE INVESTMENTS LTD
        • AFRICAN & OVER ENT LTD
        • AFRICAN & OVER ENT LTD -N
        • AFRICAN DAWN CAPITAL LTD
        • AFRICAN MEDIA ENT LTD
        • AFRICAN RAINBOW CAP INV
        • AFRICAN RAINBOW MIN LTD
        • AFRIMAT LIMITED
        • AFROCENTRIC INV CORP LTD
        • AH-VEST LIMITED
        • ALARIS HOLDINGS LTD
        • ALEXANDER FORBES GRP HLDGS
        • ALPHAMIN RESOURCES CORP
        • ALTRON LIMITED A
        • ANGLO AMERICAN PLAT LTD
        • ANGLO AMERICAN PLC
        • ANGLOGOLD ASHANTI PLC
        • ANHEUSER-BUSCH INBEV SA NV
        • ARCELORMITTAL SA LIMITED
        • AREIT PROP LIMITED
        • ARGENT INDUSTRIAL LTD
        • ARROWHEAD PROP LTD A
        • ARROWHEAD PROP LTD B
        • ARROWHEAD PROPERTIES LTD
        • ASCENDIS HEALTH LTD
        • ASCENDIS HEALTH LTD NPL
        • ASPEN PHARMACARE HLDGS LTD
        • ASTORIA INVESTMENTS LTD
        • ASTRAL FOODS LTD
        • ATTACQ LIMITED
        • AVENG GROUP LIMITED
        • AVI LTD
        • AYO TECH SOLUTIONS LTD
        • BALWIN PROPERTIES LTD
        • BARLOWORLD LTD
        • BAUBA RESOURCES LIMITED
        • BAUBA RESOURCES LIMITED NPL
        • BEE – SASOL LIMITED
        • BELL EQUIPMENT LTD
        • BHP GROUP LIMITED
        • BID CORPORATION LTD
        • BIDVEST LTD
        • BLUE LABEL TELECOMS LTD
        • BOWLER METCALF LTD
        • BRAIT INV HLDGS LTD EB
        • BRAIT PLC
        • BRIKOR LTD
        • BRIMSTONE INV CORP LTD
        • BRIMSTONE INV CORP LTD-N
        • BRITISH AMERICAN TOB PLC
        • BUKA INVESTMENTS LIMITED
        • BURSTONE GROUP LIMITED
        • BYTES TECHNOLOGY GRP PLC
        • CA SALES HOLDINGS LTD
        • CAFCA LIMITED
        • CALGRO M3 HLDGS LTD
        • CAPITAL & REGIONAL PLC
        • CAPITAL APPRECIATION LTD
        • CAPITAL & COUNTIES PROP PLC
        • CAPITEC BANK HLDGS LTD
        • CASHBUILD LTD
        • CASTLEVIEW PROP FUND LTD
        • CAXTON CTP PUBLISH PRINT
        • CHOPPIES ENTERPRISES LTD
        • CHROMETCO LTD
        • CILO CYBIN HOLDINGS LTD
        • CITY LODGE HOTELS LTD
        • CLICKS GROUP LTD
        • CLIENTELE LTD
        • COLLINS PROPERTY GRP LTD
        • COMBINED MOTOR HLDGS LTD
        • COMPAGNIE FIN RICHEMONT
        • CONDUIT CAPITAL LTD
        • COPPER 360 LIMITED
        • CORONATION FUND MNGRS LD
        • CROOKES BROTHERS LTD
        • CURRO HOLDINGS LIMITED
        • DATATEC LTD
        • DELTA PROPERTY FUND LTD
        • DENEB INVESTMENTS LTD
        • DEUTSCHE KONSUM REIT-AG
        • DIPULA INCOME FUND B
        • DIS-CHEM PHARMACIES LTD
        • DISCOVERY LTD
        • DRA GLOBAL LTD
        • DRD GOLD LTD
        • E MEDIA HOLDINGS LTD
        • E MEDIA HOLDINGS LTD -N-
        • EASTERN PLATINUM LTD
        • ECSPONENT LIMITED
        • EFORA ENERGY LIMITED
        • ELLIES HOLDINGS LTD
        • EMIRA PROPERTY FUND LTD
        • ENX GROUP LIMITED
        • EOH HOLDINGS LTD
        • EPE CAPITAL PARTNERS LTD
        • EPE CAPITAL PARTNERS LTD NPL
        • EQUITES PROP FUND LTD
        • EUROPA METALS LIMITED
        • EXEMPLAR REITAIL LTD
        • EXXARO RESOURCES LTD
        • FAIRVEST LIMITED A
        • FAIRVEST LIMITED B
        • FAMOUS BRANDS LTD
        • FINBOND GROUP LTD
        • FIRESTONE ENERGY LIMITED
        • FIRSTRAND LTD
        • FORTRESS REAL EST INV A
        • FORTRESS REAL EST INV B
        • FRONTIER TRANSPORT HLDG LD
        • GAIA INFRASTRUCT CAP LTD
        • GEMFIELDS GROUP LIMITED
        • GLENCORE PLC
        • GLOBE TRADE CENTRE S.A.
        • GO LIFE INTERNATIONAL LD
        • GOLD FIELDS LTD
        • GRAND PARADE INV LTD
        • GRINDROD LTD
        • GRINDROD SHIPPING HLDG LTD
        • GROWTHPOINT PROP LTD
        • HAMMERSON PLC
        • HARMONY GM CO LTD
        • HERIOT REIT LIMITED
        • HOMECHOICE INT PLC
        • HOSKEN CONS INV LTD
        • HOSKEN PAX LOG AND RAIL
        • HUDACO INDUSTRIES LTD
        • HUGE GROUP LTD
        • HULAMIN LTD
        • HYPROP INV LTD
        • IMBALIE BEAUTY LIMITED
        • IMPALA PLATINUM HLGS LTD
        • INSIMBI IND HLDGS LTD
        • INVESTEC LTD
        • INVESTEC PLC
        • INVESTEC PROPERTY FUND LTD
        • INVICTA HOLDINGS LTD
        • ISA HOLDINGS LIMITED
        • ITALTILE LTD
        • JASCO ELECTRON HLDGS LTD NPL
        • JSE LTD
        • JUBILEE METALS GROUP PLC
        • KAL GROUP LIMITED
        • KAP LIMITED
        • KAROOOOO LTD
        • KIBO ENERGY PLC
        • KORE POTASH PLC
        • KUMBA IRON ORE LTD
        • LABAT AFRICA LTD
        • LESAKA TECHNOLOGIES INC
        • LEWIS GROUP LTD
        • LIBERTY HOLDINGS LTD
        • LIBERTY TWO DEGREES LTD
        • LIBSTAR HOLDINGS LTD
        • LIFE HEALTHC GRP HLDGS LTD
        • LIGHTHOUSE CAPITAL LTD NPL
        • LIGHTHOUSE PROPERTIES PLC
        • LONDON FIN INV GROUP PLC
        • MAHUBE INFRASTRUCTURE LTD
        • MANTENGU MINING LIMITED
        • MARSHALL MONTEAGLE PLC
        • MAS P.L.C
        • MASTER DRILLING GRP LTD
        • MC MINING LIMITED
        • MERAFE RESOURCES LTD
        • METAIR INVESTMENTS LTD
        • METROFILE HOLDINGS LTD
        • MIDDLE EAST DIAMOND RES LD
        • MINE RESTORATION INV LTD
        • MOMENTUM GROUP LIMITED
        • MONDI PLC
        • MONTAUK RENEWABLES INC
        • MOTUS HOLDINGS LTD
        • MPACT LIMITED
        • MR PRICE GROUP LTD
        • MTN GROUP LTD
        • MTN ZAKHELE FUTHI
        • MULTICHOICE GROUP LTD
        • MURRAY & ROBERTS HLDGS
        • MUSTEK LTD
        • NAMPAK LTD
        • NASPERS LTD -N-
        • NEDBANK GROUP LTD
        • NEPI ROCKCASTLE N.V.
        • NET 1 UEPS TECH INC
        • NETCARE LIMITED
        • NEWPARK REIT LTD
        • NICTUS LTD
        • NINETY ONE LIMITED
        • NINETY ONE PLC
        • NORTHAM PLATINUM HLDGS LTD
        • NORTHAM PLATINUM LTD
        • NOVUS HOLDINGS LIMITED
        • NU-WORLD HLDGS LTD
        • NUMERAL LIMITED
        • OANDO PLC
        • OASIS CRESCENT PROP FUND
        • OCEANA GROUP LTD
        • OCTODEC INVEST LTD
        • OLD MUTUAL LIMITED
        • OMNIA HOLDINGS LTD
        • ORION MINERALS LIMITED
        • OUTSURANCE GROUP LIMITED
        • PAN AFRICAN RESOURCE PLC
        • PBT GROUP LIMITED
        • PEPKOR HOLDINGS LTD
        • PICK N PAY STORES LTD
        • PICK N PAY STORES LTD NPL
        • POWERFLEET INC
        • PPC LIMITED
        • PREMIER GROUP LIMITED
        • PRIMARY HEALTH PROP PLC
        • PRIMESERV GROUP LTD
        • PROSUS N.V.
        • PSG FIN SERVICES LTD
        • PSV HOLDINGS LTD
        • PURPLE GROUP LTD
        • PUTPROP LTD
        • QUANTUM FOODS HLDGS LTD
        • QUILTER PLC
        • RAINBOW CHICKEN LIMITED
        • RAND MERCHANT INV HLDGS LTD
        • RAUBEX GROUP LTD
        • RCL FOODS LIMITED
        • REBOSIS PROPERTY FUND LTD
        • REBOSIS PROPERTY FUND LTD A
        • REDEFINE PROPERTIES LTD
        • REINET INVESTMENTS S.C.A
        • REMGRO LTD
        • RENERGEN LIMITED
        • RENERGEN LIMITED NPL
        • RESILIENT REIT LIMITED
        • REUNERT LTD
        • REX TRUEFORM GROUP -N-
        • REX TRUEFORM GROUP LTD
        • RFG HOLDINGS LIMITED
        • RH BOPHELO LIMITED
        • RMB HOLDINGS LTD
        • SA CORP REAL ESTATE LTD
        • SAB ZENZELE KABILI
        • SABLEEXPLORATION&MINING
        • SABVEST CAPITAL LIMITED
        • SAFARI INVESTMENTS RSA LTD
        • SALUNGANO GROUP LIMITED
        • SANLAM LIMITED
        • SANTAM LIMITED
        • SANTOVA LIMITED
        • SAPPI LTD
        • SAPPISOUTHERNAFRICALTDCB
        • SASFIN HOLDINGS LTD
        • SASOL LIMITED
        • SCHRODER EUR REIT PLC
        • SEA HARVEST GROUP LTD
        • SEBATA HOLDINGS LTD
        • SEPHAKU HOLDINGS LTD
        • SHAFTESBURY CAPITAL PLC
        • SHOPRITE HOLDINGS LTD
        • SIBANYE STILLWATER LTD
        • SIRIUS REAL ESTATE LTD
        • SOUTH OCEAN HOLDINGS LTD
        • SOUTH32 LIMITED
        • SOUTHERN PALLADIUM LTD
        • SOUTHERN SUN LTD
        • SPEAR REIT LIMITED
        • SPUR CORPORATION LTD
        • STADIO HOLDINGS LIMITED
        • STANDARD BANK GROUP LTD
        • STEFANUTTI STCK HLDGS LTD
        • STENPROP LIMITED
        • STOR-AGE PROP REIT LTD
        • SUN INTERNATIONAL LTD
        • SUPER GROUP LTD
        • SYGNIA LIMITED
        • TASTE HLDGS LTD
        • TELEMASTER HOLDINGS LTD
        • TELKOM SA SOC LTD
        • TEXTON PROPERTY FUND LTD
        • THARISA PLC
        • THE FOSCHINI GROUP LIMITED
        • THE FOSCHINI GROUP LIMITED NPL
        • THE SPAR GROUP LTD
        • THUNGELA RESOURCES LTD
        • TIGER BRANDS LTD
        • TONGAAT HULETT LTD
        • TRADEHOLD LTD
        • TRANSACTION CAPITAL LTD
        • TRANSCEND RES PROP FD LD
        • TRANSPACO LTD
        • TRELLIDOR HLDGS LTD
        • TREMATON CAPITAL INV LTD
        • TRENCOR LTD
        • TRUSTCO GROUP HLDGS LTD
        • TRUWORTHS INT LTD
        • TSOGO SUN HOTELS LTD
        • TSOGO SUN LIMITED
        • UNIVERSAL PARTNERS LTD
        • VISUAL INTERNATIONAL HLDGS LTD
        • VODACOM GROUP LTD
        • VUKILE PROPERTY FUND LTD
        • VUNANI LTD
        • WE BUY CARS HLDS LTD
        • WESCOAL HOLDINGS LTD
        • WESIZWE PLATINUM LTD
        • WG WEARNE LTD
        • WILSON BAYLY HLM-OVC LTD
        • WOOLWORTHS HOLDINGS LTD
        • WORKFORCE HOLDINGS LTD
        • YEBOYETHU (RF) LTD
        • YORK TIMBER HOLDINGS LTD
        • ZEDA LIMITED
        • ZEDER INV LTD

        More Details…

        Listed Companies

        • AFDIS DISTILLERS LIMITED
        • AMALGAMATED REGIONAL TRADING (ART) HOLDINGS LIMITED
        • ARISTON HOLDINGS LIMITED
        • BRIDGEFORT CAPITAL LIMITED
        • BRIDGEFORT CAPITAL LIMITED CLASS B
        • BRITISH AMERICAN TOBACCO ZIMBABWE LIMITED
        • CAFCA LIMITED
        • CBZ HOLDINGS LIMITED
        • CFI HOLDINGS LIMITED
        • DAIRIBORD HOLDINGS LIMITED
        • DELTA CORPORATION LIMITED
        • ECOCASH HOLDINGS ZIMBABWE LIMITED
        • ECONET WIRELESS ZIMBABWE LIMITED
        • FBC HOLDINGS LIMITED
        • FIDELITY LIFE ASSURANCE LIMITED
        • FIRST MUTUAL HOLDINGS LIMITED
        • FIRST MUTUAL PROPERTIES LIMITED
        • GENERAL BELTINGS HOLDINGS LIMITED
        • HIPPO VALLEY ESTATES LIMITED
        • MASHONALAND HOLDINGS LIMITED
        • MASIMBA HOLDINGS LIMITED
        • MEIKLES LIMITED
        • NAMPAK ZIMBABWE LIMITED
        • NATIONAL TYRE SERVICES LIMITED
        • NMBZ HOLDINGS LIMITED
        • OK ZIMBABWE LIMITED
        • PROPLASTICS LIMITED
        • RAINBOW TOURISM GROUP LIMITED
        • RIOZIM LIMITED
        • SEED CO LIMITED
        • STARAFRICACORPORATION LIMITED
        • TANGANDA TEA COMPANY LIMITED
        • TSL LIMITED
        • TURNALL HOLDINGS LIMITED
        • UNIFREIGHT AFRICA LIMITED
        • WILLDALE LIMITED
        • ZB FINANCIAL HOLDINGS LIMITED
        • ZECO HOLDINGS LIMITED
        • ZIMBABWE NEWSPAPERS (1980) LIMITED
        • ZIMRE HOLDINGS LIMITED

        Listed Companies

        44 Sight Holdings Ltd
        Absa Group Limited
        Accelerate Prop Fund Ltd
        Acsion Limited
        Adcock Ingram Hldgs Ltd
        Adcorp Holdings Limited
        ADv TECH Ltd
        AECI Limited
        Afine Investments Ltd
        African & Over Ent Ltd
        African & Over Ent Ltd-N
        African Dawn Capital Ltd
        African Media Ent Ltd
        African Rainbow Cap Inv
        African Rainbow Min Ltd
        Afrimat Limited
        AfroCentric Inv Corp Ltd
        AH-Vest Limited
        Alaris Holdings Ltd
        Alaris Holdings Ltd
        Alexander Forbes Grp Hldgs
        Alphamin Resources Corp
        Altron Limited A
        Anglo American Plat Ltd
        Anglo American plc
        Anglo Gold Ashanti plc
        Anheuser-Busch InBev SA NV
        Arcelor Mittal SA Limited
        AREITPROP LIMITED
        Argent Industrial Ltd
        Arrowhead Prop Ltd A
        Arrow head Prop Ltd B
        Arrow head Properties Ltd
        Ascendis Health Ltd
        Ascendis Health Ltd NPL
        Aspen Pharma care Hldgs Ltd
        Astoria Investments Ltd
        Astral Foods Ltd
        Attacq Limited
        Aveng Group Limited
        AVI Ltd
        Ayo Tech Solutions Ltd
        Balwin Properties Ltd
        Barlo world Ltd
        Bauba Resources Limited
        Bauba Resources Limited NPL
        BEE-Sasol Limited
        Bell Equipment Ltd
        BHP Group Limited
        BID Corporation Ltd
        Bidvest Ltd
        Blue Label Telecoms Ltd
        Bowler Met calf Ltd
        Brait Inv Hldgs Ltd EB
        Brait PLC
        Brikor Ltd
        Brimstone Inv Corp Ltd
        Brimstone Inv Corp Ltd-N
        British American Tob plc
        Buka Invest
        Renergen Limited
        Renergen Limited NPL
        Resilient REIT Limited
        Reunert Ltd
        Rex Trueform Group – N
        Rex Trueform Group Ltd
        RFG Holdings Limited
        RH Bophelo Limited
        RMB Holdings Ltd
        SA Corp Real Estate Ltd
        SAB Zenzele Kabili
        SableExploration & Mining
        Sabvest Capital Limited
        Safari Investments RSA Ltd
        Salungano Group Limited
        Sanlam Limited
        Santam Limited
        Santova Limited
        Sappi Ltd
        SappiSouthernAfricaLtdCB
        Sasfin Holdings Ltd
        Sasol Limited
        Schroder Eur REIT plc
        Sea Harvest Group Ltd
        Sebata Holdings Ltd
        Sephaku Holdings Ltd
        Shaftesbury Capital plc
        Shoprite Holdings Ltd
        Sibanye Stillwater Ltd
        Sirius Real Estate Ltd
        South Ocean Holdings Ltd
        South32 Limited
        Southern Palladium Ltd
        Southern Sun LTD
        Spear REIT Limited
        Spur Corporation Ltd
        Stadio Holdings Limited
        Standard Bank Group Ltd
        Stefanutti Stck Hldgs Ltd
        Stenprop Limited
        Stor-Age Prop REIT Ltd
        Sun International Ltd
        Super Group Ltd
        Sygnia Limited
        Taste Hldgs Ltd
        Telemaster Holdings Ltd
        Telkom SA SOC Ltd
        Texton Property Fund Ltd
        Tharisa plc
        The Foschini Group Limited
        The Foschini Group Limited NPL
        The Spar Group Ltd
        Thungela Resources Ltd
        Tiger Brands Ltd
        Tongaat Hulett Ltd
        Tradehold Ltd
        Transaction Capital Ltd
        Transcend Res Prop Fd Ld
        Transpaco Ltd
        Trellidor Hldgs Ltd
        Trematon Capital Inv Ltd
        Trencor Ltd
        Trustco Group Hldgs Ltd
        Truworths Int Ltd
        Tsogo Sun Hotels LTD
        Tsogo Sun Limited
        Universal Partners Ltd
        Visual International Hldgs Ltd
        Vodacom Group Ltd
        Vukile Property Fund Ltd
        Vunani Ltd
        We Buy Cars Hlds Ltd
        Wescoal Holdings Ltd
        Wesizwe Platinum Ltd
        WG Wearne Ltd
        Wilson Bayly Hlm-Ovc Ltd
        Woolworths Holdings Ltd
        Workforce Holdings Ltd
        YeboYethu (RF) Ltd
        York Timber Holdings Ltd
        Zeda Limited
        Zeder Inv Ltd

        Internationals Markets

        USA —  60,006.73

        OTCMKTS —  +11,887.57 (+3.25%)

        FWB —  30.89

        TADAWUL —  +1.03 (+3.45%)

        TSE —  +56.73 (+1.81%)

        HKSE —  145.00

        SSE —  +5.63 (+4.04%)

        BSE —  81,888.19

        Internationals Listings

        Apple —  +5.63 (+4.04%)

        Microsoft —  81,888.19

        Novo Nordisk —  2,575.88 (+3.25%)

        LVMH —  60,006.73

        NVIDIA —  30.89

        Accenture —  +1.03 (+3.45%)

        TSMC —  3,194.80

        TotalEnergies —  +56.73 (+1.81%)

        Saudi Aramco —  145.00

        Meta Platforms (Facebook) —  81,888.19

        Tesla —  2,575.88 (+3.25%)

        Currencies

        Nigerian Naira  —  60,006.73

        Angolan Kwanza  —  +1,887.57

        Kenyan Shilling    —  30.89

        Algerian Dinar  —  +1.03(+3.45)

        Egyptian Pound  —  3,194.00

        Ethiopian Birr  —  145.00

        Zambian Kwacha  —  +5.63 (+4.04)

        Moroccan Dirham  —  81,888.19

        Mauritanian Ouguiya  —  2.575.88 (+3.25)

        Djiboutian Franc —  60,006.73

        Somali Shilling  —  +1,887.57(+.2)

        Sudanese Pound  —  30.89

        US Dollar  —  +56.73 (+1.81)

        Euro  —  145.00

        Markets Overview

        South Africa

        Nigeria

        Egypt

        Kenya

        Markets Overview

        Major Indices

        Currencies

        Commodities

        International

        Commodities

        Gold —  60,006.73

        Silver—  +1887.57 (+3.25)

        Coffee —  30.89

        Cocoa —  +1.03 (+3.45)

        Oil —  +56.73 (+1.81)

        Cobalt —  145.00

        Copper —  +5.63 (+4.04)

        Coal—  81,888.19

        Uranium —  2.575.88 (+3.285)

        Lumber —  528.08

        Natural Gas —  2.4837

        Steel Scrap —  248.0

        Tin —  32,396

        Zinc —  3,073.50

        Nickel —  17,384

        Lumber
        Natural Gas
        Steel Scrap
        Tin
        Zinc
        Nickel

        Central Banks

        Bank of Central African States 
        Central African CFA franc

        Bank of Algeria
        Algerian dinar

        Bank of Botswana
        Botswana pula

        Bank of Cape Verde
        Cape Verdean escudo

        Central Bank of Djibouti
        Djiboutian franc

        Central Bank of Egypt
        Egyptian pound

        Bank of Eritrea
        Eritrean nakfa

        Bank of Ghana
        Ghanaian cedi

        Central Bank of Kenya
        Kenyan shilling

        Central Bank of Liberia
        Liberian dollar

        Reserve Bank of Malawi
        Malawian kwacha

        Central Bank of Mauritania
        Mauritanian ouguiya

        Bank of Mauritius
        Mauritian rupee

        Bank Al-Maghrib
        Moroccan dirham

        Bank of Mozambique
        Mozambican metical

        Bank of Namibia
        Namibian dollar

        National Bank of São Tomé and Príncipe
        São Tomé and Príncipe dobra

        Central Bank of Seychelles
        Seychellois rupee

        Bank of Sierra Leone
        Sierra Leonean leone

        Central Bank of Somalia
        Somali shilling

        Bank of Somaliland
        Somaliland shilling

        South African Reserve Bank
        South African rand

        Bank of South Sudan
        South Sudanese pound

        Bank of Sudan
        Sudanese pound

        Bank of Tanzania
        Tanzanian shilling

        Bank of Uganda
        Ugandan shilling

        Bank of Zambia
        Zambian kwacha

        Zimbabwe Stock Exchange (ZSE)

        Introduction 

        The Zimbabwe Stock Exchange (ZSE) is the principal securities exchange in Zimbabwe, providing a platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation and economic development, the ZSE plays a critical role in Zimbabwe’s financial system. 

        History and Development 

        The Zimbabwe Stock Exchange traces its origins back to 1896 during the early days of colonization when it was established as the Rhodesia Stock Exchange in Bulawayo. It was officially incorporated as the Zimbabwe Stock Exchange in 1974, following the country’s independence. Over the years, the ZSE has undergone various reforms and modernization efforts to enhance its operations and align with international standards. 

        Structure and Operation 

        The ZSE operates under the regulatory oversight of the Securities and Exchange Commission of Zimbabwe (SECZ), ensuring compliance with principles of transparency, fairness, and market integrity. The exchange utilizes an electronic trading platform known as the ZSE Direct, which facilitates efficient and secure transactions. 

        The ZSE is structured into several market segments: 

        1. Main Market: For large, well-established companies. 
        2. Small to Medium Enterprises (SME) Market: Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Debt Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The ZSE lists a variety of companies from different sectors, reflecting the economic diversity of Zimbabwe. Some notable companies listed on the ZSE include: 

        1. Delta Corporation Limited: A leading beverage manufacturer. 
        2. Econet Wireless Zimbabwe: The largest telecommunications provider in Zimbabwe. 
        3. CBZ Holdings Limited: A major financial services provider. 
        4. OK Zimbabwe Limited: One of the largest retail chains in the country. 

        In addition to equities, the ZSE provides a platform for trading various debt instruments, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the Zimbabwe Stock Exchange is tracked through its primary index, the ZSE All Share Index (ZSE ASI), which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within Zimbabwe and the broader Southern African region. 

        Challenges 

        Despite its significance, the ZSE faces several challenges: 

        1. Market Liquidity: The trading volume on the ZSE is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Economic and Political Instability: Economic challenges and political instability in Zimbabwe have impacted investor confidence and market performance. 
        3. Market Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 

        Future Prospects 

        The ZSE has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly SMEs, to list on the ZSE, thereby increasing market depth and liquidity. 
        2. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of more advanced trading platforms. 
        3. Regional Integration: Initiatives to further integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Zimbabwe Stock Exchange is a vital component of Zimbabwe’s financial infrastructure, providing a platform for capital raising and investment. While it faces challenges, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, the ZSE is poised to play a significant role in the economic development of Zimbabwe and the broader Southern African region. 

        Johannesburg Stock Exchange (JSE)

        Introduction 

        The Johannesburg Stock Exchange (JSE) is the largest and most prominent stock exchange in Africa. It serves as a critical platform for the trading of a wide range of financial instruments, including stocks, bonds, derivatives, and exchange-traded funds (ETFs). The JSE plays a pivotal role in the financial markets of South Africa and the broader African continent. 

        History and Development 

        The JSE was founded on November 8, 1887, during the height of the gold rush in South Africa. It was established to provide a formal marketplace for the trading of mining shares. Over the years, the JSE has evolved significantly, undergoing numerous reforms and modernization efforts to become a world-class securities exchange. 

        Structure and Operation 

        The JSE operates under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) of South Africa, ensuring compliance with principles of transparency, fairness, and market integrity. The exchange utilizes a sophisticated electronic trading platform known as the JSE TradElect, which facilitates efficient and secure transactions. 

        The JSE is structured into several market segments: 

        1. Main Board: For large, well-established companies. 
        2. AltX: An alternative exchange designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Debt Market: For the trading of government and corporate bonds. 
        4. Derivatives Market: For trading futures, options, and other derivative instruments. 
        5. Exchange Traded Funds (ETFs) Market: For trading ETFs. 

        Listed Companies and Securities 

        The JSE lists a diverse array of companies from various sectors, including mining, financial services, telecommunications, consumer goods, and industrials. Some notable companies listed on the JSE include: 

        1. Anglo American Plc: A leading global mining company. 
        2. Standard Bank Group: One of the largest banking institutions in Africa. 
        3. Naspers Limited: A global consumer internet group and one of the largest technology investors in the world. 
        4. MTN Group: A major telecommunications provider in Africa.

        In addition to equities, the JSE provides a platform for trading various debt instruments, including government and corporate bonds, as well as a wide range of derivatives and ETFs. 

        Performance and Market Dynamics 

        The performance of the Johannesburg Stock Exchange is tracked through several indices, with the JSE All Share Index (JSE ALSI) being the most prominent. The JSE ALSI includes all listed stocks and provides a comprehensive measure of the market’s performance. Other important indices include the FTSE/JSE Top 40 Index, which tracks the top 40 companies by market capitalization, and various sector-specific indices. 

        Challenges 

        Despite its prominence and growth, the JSE faces several challenges: 

        1. Market Liquidity: While the JSE is relatively liquid compared to other African exchanges, enhancing liquidity remains a priority to ensure smooth market operations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Johannesburg Stock Exchange has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs and technology firms, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Johannesburg Stock Exchange is a cornerstone of South Africa’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the JSE is poised to continue its significant contribution to the economic development of South Africa and the broader African region. 

        Ghana Stock Exchange (GSE)

        Introduction 

        The Ghana Stock Exchange (GSE) is the principal securities exchange in Ghana, providing a platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation and economic development, the GSE plays a vital role in Ghana’s financial system. 

        History and Development 

        The Ghana Stock Exchange was established in 1989 and began operations in 1990. It was created to provide a regulated marketplace for the buying and selling of securities, thereby supporting the growth of Ghanaian businesses and attracting both domestic and international investment. Over the years, the GSE has undergone various reforms and modernization efforts to enhance its operations and align with international standards. 

        Structure and Operation 

        The GSE operates under the regulatory oversight of the Securities and Exchange Commission (SEC) of Ghana, ensuring adherence to principles of transparency, fairness, and market integrity. The exchange utilizes an electronic trading system that facilitates efficient and secure transactions. 

        The GSE is structured into several market segments: 

        1. Main Market: For large, well-established companies. 
        2. Ghana Alternative Market (GAX): Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Fixed Income Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The GSE lists a diverse array of companies from various sectors, including banking, telecommunications, manufacturing, and consumer goods. Some notable companies listed on the GSE include: 

        1. Ecobank Ghana Limited: One of the largest banking institutions in Ghana. 
        2. MTN Ghana: A major telecommunications provider. 
        3. Guinness Ghana Breweries Limited: A leading beverage company. 
        4. Ghana Commercial Bank (GCB) Limited: A significant player in the banking sector. 

        In addition to equities, the GSE provides a platform for trading various debt instruments, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the Ghana Stock Exchange is tracked through several indices, with the GSE Composite Index (GSE-CI) being the most prominent. The GSE-CI includes all listed stocks and provides a comprehensive measure of the market’s performance. Another important index is the GSE Financial Stock Index (GSE-FSI), which focuses on the performance of financial sector stocks. 

        Challenges 

        Despite its significance and growth, the GSE faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Ghana Stock Exchange has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Ghana Stock Exchange is a cornerstone of Ghana’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the GSE is poised to significantly contribute to Ghana’s economic development and to strengthen its position as a leading financial market in the African region.

        FMDQ Group

        Introduction 

        FMDQ Group is a leading integrated financial market infrastructure group in Nigeria, providing services across various segments of the financial markets, including securities trading, clearing, settlement, and market data services. Established to enhance the efficiency, transparency, and integrity of the Nigerian financial markets, FMDQ Group plays a critical role in fostering economic growth and development. 

        History and Development 

        FMDQ Group was founded in 2013 as FMDQ OTC Securities Exchange. It was established to create a more structured, transparent, and efficient platform for the trading of fixed income and currency securities. Over the years, FMDQ has expanded its scope and services, evolving into a comprehensive financial market infrastructure group. 

        Structure and Operation 

        FMDQ Group operates under the regulatory oversight of the Securities and Exchange Commission (SEC) of Nigeria. The group is structured into several key subsidiaries and market segments, each specializing in different aspects of the financial markets: 

        1. FMDQ Securities Exchange: Provides a platform for the listing, quotation, and trading of fixed income, currency, and derivative securities. 
        2. FMDQ Clear Limited: Offers central clearing and settlement services, ensuring the integrity and efficiency of the post-trade process. 
        3. FMDQ Depository Limited: Provides securities depository services, including the safekeeping and management of securities. 
        4. FMDQ Private Markets: Facilitates the registration, listing, and trading of private company securities, enhancing access to capital for private businesses. 

        Products and Services 

        FMDQ Group offers a wide range of products and services designed to meet the diverse needs of market participants. These include: 

        1. Fixed Income Securities: Trading of government and corporate bonds, treasury bills, and other fixed income instruments. 
        2. Currency and Derivatives: Trading of foreign exchange, currency futures, and other derivative products. 
        3. Market Data Services: Provision of real-time and historical market data, analytics, and research services. 
        4. Post-Trade Services: Clearing, settlement, and depository services to ensure the efficiency and security of financial transactions. 
        5. Private Markets: Services for the issuance, registration, and trading of private securities. 

        Performance and Market Dynamics 

        FMDQ Group has significantly contributed to the development of the Nigerian financial markets by introducing innovative products, enhancing market transparency, and improving liquidity. The group’s market indices, such as the FMDQ Bond Index and the FMDQ Treasury Bills Index, provide valuable benchmarks for market performance. 

        Challenges 

        Despite its successes, FMDQ Group faces several challenges: 

        1. Market Awareness and Education: Increasing public awareness and understanding of its products and services is essential to broaden the market participant base. 
        2. Regulatory and Technological Advancements: Continuous improvements in regulatory frameworks and technological infrastructure are necessary to maintain market integrity and efficiency. 
        3. Liquidity: Enhancing liquidity across all market segments remains a priority to attract more participants and ensure smoother market operations. 

        Future Prospects 

        FMDQ Group has several strategic initiatives aimed at bolstering its market presence and enhancing its operations: 

        1. Innovation and Technology: Ongoing investments in technology to improve trading platforms, enhance market data services, and support new financial products. 
        2. Market Expansion: Efforts to expand market offerings and attract more domestic and international participants. 
        3. Sustainability and Green Finance: Promoting sustainable finance initiatives, including green bonds and other environmentally-friendly financial products, to attract socially responsible investors. 
        4. Regional Integration: Initiatives to integrate with other African financial markets to create a more robust and interconnected capital market across the continent. 

        Conclusion 

        FMDQ Group is a cornerstone of Nigeria’s financial market infrastructure, providing a comprehensive range of services that enhance market efficiency, transparency, and integrity. While it faces challenges, its commitment to innovation, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, FMDQ Group is poised to continue playing a significant role in the development of Nigeria’s financial markets and the broader African financial landscape. 

        Eswatini Stock Exchange (ESE)

        Introduction 

        The Eswatini Stock Exchange (ESE) is the principal securities exchange in Eswatini (formerly Swaziland), providing a platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation and support economic growth, the ESE plays a significant role in the financial sector of Eswatini. 

        History and Development 

        The Eswatini Stock Exchange was established in July 1990 as part of Eswatini’s broader efforts to develop its financial markets and attract both domestic and international investment. Over the years, the ESE has undergone various reforms and modernization efforts to enhance its operations and align with international standards. 

        Structure and Operation 

        The ESE operates under the regulatory oversight of the Financial Services Regulatory Authority (FSRA) of Eswatini, ensuring compliance with principles of transparency, fairness, and market integrity. The exchange utilizes a manual trading system, but there are plans to transition to an electronic trading platform to improve efficiency and accessibility. 

        The ESE is structured into several market segments: 

        1. Equity Market: For the listing and trading of shares of companies. 
        2. Debt Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The ESE lists a variety of companies from different sectors, reflecting the economic diversity of Eswatini. Some notable companies listed on the ESE include: 

        1. Royal Swaziland Sugar Corporation (RSSC): A leading sugar producer in Eswatini. 
        2. Nedbank Swaziland Limited: A major banking institution in the country. 
        3. Swaziland Empowerment Limited (SEL): An investment company focusing on various sectors. 

        In addition to equities, the ESE provides a platform for trading various debt instruments, including government and corporate bonds, thereby contributing to the development of the fixed income market in Eswatini. 

        Performance and Market Dynamics 

        The performance of the Eswatini Stock Exchange is tracked through its primary index, the ESE All Share Index (ESEASI), which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within Eswatini and the broader Southern African region. 

        Challenges 

        Despite its strategic importance, the ESE faces several challenges: 

        1. Market Liquidity: The trading volume on the ESE is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements in regulatory frameworks and trading infrastructure are necessary to align with international best practices and enhance market efficiency. 

        Future Prospects 

        The ESE has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly small and medium-sized enterprises (SMEs), to list on the ESE, thereby increasing market depth and liquidity. 
        2. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of an electronic trading platform. 
        3. Regional Integration: Initiatives to further integrate with other Southern African stock exchanges to create a more robust and interconnected capital market across the region. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Eswatini Stock Exchange is a vital component of Eswatini’s financial infrastructure, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, the ESE is poised to play a significant role in the economic development of Eswatini and the broader Southern African region. 

        Uganda Securities Exchange (USE)

        Introduction 

        The Uganda Securities Exchange (USE) is the principal securities exchange in Uganda, providing a platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation and economic development, the USE plays a vital role in Uganda’s financial system. 

        History and Development 

        The Uganda Securities Exchange was established in June 1997 as part of Uganda’s broader efforts to develop its financial markets and attract both domestic and international investment. Since its inception, the USE has undergone several reforms and modernization initiatives aimed at improving market efficiency and aligning with international standards. 

        Structure and Operation 

        The USE operates under the regulatory oversight of the Capital Markets Authority (CMA) of Uganda, ensuring adherence to principles of transparency, fairness, and market integrity. The exchange utilizes an electronic trading platform that facilitates efficient and secure transactions. 

        The USE is structured into several market segments: 

        1. Equity Market: For the listing and trading of shares of companies. 
        2. Fixed Income Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The USE lists a variety of companies from different sectors, reflecting the economic diversity of Uganda. Some notable companies listed on the USE include: 

        1. Stanbic Bank Uganda Limited: One of the largest commercial banks in Uganda. 
        2. Uganda Clays Limited: A leading manufacturer of building materials. 
        3. British American Tobacco Uganda (BATU): A major player in the tobacco industry. 
        4. Umeme Limited: The primary electricity distribution company in Uganda. 

        In addition to equities, the USE provides a platform for trading various debt instruments, including government and corporate bonds, thereby contributing to the development of the fixed income market in Uganda. 

        Performance and Market Dynamics 

        The performance of the Uganda Securities Exchange is tracked through its primary index, the USE All Share Index (ALSI), which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within Uganda and the broader East African region. 

        Challenges 

        Despite its strategic importance, the USE faces several challenges: 

        1. Market Liquidity: The trading volume on the USE is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements in regulatory frameworks and trading infrastructure are necessary to align with international best practices and enhance market efficiency. 

        Future Prospects 

        The USE has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly small and medium-sized enterprises (SMEs), to list on the USE, thereby increasing market depth and liquidity. 
        2. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of more advanced trading platforms. 
        3. Regional Integration: Initiatives to further integrate with other East African stock exchanges to create a more robust and interconnected capital market across the region. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Uganda Securities Exchange is a vital component of Uganda’s financial infrastructure, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, the USE is poised to play a significant role in the economic development of Uganda and the broader East African region. 

        Tunisia Stock Exchange (BVMT)

        Introduction 

        The Tunisia Stock Exchange, known as Bourse des Valeurs Mobilières de Tunis (BVMT), is the principal securities exchange in Tunisia. Established to facilitate the trading of financial instruments such as stocks and bonds, the BVMT plays a significant role in the country’s financial system and economic development. 

        History and Development 

        The Tunisia Stock Exchange was founded in 1969, marking the beginning of a formal capital market in Tunisia. Over the decades, the BVMT has evolved through various reforms and modernization efforts aimed at enhancing its infrastructure, regulatory framework, and overall market efficiency. These efforts have helped in aligning the exchange with international standards and attracting both local and international investors. 

        Structure and Operation 

        The BVMT operates under the regulatory oversight of the Financial Market Council (CMF) of Tunisia, which ensures compliance with principles of transparency, fairness, and market integrity. The exchange employs an electronic trading system that facilitates efficient, transparent, and secure transactions. 

        The BVMT is structured into several market segments: 

        1. Main Market: For large, well-established companies. 
        2. Alternative Market: Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Debt Market: For trading government and corporate bonds. 

        Listed Companies and Securities 

        The BVMT lists a diverse array of companies from various sectors, including banking, telecommunications, manufacturing, and consumer goods. Some notable companies listed on the BVMT include: 

        1. Banque de Tunisie: One of the largest banks in Tunisia. 
        2. Société Tunisienne de l’Électricité et du Gaz (STEG): A leading utility company. 
        3. Poulina Group Holding: A major conglomerate with interests in agribusiness, real estate, and industry. 
        4. Tunisie Télécom: The primary telecommunications provider in Tunisia. 

        In addition to equities, the BVMT provides a platform for trading various debt instruments, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the Tunisia Stock Exchange is tracked through several indices, with the Tunindex being the most prominent. The Tunindex includes all listed stocks and provides a comprehensive measure of the market’s performance. Other indices include sector-specific indices, which offer insights into the performance of specific sectors within the market. 

        Challenges 

        Despite its importance and growth, the BVMT faces several challenges: 

        1. Market Liquidity: Enhancing liquidity is a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Tunisia Stock Exchange has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African and international stock exchanges to create a more robust and interconnected capital market. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Tunisia Stock Exchange is a cornerstone of Tunisia’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the BVMT is poised to significantly contribute to Tunisia’s economic development and to strengthen its position as a leading financial market in the African region. 

        Stock Exchange of Mauritius (SEM)

        Introduction 

        The Stock Exchange of Mauritius (SEM) is the principal securities exchange in Mauritius, playing a crucial role in the financial sector of the island nation. Established to provide a platform for the trading of stocks, bonds, and other financial instruments, SEM contributes significantly to the economic development and capital formation in Mauritius. 

        History and Development 

        The Stock Exchange of Mauritius was founded in 1989, marking a significant milestone in the development of the country’s financial markets. Since its inception, SEM has undergone numerous reforms and modernization efforts to enhance its operations, improve market efficiency, and align with international standards. It has evolved into a sophisticated and internationally recognized exchange. 

        Structure and Operation 

        The SEM operates under the regulatory oversight of the Financial Services Commission (FSC) of Mauritius, ensuring compliance with principles of transparency, fairness, and market integrity. The exchange utilizes an advanced electronic trading system that facilitates efficient and secure transactions. 

        The SEM is structured into several market segments: 

        1. Official Market: For large, established companies. 
        2. Development & Enterprise Market (DEM): Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Fixed Income Market: For the trading of government and corporate bonds. 
        4. Exchange Traded Funds (ETFs) Market: For trading ETFs. 

        Listed Companies and Securities 

        The SEM lists a diverse array of companies from various sectors, including banking, insurance, tourism, and manufacturing. Some notable companies listed on the SEM include: 

        1. Mauritius Commercial Bank (MCB) Group: One of the largest banking institutions in Mauritius. 
        2. New Mauritius Hotels: A leading player in the tourism and hospitality sector. 
        3. CIM Financial Services: A major financial services provider. 
        4. Rogers and Company Limited: A diversified conglomerate with interests in various sectors. 

        In addition to equities, the SEM provides a platform for trading various debt instruments, including government and corporate bonds, as well as ETFs. 

        Performance and Market Dynamics 

        The performance of the Stock Exchange of Mauritius is tracked through several indices, with the SEMDEX being the most prominent. The SEMDEX includes all listed stocks and provides a comprehensive measure of the market’s performance. Other indices include the SEM-10, which tracks the top 10 companies by market capitalization and liquidity, and sector-specific indices. 

        Challenges 

        Despite its significance and growth, the SEM faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Stock Exchange of Mauritius has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African and international stock exchanges to create a more robust and interconnected capital market. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Stock Exchange of Mauritius is a cornerstone of Mauritius’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the SEM is poised to significantly contribute to Mauritius’s economic development and to strengthen its position as a leading financial market in the African region. 

        Rwanda Stock Exchange (RSE)

        Introduction 

        The Rwanda Stock Exchange (RSE) is the principal securities exchange in Rwanda, serving as a critical platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation and economic development, the RSE plays a vital role in the financial ecosystem of Rwanda. 

        History and Development 

        The Rwanda Stock Exchange was founded in 2005 and commenced operations in 2011. The establishment of the RSE was part of Rwanda’s broader strategy to develop its financial markets and attract both domestic and international investment. Since its inception, the exchange has made significant strides in improving market infrastructure and expanding its range of listed securities. 

        Structure and Operation 

        The RSE operates under the regulatory oversight of the Capital Market Authority (CMA) of Rwanda, ensuring adherence to international standards of transparency, fairness, and market integrity. The exchange uses an electronic trading system that facilitates efficient and secure transactions. 

        The RSE is structured into several market segments: 

        1. Equity Market: For the listing and trading of shares of companies. 
        2. Debt Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The RSE lists a variety of companies from different sectors, reflecting the economic diversity of Rwanda. Some notable companies listed on the RSE include: 

        1. Bank of Kigali: The largest commercial bank in Rwanda. 
        2. Bralirwa: A leading brewery and beverage company. 
        3. Crystal Telecom: A significant player in the telecommunications sector. 

        In addition to equities, the RSE provides a platform for trading various debt instruments, including government and corporate bonds, thereby contributing to the development of the fixed income market in Rwanda. 

        Performance and Market Dynamics 

        The performance of the Rwanda Stock Exchange is tracked through its primary index, the Rwanda Stock Exchange All Share Index (RSEASI), which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within Rwanda and the broader East African region. 

        Challenges 

        Despite its strategic importance, the RSE faces several challenges: 

        1. Market Liquidity: The trading volume on the RSE is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements in regulatory frameworks and trading infrastructure are necessary to align with international best practices and enhance market efficiency. 

        Future Prospects 

        The RSE has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly small and medium-sized enterprises (SMEs), to list on the RSE, thereby increasing market depth and liquidity. 
        2. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of more advanced trading platforms. 
        3. Regional Integration: Initiatives to further integrate with other East African stock exchanges to create a more robust and interconnected capital market across the region. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Rwanda Stock Exchange is a vital component of Rwanda’s financial infrastructure, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, the RSE is poised to play a significant role in the economic development of Rwanda and the broader East African region. 

        Nigerian Stock Exchange (NSE)

        Introduction 

        The Nigerian Stock Exchange (NSE) is the principal securities exchange in Nigeria, serving as a major platform for the trading of stocks, bonds, and other financial instruments. Established to facilitate capital formation, the NSE plays a critical role in Nigeria’s financial system and economic development. 

        History and Development 

        The Nigerian Stock Exchange was founded in 1960 as the Lagos Stock Exchange and began operations in 1961. It was renamed the Nigerian Stock Exchange in 1977 to reflect its national coverage. Over the years, the NSE has undergone significant reforms and modernization efforts to enhance its operations, improve market efficiency, and align with global standards. 

        Structure and Operation 

        The NSE operates under the regulatory oversight of the Securities and Exchange Commission (SEC) of Nigeria, ensuring compliance with principles of transparency, fairness, and market integrity. The exchange utilizes a sophisticated electronic trading platform known as X-Gen, which facilitates efficient and secure transactions. 

        The NSE is structured into several market segments: 

        1. Main Board: For large, established companies. 
        2. Alternative Securities Market (ASeM): Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Premium Board: For companies that meet the highest standards of corporate governance and liquidity. 
        4. Fixed Income Market: For trading government and corporate bonds.
        5. Exchange Traded Funds (ETFs) Market: For trading ETFs. 

        Listed Companies and Securities 

        The NSE lists a diverse array of companies from various sectors, including banking, telecommunications, manufacturing, and consumer goods. Some notable companies listed on the NSE include: 

        1. Dangote Cement Plc: A leading cement manufacturer in Africa. 
        2. Guaranty Trust Bank Plc (GTBank): One of the largest banks in Nigeria. 
        3. Nigerian Breweries Plc: A major beverage company. 
        4. MTN Nigeria Communications Plc: A significant telecommunications provider. 

        In addition to equities, the NSE provides a platform for trading various debt instruments, including government and corporate bonds, as well as ETFs. 

        Performance and Market Dynamics 

        The performance of the Nigerian Stock Exchange is tracked through several indices, with the NSE All-Share Index (ASI) being the most prominent. The ASI includes all listed stocks and provides a comprehensive measure of the market’s performance. Other indices include sector-specific indices and the NSE 30 Index, which tracks the top 30 companies by market capitalization and liquidity. 

        Challenges 

        Despite its significance and growth, the NSE faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Nigerian Stock Exchange has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Nigerian Stock Exchange is a cornerstone of Nigeria’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the NSE is poised to significantly contribute to Nigeria’s economic development and to strengthen its position as a leading financial market in Africa.

        NASD OTC Securities Exchange

        Introduction 

        The NASD OTC Securities Exchange (NASD OTC) is a prominent over-the-counter (OTC) trading platform in Nigeria, designed to facilitate the trading of securities not listed on the Nigerian Stock Exchange (NSE). Established to offer a venue for securities trading and to foster the growth of the Nigerian capital market, NASD OTC serves as a crucial part of Nigeria’s financial ecosystem. 

        History and Development 

        The NASD OTC Securities Exchange was founded in 2013 by the National Association of Securities Dealers (NASD) with the goal of creating a formal and regulated platform for OTC trading. The initiative aimed to provide an organized marketplace for securities, including those from smaller or emerging companies that do not meet the listing requirements of the NSE. Since its inception, NASD OTC has played a significant role in broadening access to capital markets and enhancing investment opportunities in Nigeria. 

        Structure and Operation 

        NASD OTC operates under the regulatory supervision of the Securities and Exchange Commission (SEC) of Nigeria, ensuring adherence to best practices in transparency, fairness, and market integrity. The exchange utilizes an electronic trading platform, which facilitates efficient and secure trading of securities. 

        The NASD OTC Securities Exchange is structured into several key segments: 

        1. Primary Market: For the initial public offering (IPO) of securities by companies seeking to raise capital. 
        2. Secondary Market: For the trading of existing securities among investors. 
        3. Corporate Bonds Market: For the trading of corporate bonds issued by companies. 

        Listed Companies and Securities 

        The NASD OTC Securities Exchange features a range of securities, including equities, corporate bonds, and other financial instruments. Some of the notable companies and entities listed on NASD OTC include: 

        1. Caverton Offshore Support Group Plc: A leading provider of offshore support services in Nigeria. 
        2. Nigerian Mortgage Refinance Company Plc (NMRC): A major player in the mortgage finance sector. 
        3. FMDQ Securities Exchange: A key participant in the financial markets, providing a platform for trading bonds and other fixed-income securities. 

        The exchange also provides a venue for trading corporate bonds, offering investors access to a variety of fixed-income investment opportunities. 

        Performance and Market Dynamics 

        The performance of NASD OTC is monitored through several indicators, including trading volume, market capitalization, and the NASD OTC Securities Exchange Index. The market dynamics are influenced by a range of factors, including economic conditions, regulatory developments, and investor sentiment. 

        Challenges 

        Despite its strategic importance, NASD OTC faces several challenges: 

        1. Market Liquidity: The liquidity of the OTC market can be relatively low compared to the NSE, which may impact the ease of buying and selling securities. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the benefits of participating in the OTC market is essential for broadening the investor base. 
        3. Regulatory and Technological Developments: Ongoing enhancements in regulatory frameworks and technological infrastructure are necessary to maintain market integrity and efficiency. 

        Future Prospects 

        NASD OTC Securities Exchange has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Expanding Listings: Efforts are being made to attract more companies and securities to list on NASD OTC, thereby increasing market depth and liquidity. 
        2. Technological Advancements: Investments in technology to improve trading systems, enhance market accessibility, and support innovative financial products. 
        3. Investor Education and Engagement: Initiatives to increase public awareness and understanding of the OTC market, including educational programs and outreach efforts. 
        4. Regulatory Compliance and Best Practices: Ongoing efforts to align with international regulatory standards and best practices to ensure a transparent and efficient trading environment. 

        Conclusion 

        The NASD OTC Securities Exchange is a vital component of Nigeria’s financial market infrastructure, providing a platform for trading a diverse range of securities. While it faces challenges related to liquidity and market awareness, its role in expanding access to capital markets and supporting the growth of smaller companies is significant. With ongoing efforts to enhance technology, increase listings, and promote investor education, NASD OTC is well-positioned for future growth and development. 

        Namibian Stock Exchange (NSX)

        Introduction 

        The Namibian Stock Exchange (NSX) is the principal securities exchange in Namibia, serving as a key platform for the trading of shares, bonds, and other financial instruments. Established to facilitate capital raising and investment, the NSX plays a crucial role in Namibia’s financial system and economic development. 

        History and Development 

        The Namibian Stock Exchange was founded in 1992, shortly after Namibia gained independence in 1990. The establishment of the NSX was part of broader efforts to develop the country’s financial markets and attract both domestic and international investment. The exchange has grown significantly since its inception, with continuous improvements in its regulatory framework and trading infrastructure. 

        Structure and Operation 

        The NSX operates under the regulatory oversight of the Namibia Financial Institutions Supervisory Authority (NAMFISA), ensuring that the exchange adheres to principles of transparency, fairness, and market integrity. The exchange utilizes a sophisticated electronic trading system, which facilitates efficient and secure transactions. 

        The NSX is structured into several market segments: 

        1. Main Board: For large, established companies. 
        2. Development Capital Board (DCB): Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Debt Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The NSX lists a variety of companies from different sectors, reflecting the economic diversity of Namibia. Some notable companies listed on the NSX include: 

        1. FirstRand Namibia: A leading banking institution. 
        2. Namibia Breweries Limited (NBL): A major player in the beverage industry. 
        3. Trustco Group Holdings: A diversified financial services and investment company. 
        4. Oryx Properties: A prominent real estate investment trust (REIT). 

        In addition to equities, the NSX provides a platform for trading government and corporate bonds, contributing to the development of the fixed income market in Namibia. 

        Performance and Market Dynamics 

        The performance of the Namibian Stock Exchange is tracked through its primary index, the NSX Overall Index, which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within Namibia and the broader Southern African region. 

        Challenges 

        Despite its strategic importance, the NSX faces several challenges: 

        1. Market Liquidity: The trading volume on the NSX is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements in regulatory frameworks and trading infrastructure are necessary to align with international best practices and enhance market efficiency. 

        Future Prospects 

        The NSX has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly from the private sector, to list on the NSX, thereby increasing market depth and liquidity. 
        2. Regional Integration: Initiatives to further integrate with other Southern African stock exchanges to create a more robust and interconnected capital market across the region. 
        3. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Namibian Stock Exchange (NSX) is a vital component of Namibia’s financial infrastructure, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, the NSX is poised to play a significant role in the economic development of Namibia and the broader Southern African region. 

        Egyptian Exchange (EGX)

        Introduction 

        The Egyptian Exchange (EGX) is the primary securities exchange in Egypt, providing a platform for the trading of stocks, bonds, and other financial instruments. As one of the oldest stock exchanges in the Middle East, the EGX plays a pivotal role in the Egyptian economy, facilitating capital formation and investment. 

        History and Development 

        The Egyptian Exchange traces its roots back to 1883 with the establishment of the Alexandria Stock Exchange, followed by the Cairo Stock Exchange in 1903. These two exchanges were among the first in the region and merged in 1997 to form the current EGX. Over the years, the EGX has undergone numerous reforms and modernization efforts to enhance its operations and align with international standards. 

        Structure and Operation 

        The EGX operates under the supervision of the Egyptian Financial Regulatory Authority (FRA), ensuring that the exchange adheres to principles of transparency, fairness, and market integrity. The exchange utilizes a sophisticated electronic trading system that facilitates efficient and secure transactions. 

        The EGX is organized into several market segments: 

        1. Main Market: For large, established companies. 
        2. NILEX: A dedicated market segment for small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Debt Market: For trading government and corporate bonds. 

        Listed Companies and Securities 

        The EGX lists a diverse array of companies from various sectors, including banking, telecommunications, real estate, and manufacturing. Some notable companies listed on the EGX include: 

        1. Commercial International Bank (CIB): One of the largest private sector banks in Egypt. 
        2. Telecom Egypt: The primary telecommunications provider in Egypt. 
        3. Orascom Construction: A major construction and engineering firm. 
        4. El Sewedy Electric: A leading player in the energy and electrical equipment sector. 

        In addition to equities, the EGX provides a platform for trading various debt instruments, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the Egyptian Exchange is tracked through several indices, with the EGX 30 being the most prominent. The EGX 30 includes the top 30 companies by market capitalization and liquidity, serving as a benchmark for the overall market performance. Other indices include the EGX 70 and EGX 100, which provide broader measures of market activity. 

        Challenges 

        Despite its significance and growth, the EGX faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Egyptian Exchange has several strategic initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African and Middle Eastern stock exchanges to create a more robust and interconnected capital market across the region. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Egyptian Exchange is a cornerstone of Egypt’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the EGX is poised to significantly contribute to Egypt’s economic development and to strengthen its position as a leading financial market in the Middle East and Africa. 

        Dar es Salaam Stock Exchange (DSE)

        Introduction 

        The Dar es Salaam Stock Exchange (DSE) is the principal stock exchange in Tanzania. Established to provide a platform for the trading of securities and to mobilize capital for economic development, the DSE plays a critical role in the financial sector of Tanzania. 

        History and Development 

        The Dar es Salaam Stock Exchange was founded in 1996, marking a significant milestone in the development of Tanzania’s financial markets. The establishment of the DSE was part of broader economic reforms aimed at enhancing the country’s financial infrastructure and attracting both domestic and international investment. 

        Structure and Operation 

        The DSE operates under the regulatory oversight of the Capital Markets and Securities Authority (CMSA), which ensures compliance with international standards of transparency, fairness, and market integrity. The exchange utilizes a fully electronic trading system that facilitates efficient and secure transactions. 

        The DSE is organized into several market segments: 

        1. Main Investment Market (MIM): For large, established companies. 
        2. Enterprise Growth Market (EGM): Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Fixed Income Market: For trading government and corporate bonds. 

        Listed Companies and Securities 

        The DSE lists a diverse range of companies from various sectors, including banking, telecommunications, manufacturing, and agriculture. Some notable companies listed on the DSE include: 

        1. CRDB Bank Plc: One of the largest banking institutions in Tanzania. 
        2. Tanzania Breweries Limited (TBL): A leading beverage manufacturer. 
        3. Tanzania Portland Cement Company (TPCC): A major player in the construction materials sector. 
        4. Vodacom Tanzania Plc: A significant telecommunications provider. 

        The exchange also provides a platform for trading government and corporate bonds, contributing to the development of the fixed income market in Tanzania. 

        Performance and Market Dynamics 

        The performance of the Dar es Salaam Stock Exchange is tracked through several indices, with the DSE All Share Index (DSEI) being the primary benchmark. The DSEI includes all listed stocks and provides a comprehensive measure of the market’s performance. Additionally, the Tanzania Share Index (TSI) focuses on the performance of domestic stocks. 

        Challenges 

        Despite its significance and growth, the DSE faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and trading infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Dar es Salaam Stock Exchange has several initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the potential adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Dar es Salaam Stock Exchange is a cornerstone of Tanzania’s financial sector, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the DSE is poised to significantly contribute to Tanzania’s economic development and to strengthen its position as a leading financial market in the East African region. 

        Central Africa Securities Exchange (BVMAC)

        Introduction 

        The Central Africa Securities Exchange, commonly known as BVMAC (Bourse des Valeurs Mobilières de l’Afrique Centrale), is the principal stock exchange serving the Central African region. BVMAC operates as a pivotal financial market, facilitating the trading of securities and contributing to the economic development of the Central African Economic and Monetary Community (CEMAC) member countries. 

        History and Development 

        BVMAC was established in 2003, following efforts to create a unified financial market for the CEMAC region, which includes Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The creation of BVMAC aimed to enhance regional financial integration and provide a platform for companies to raise capital and investors to access diversified investment opportunities. 

        Structure and Operation 

        The BVMAC operates under the regulatory oversight of COSUMAF (Commission de Surveillance du Marché Financier de l’Afrique Centrale), ensuring compliance with international standards and promoting transparency, fairness, and market integrity. The exchange utilizes an electronic trading system, which facilitates efficient and secure transactions. 

        BVMAC is structured into different market segments, including: 

        1. Equity Market: For the listing and trading of shares of companies. 
        2. Debt Market: For trading government and corporate bonds. 
        3. Other Instruments: Including mutual funds and other collective investment schemes. 

        Listed Companies and Securities 

        The BVMAC lists a variety of companies from different sectors, reflecting the economic diversity of the CEMAC region. Some of the notable companies listed on BVMAC include: 

        1. Société Générale Cameroun: A major banking institution in Cameroon. 
        2. SEEG (Société d’Energie et d’Eau du Gabon): A leading utility company in Gabon. 
        3. Sogea Satom: A significant player in the construction and civil engineering sector. 

        The exchange also provides a platform for trading government and corporate bonds, contributing to the development of the fixed income market in the region. 

        Performance and Market Dynamics 

        The performance of the BVMAC is tracked through its primary index, which reflects the overall performance of the listed securities. The market dynamics are influenced by various factors, including economic conditions, political stability, and investor confidence within the CEMAC region. 

        Challenges 

        Despite its strategic importance, BVMAC faces several challenges: 

        1. Market Liquidity: The trading volume on BVMAC is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Awareness and Education: There is a need to increase public awareness and education on the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements in regulatory frameworks and trading infrastructure are necessary to align with international best practices and enhance market efficiency. 

        Future Prospects 

        BVMAC has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to attract more companies, particularly from the private sector, to list on BVMAC, thereby increasing market depth and liquidity. 
        2. Regional Integration: Initiatives to further integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        3. Technological Upgrades: Ongoing investments in technology to improve trading systems and infrastructure. 
        4. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Central Africa Securities Exchange (BVMAC) is a vital component of the financial infrastructure in the CEMAC region, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and regional integration positions it well for future growth. With strategic initiatives focused on increasing listings, enhancing technology, and promoting investor education, BVMAC is poised to play a significant role in the economic development of the Central African region. 

        Casablanca Stock Exchange (CSE)

        Introduction 

        The Casablanca Stock Exchange (CSE), known in French as Bourse de Casablanca, is the principal stock exchange of Morocco and one of the largest and most prominent exchanges in Africa. It serves as a critical component of Morocco’s financial system, facilitating the trading of a wide range of securities and playing a key role in the country’s economic development. 

        History and Development 

        The CSE was established in 1929, making it one of the oldest stock exchanges in Africa. Over the decades, the exchange has undergone significant transformations and modernization efforts to improve its infrastructure, regulatory framework, and market accessibility. These efforts have positioned the CSE as a leading financial market in the region. 

        Structure and Operation 

        The Casablanca Stock Exchange operates under the regulatory oversight of the Moroccan Capital Market Authority (Autorité Marocaine du Marché des Capitaux – AMMC). The CSE employs a fully electronic trading system that ensures efficient, transparent, and secure transactions. 

        The CSE is organized into several market segments, including: 

        1. Official Market: The main market for large and established companies. 
        2. Growth Market: Designed to support small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Bond Market: For the trading of government and corporate bonds. 

        Listed Companies and Securities 

        The CSE lists a diverse array of companies across various sectors, including banking, telecommunications, real estate, and industry. Some notable companies listed on the CSE include: 

        1. Attijariwafa Bank: One of the largest banks in Morocco. 
        2. Banque Centrale Populaire (BCP): A major financial institution in the country. 
        3. Maroc Telecom: The leading telecommunications company in Morocco. 
        4. LafargeHolcim Maroc: A prominent player in the construction and building materials sector. 

        In addition to equities, the CSE provides a platform for trading various debt instruments, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the Casablanca Stock Exchange is tracked through several indices, with the MASI (Moroccan All Shares Index) being the primary benchmark. The MASI includes all listed stocks and provides a comprehensive measure of the market’s performance. Additionally, the MADEX (Moroccan Most Active Shares Index) focuses on the most actively traded stocks. 

        Challenges 

        Despite its significance and growth, the CSE faces several challenges: 

        1. Market Liquidity: Enhancing liquidity remains a priority to ensure that the market can absorb larger volumes of trades without significant price fluctuations. 
        2. Market Awareness and Education: Increasing public awareness and understanding of the stock market is essential to broaden the investor base. 
        3. Regulatory and Technological Advancements: Continuous improvements in the regulatory framework and technological infrastructure are necessary to keep pace with global standards and attract more international investors. 

        Future Prospects 

        The Casablanca Stock Exchange has several initiatives aimed at bolstering its market position and enhancing its operations: 

        1. Technology Upgrades: Ongoing investments in technology to improve trading systems and infrastructure, including the adoption of blockchain and other advanced technologies. 
        2. Increasing Listings: Efforts to attract more companies, particularly SMEs, to list on the exchange, thereby increasing market depth and diversity. 
        3. Regional Integration: Initiatives to integrate with other African stock exchanges to create a more robust and interconnected capital market across the continent. 
        4. Sustainability and Green Finance: Promoting sustainable finance and green bonds to attract environmentally conscious investors and support sustainable development goals. 

        Conclusion 

        The Casablanca Stock Exchange is a cornerstone of Morocco’s financial sector, providing a vital platform for capital raising and investment. Despite facing challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and support, the CSE is poised to continue contributing significantly to Morocco’s economic development and to strengthen its position as a leading financial market in Africa. 

        Nairobi Securities Exchange (NSE)

        Introduction 

        The Nairobi Securities Exchange (NSE) is the principal stock exchange in Kenya, playing a critical role in the country’s financial sector. Established to facilitate the mobilization of capital, the NSE provides a platform for the trading of securities, including shares, bonds, and derivatives. 

        History and Development 

        The Nairobi Securities Exchange was founded in 1954, initially operating as a regional stock exchange for East Africa. Over the years, it has evolved significantly, with various reforms and technological advancements enhancing its operations and market efficiency. The exchange was initially known as the Nairobi Stock Exchange but rebranded to the Nairobi Securities Exchange in 2011 to reflect its expanded role in offering a wider range of financial instruments. 

        Structure and Operation 

        The NSE operates under the regulatory oversight of the Capital Markets Authority (CMA) of Kenya, ensuring adherence to international standards of transparency, fairness, and market integrity. The exchange utilizes a sophisticated electronic trading platform known as the Automated Trading System (ATS), which facilitates efficient and transparent trading of securities. 

        The NSE is organized into several market segments, including: 

        1. Main Investment Market Segment (MIMS): For larger, established companies. 
        2. Alternative Investment Market Segment (AIMS): Targeted at small and medium-sized enterprises (SMEs) with high growth potential. 
        3. Fixed Income Securities Market Segment (FISMS): For trading government and corporate bonds. 
        4. Growth and Enterprise Market Segment (GEMS): Designed to support the growth of small and medium-sized companies. 

        Listed Companies and Securities 

        The NSE lists a diverse range of companies across various sectors, including banking, telecommunications, manufacturing, and agriculture. Some notable companies listed on the NSE include: 

        1. Safaricom Plc: Kenya’s leading telecommunications company. 
        2. Equity Group Holdings: A major financial services conglomerate. 
        3. Kenya Commercial Bank (KCB) Group: One of the largest banks in Kenya. 
        4. East African Breweries Limited (EABL): A prominent beverage manufacturer. 

        The exchange also provides a platform for trading government and corporate bonds, as well as derivatives. 

        Performance and Market Dynamics 

        The performance of the Nairobi Securities Exchange is tracked through several indices, with the NSE 20 Share Index being one of the most prominent. This index reflects the performance of 20 of the most liquid and well-capitalized stocks. Additionally, the NSE All Share Index (NASI) offers a broader measure of market performance by including all listed stocks. 

        Challenges 

        Despite its significance, the NSE faces several challenges: 

        1. Market Liquidity: While the NSE has a relatively active market, liquidity remains a challenge, especially for smaller stocks. 
        2. Investor Education: There is a continuous need for increasing public awareness and education regarding the benefits and risks of investing in the stock market. 
        3. Regulatory Environment: Ensuring that the regulatory framework keeps pace with the rapidly changing financial landscape is crucial. 

        Future Prospects 

        The Nairobi Securities Exchange has several strategic initiatives aimed at enhancing its market presence and operations: 

        1. Technology Upgrades: Continuous improvements to its trading infrastructure to support more sophisticated financial products and services. 
        2. Increasing Listings: Efforts to attract more local and international companies to list on the NSE, thereby increasing market depth and diversity. 
        3. Investor Education and Outreach: Implementing comprehensive investor education programs to broaden market participation and enhance financial literacy. 

        Conclusion 

        The Nairobi Securities Exchange is a cornerstone of Kenya’s financial system, providing a vital platform for capital raising and investment. While it faces challenges, its commitment to modernization, regulatory improvement, and market expansion positions it well for future growth. With the right strategic initiatives and regulatory support, the NSE is poised to significantly contribute to Kenya’s economic development. 

        Mozambique Stock Exchange (BVM)

        Introduction 

        The Mozambique Stock Exchange, known as the Bolsa de Valores de Moçambique (BVM), is the primary stock exchange in Mozambique. Established to foster economic development and provide a platform for capital raising, the BVM plays a crucial role in the financial infrastructure of Mozambique. 

        History and Development 

        The BVM was officially established in October 1999, as part of Mozambique’s broader financial sector reform. The creation of the exchange was aimed at facilitating the mobilization of domestic and international capital, thereby supporting the growth of Mozambican enterprises and contributing to the overall economic development of the country. 

        Structure and Operation 

        The BVM operates under the regulatory framework established by the Bank of Mozambique (Banco de Moçambique), ensuring that the exchange adheres to principles of transparency, fairness, and efficiency. The exchange uses a manual trading system, but there are plans and discussions about transitioning to a more automated and electronic trading platform to improve accessibility and efficiency. 

        Listed Companies and Securities 

        The Mozambique Stock Exchange has a modest number of listed companies compared to more developed markets. The listings cover various sectors including banking, industry, and agriculture. Some notable listed companies include: 

        1. Cervejas de Moçambique (CDM): A leading brewery in Mozambique. 
        2. Companhia Moçambicana de Hidrocarbonetos (CMH): An important player in the oil and gas sector. 
        3. Empresa Moçambicana de Seguros (EMOSE): A significant company in the insurance industry. 

        The BVM provides a platform for trading both equities and fixed income securities, including government and corporate bonds. 

        Performance and Market Dynamics 

        The performance of the BVM is tracked through its primary index, the Mozambique Stock Exchange Index (BVM Index), which reflects the overall performance of the listed securities. The market has seen varying levels of activity and growth, influenced by the economic conditions, political stability, and investor confidence. 

        Challenges 

        The BVM faces several challenges that are typical for emerging markets: 

        1. Low Liquidity: The trading volume on the BVM is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness: There is a need to increase public awareness and education regarding the benefits of participating in the stock market. 
        3. Regulatory and Infrastructure Development: Continuous improvements are needed in regulatory frameworks and trading infrastructure to align with international best practices and to enhance market efficiency. 

        Future Prospects 

        The Mozambique Stock Exchange has several initiatives and strategic plans aimed at enhancing its market presence and operations: 

        1. Increasing Listings: Efforts are being made to encourage more companies, especially small and medium-sized enterprises (SMEs), to list on the BVM. This would help increase market depth and liquidity. 
        2. Technological Upgrades: Plans to introduce electronic trading systems to improve trading efficiency and accessibility. 
        3. Investor Education: Implementing continuous investor education programs to increase market participation and awareness. 

        Conclusion 

        The Mozambique Stock Exchange is a vital component of the country’s financial system, providing a platform for capital raising and investment. While it faces challenges common to emerging markets, its commitment to modernization and expansion positions it well for future growth. With the right strategic initiatives and regulatory support, the BVM has the potential to significantly contribute to Mozambique’s economic development. 

        MERJ Exchange Limited

        Introduction 

        MERJ Exchange Limited is a leading stock exchange based in the Seychelles, known for its innovative approach to capital markets. It integrates traditional financial instruments with digital assets, making it one of the few exchanges globally that provides a comprehensive ecosystem for trading securities, cryptocurrencies, and other digital assets. 

        History and Development 

        MERJ Exchange was founded in 2011, originally known as Trop-X. It rebranded to MERJ Exchange Limited in 2019 to better reflect its expanded vision and capabilities in the financial markets. The exchange operates under the regulatory oversight of the Seychelles Financial Services Authority (FSA), adhering to international standards and practices. 

        Structure and Operation 

        MERJ Exchange offers a multi-market platform encompassing three main segments: 

        1. MERJ Primary: This is the primary market segment where companies can list their shares and raise capital through initial public offerings (IPOs). 
        2. MERJ Secondary: This secondary market provides a platform for trading listed securities, ensuring liquidity and price discovery. 
        3. MERJ Digital: A cutting-edge platform that facilitates the listing and trading of digital assets, including security tokens and cryptocurrencies. 

        The exchange utilizes a sophisticated electronic trading system that ensures efficient, transparent, and secure transactions. Its infrastructure supports a wide range of financial instruments, catering to both traditional and digital asset markets. 

        Listed Companies and Securities 

        MERJ Exchange lists a diverse range of securities, including equities, debt instruments, derivatives, and digital assets. Some notable companies listed on the exchange include: 

        1. FCA Investments: A diversified holding company with interests in various sectors. 
        2. Seychelles Commercial Bank: A leading financial institution in Seychelles. 
        3. African Agricultural Fund: An investment vehicle focused on the agricultural sector in Africa. 

        In addition to traditional securities, MERJ Exchange has embraced the tokenization of assets, enabling the listing and trading of security tokens. This innovative approach allows for fractional ownership and increased liquidity of assets. 

        Performance and Market Dynamics 

        The performance of MERJ Exchange is tracked through its various indices, which provide insights into market trends and investor sentiment. The exchange has seen significant growth in trading volumes and market capitalization, driven by its unique offering of both traditional and digital asset markets. 

        Regulatory and Compliance Framework 

        MERJ Exchange operates within a robust regulatory framework established by the Seychelles Financial Services Authority. The exchange adheres to international standards, ensuring transparency, investor protection, and market integrity. It has implemented stringent know-your-customer (KYC) and anti-money laundering (AML) procedures to maintain high levels of security and trust. 

        Challenges 

        MERJ Exchange faces several challenges typical of emerging markets and innovative financial platforms: 

        1. Market Awareness: Increasing awareness and understanding of its unique value proposition among global investors. 
        2. Regulatory Evolution: Keeping pace with the rapidly evolving regulatory landscape for digital assets. 
        3. Liquidity: Ensuring sufficient liquidity, especially in the digital asset market, to attract and retain investors. 

        Future Prospects 

        MERJ Exchange is well-positioned for future growth, with several strategic initiatives aimed at enhancing its market presence and offerings: 

        1. Global Expansion: Plans to attract more international listings and investors to increase market depth and liquidity. 
        2. Technological Advancements: Continuous upgrades to its trading infrastructure to support new asset classes and improve trading efficiency. 
        3. Partnerships and Collaborations: Forming strategic partnerships with other financial institutions and technology providers to expand its ecosystem. 

        Conclusion 

        MERJ Exchange Limited is at the forefront of integrating traditional financial markets with the burgeoning digital asset space. Its comprehensive and innovative approach provides a unique platform for investors and issuers alike. With a strong regulatory foundation and a commitment to technological advancement, MERJ Exchange is poised to play a significant role in the future of global capital markets. 

        Malawi Stock Exchange (MSE)

        Introduction 

        The Malawi Stock Exchange (MSE) is the primary stock exchange in Malawi, operating as a key player in the country’s financial sector. Established in 1994, the MSE has been instrumental in fostering economic growth and providing a platform for companies to raise capital through the issuance of shares. 

        History and Development 

        The Malawi Stock Exchange was inaugurated on November 11, 1994, with the assistance of the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP). Its establishment aimed to create a formal market for trading securities, which would help in mobilizing domestic and international capital to stimulate economic development. 

        Structure and Operation 

        The MSE operates under the regulatory oversight of the Reserve Bank of Malawi (RBM), which ensures that the exchange adheres to international standards of transparency, fairness, and efficiency. The stock exchange operates on a manual trading system, but there have been ongoing discussions and plans to transition to a more automated and electronic trading system to enhance efficiency and accessibility. 

        Listed Companies and Securities 

        As of recent years, the MSE has listed over a dozen companies across various sectors, including financial services, telecommunications, consumer goods, and agriculture. Notable companies listed on the MSE include: 

        1. National Bank of Malawi (NBM) 
        2. Illovo Sugar Malawi 
        3. Press Corporation Limited (PCL) 
        4. TNM (Telekom Networks Malawi) 

        In addition to equities, the MSE also provides a market for government and corporate bonds, which are crucial for raising long-term capital for both public and private sector projects. 

        Performance and Market Dynamics 

        The performance of the Malawi Stock Exchange is often reflected through its primary index, the Malawi All Share Index (MASI). The MASI tracks the overall performance of the listed stocks and serves as a barometer for the market’s health. Over the years, the MSE has experienced fluctuating performance, influenced by various factors such as economic conditions, political stability, and investor sentiment. 

        Challenges 

        Despite its critical role, the MSE faces several challenges: 

        1. Low Liquidity: The trading volume on the MSE is relatively low, which can be attributed to the limited number of listed companies and a small investor base. 
        2. Market Awareness: There is a need for greater public awareness and education on the benefits of investing in the stock market. 
        3. Regulatory Environment: While the regulatory framework is in place, continuous improvements and updates are necessary to align with global best practices. 

        Future Prospects 

        The future of the Malawi Stock Exchange looks promising with several initiatives aimed at boosting its performance and accessibility: 

        1. Automation and Technological Upgrades: Plans to introduce electronic trading systems will make the exchange more efficient and accessible to a broader range of investors. 
        2. Increased Listings: Efforts are being made to encourage more companies, especially SMEs, to list on the MSE, thereby increasing market depth and liquidity. 
        3. Investor Education: Continuous investor education programs are being implemented to increase market participation and awareness. 

        Conclusion 

        The Malawi Stock Exchange is a vital component of the country’s financial infrastructure, playing a significant role in capital formation and economic growth. Despite facing challenges, the MSE’s commitment to modernization and expanding its market base positions it well for future growth and increased contribution to Malawi’s economy. 

        Lusaka Stock Exchange (LuSE)

        The Lusaka Stock Exchange (LuSE) is the principal stock exchange of Zambia, located in the capital city, Lusaka. Established in 1993, it serves as a platform for trading securities and plays a crucial role in the country’s financial markets, contributing to economic growth and development. 

        History and Establishment 

        LuSE was established with the support of the World Bank and the International Finance Corporation (IFC) to foster an efficient and transparent capital market in Zambia. The exchange was officially opened on February 21, 1994. The establishment aimed to promote investment, encourage savings, and provide companies with access to long-term capital. 

        Market Structure and Operations 

        LuSE operates under a dual market structure, consisting of the Main Market and the Alternative Market (Alt-M). The Main Market caters to larger, more established companies, while the Alt-M provides a platform for smaller and emerging businesses to raise capital. 

        Key Components: 

        1. Trading System: LuSE uses an automated trading system, which enhances the efficiency and transparency of trading activities. The electronic trading platform allows for real-time trading and settlement. 
        2. Listed Companies: The exchange lists a diverse range of companies from various sectors, including banking, telecommunications, manufacturing, and mining. Notable companies include Zambia National Commercial Bank (ZANACO), Copperbelt Energy Corporation (CEC), and Lafarge Zambia. 
        3. Indices: The LuSE All-Share Index (LASI) is the primary index that tracks the performance of all listed companies on the exchange. It serves as a barometer for the overall market performance. 

        Regulatory Framework 

        The LuSE operates under the supervision of the Securities and Exchange Commission of Zambia (SECZ), which ensures that the exchange adheres to international best practices and standards. The regulatory framework aims to protect investors, maintain market integrity, and promote fair trading practices. 

        Economic Impact 

        LuSE has played a significant role in Zambia’s economic development by facilitating the mobilization of domestic and international capital. It provides companies with access to funding for expansion and development projects, thereby contributing to job creation and economic growth. Additionally, the exchange offers investors an opportunity to diversify their portfolios and invest in the growth potential of Zambian companies. 

        Challenges and Future Prospects 

        Despite its achievements, LuSE faces several challenges, including low liquidity, limited market capitalization, and a small number of listed companies. Efforts are ongoing to address these challenges through initiatives aimed at increasing market participation, enhancing investor education, and improving the overall market infrastructure. 

        Looking forward, LuSE aims to expand its product offerings, attract more listings, and integrate with regional markets to enhance its competitiveness. The exchange is also exploring the potential of digital financial technologies to further modernize its operations and broaden its appeal to a wider range of investors. 

        Conclusion 

        The Lusaka Stock Exchange is a vital component of Zambia’s financial system, providing a platform for capital raising and investment. With continued efforts to overcome challenges and leverage new opportunities, LuSE has the potential to further contribute to the economic development and financial stability of Zambia. 

        Khartoum Stock Exchange (KSE)

        The Khartoum Stock Exchange (KSE) is Sudan’s primary securities exchange, serving as a platform for trading equities, government bonds, and other financial instruments. It plays a crucial role in the Sudanese financial system, providing a mechanism for capital raising and investment in the country. 

        Historical Background 

        1990s: Establishment and Early Years 

        The Khartoum Stock Exchange was officially established in 1994, during a period of significant economic reforms in Sudan. The creation of the KSE was part of the government’s efforts to modernize the financial sector and promote economic development by facilitating access to capital for businesses and offering investment opportunities for individuals and institutions. 

        Structure and Operations 

        The KSE operates as a fully electronic trading platform, supporting the trading of various financial instruments, including equities, government bonds, and other securities. The exchange is regulated by the Sudanese Financial Services Authority (SFSA), which ensures compliance with financial regulations and promotes market integrity. 

        Key Milestones 

        1994: Inception and Initial Development 

        The KSE commenced operations in 1994 with a limited number of listings. The early years focused on building the necessary infrastructure and regulatory frameworks to support market operations. The establishment of a Central Securities Depository (CSD) was a significant step in improving the settlement and custody of securities. 

        2000s: Expansion and Technological Advancements 

        Throughout the 2000s, the KSE invested in technological advancements to enhance its trading platform and market infrastructure. The introduction of electronic trading systems improved market efficiency, transparency, and accessibility for investors. This period also saw an increase in the number of listed companies and the diversification of financial instruments available on the exchange. 

        Regulatory Framework 

        The KSE is regulated by the Sudanese Financial Services Authority (SFSA), which oversees the activities of the exchange and ensures compliance with financial regulations. The SFSA’s responsibilities include protecting investors, ensuring fair and transparent market practices, and promoting the development of the capital market in Sudan. 

        Key Indices 

        The performance of the KSE is measured using several key indices: 

        • KSE Index: This is the main benchmark index of the KSE, tracking the performance of the most liquid and capitalized stocks listed on the exchange. 
        • KSE Bond Index: This index tracks the performance of the bond market on the KSE, reflecting the performance of various fixed-income securities. 

        Market Performance and Trends 

        The KSE has demonstrated resilience and growth over the years, supported by Sudan’s economic policies and regulatory framework. However, the market has faced challenges due to political instability, economic sanctions, and macroeconomic volatility, which have impacted investor sentiment and market activity. 

        Challenges and Opportunities 

        Challenges 

        1. Political Instability: Political instability and economic sanctions have posed significant challenges to the KSE, affecting investor confidence and market stability. 
        2. Market Liquidity: The KSE faces challenges related to market liquidity, which can affect trading volumes and price stability. 
        3. Economic Volatility: Sudan’s economic performance is influenced by various factors, including global commodity prices and domestic economic policies, which can impact market performance. 

        Opportunities 

        1. Economic Reforms: Ongoing economic reforms aimed at improving the business environment and attracting investment can provide new growth opportunities for the KSE. 
        2. Regional Integration: Efforts to integrate with regional markets can open up new opportunities for cross-border investment and listings. 
        3. Technological Innovation: Continued investment in technology can enhance market operations, improve accessibility, and attract a broader range of investors. 

        Future Outlook 

        The KSE is well-positioned for continued growth and development. Strategic initiatives focused on enhancing market infrastructure, expanding product offerings, and attracting more listings are expected to drive future growth. Additionally, the exchange’s commitment to improving corporate governance and investor protection will further strengthen investor confidence and market integrity. 

        Conclusion 

        The Khartoum Stock Exchange plays a vital role in Sudan’s financial landscape, providing a platform for capital raising and investment. With a strong regulatory framework, technological advancements, and a commitment to market development, the KSE is poised to contribute significantly to Sudan’s economic growth and financial integration. 

        Cape Verde Stock Exchange (BVC)

        The Cape Verde Stock Exchange, known as Bolsa de Valores de Cabo Verde (BVC), is a pivotal institution in the financial landscape of Cape Verde. It serves as the primary platform for securities trading in the country, providing opportunities for capital raising and investment. 

        Historical Background 

        1990s: Establishment and Inception 

        The BVC was established in May 1998, during a period when Cape Verde was implementing significant economic reforms to modernize its financial sector. The creation of the BVC aimed to foster economic growth by facilitating access to capital for businesses and providing investment opportunities for both local and international investors. 

        Structure and Operations 

        The BVC operates as a fully electronic exchange, supporting the trading of various financial instruments, including equities, bonds, and other securities. The exchange is regulated by the Capital Markets Authority (CMA) of Cape Verde, which ensures compliance with financial regulations and promotes market integrity. 

        Key Milestones 

        2005: Operationalization 

        Although established in 1998, the BVC became fully operational in 2005. This period saw the implementation of essential infrastructure and regulatory frameworks necessary for efficient market operations. The establishment of a Central Securities Depository (CSD) was a crucial step in improving the settlement and custody of securities. 

        2010s: Technological Advancements and Market Growth 

        Throughout the 2010s, the BVC embraced technological advancements to enhance its trading platform and market infrastructure. The adoption of electronic trading systems improved market efficiency, transparency, and accessibility for investors. This period also saw an increase in the number of listed companies and the diversification of financial instruments available on the exchange. 

        Regulatory Framework 

        The BVC is regulated by the Capital Markets Authority (CMA) of Cape Verde, which oversees the activities of the exchange and ensures compliance with financial regulations. The CMA’s responsibilities include protecting investors, ensuring fair and transparent market practices, and promoting the development of the capital market in Cape Verde. 

        Key Indices 

        The performance of the BVC is often measured using several key indices: 

        • BVC General Index: This index tracks the performance of all listed stocks on the BVC, providing a comprehensive view of the overall market performance. 
        • BVC Bond Index: This index tracks the performance of the bond market on the BVC, reflecting the performance of various fixed-income securities. 

        Market Performance and Trends 

        The BVC has shown resilience and steady growth over the years, supported by Cape Verde’s stable political environment and sound economic policies. The market has attracted both local and international investors, driven by the country’s strategic location, economic stability, and ongoing efforts to improve the business environment. 

        Challenges and Opportunities 

        Challenges 

        1. Market Liquidity: The BVC faces challenges related to market liquidity, which can affect trading volumes and price stability. 
        2. Economic Scale: As a small island economy, Cape Verde’s market size is relatively limited, which can impact the depth and diversity of investment opportunities. 
        3. Investor Awareness: Increasing awareness and understanding of the stock market among the general population and potential issuers remains a challenge. 

        Opportunities 

        1. Economic Stability: Cape Verde’s stable political and economic environment provides a solid foundation for market growth. 
        2. Tourism and Foreign Investment: The country’s strong tourism sector and efforts to attract foreign investment can create new opportunities for capital raising and market expansion. 
        3. Technological Innovation: Continued investment in technology can enhance market operations, improve accessibility, and attract a broader range of investors. 

        Future Outlook 

        The BVC is well-positioned for continued growth and development. Strategic initiatives focused on enhancing market infrastructure, expanding product offerings, and attracting more listings are expected to drive future growth. Additionally, the exchange’s commitment to improving corporate governance and investor protection will further strengthen investor confidence and market integrity. 

        Conclusion 

        The Cape Verde Stock Exchange plays a vital role in the country’s financial landscape, providing a platform for capital raising and investment. With a strong regulatory framework, technological advancements, and a commitment to market development, the BVC is poised to contribute significantly to Cape Verde’s economic growth and financial integration. 

        Bourse Régionale des Valeurs Mobilières (BRVM)

        The Bourse Régionale des Valeurs Mobilières (BRVM) is a unique stock exchange serving the West African Economic and Monetary Union (WAEMU). It is based in Abidjan, Côte d’Ivoire, and plays a crucial role in the region’s financial market by facilitating capital raising and investment across multiple countries. 

        Historical Background 

        1990s: Establishment and Inception 

        The BRVM was established on December 18, 1996, as part of a broader effort to integrate the financial markets of the WAEMU member countries. These countries include Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. The exchange began trading operations on September 16, 1998. The establishment of the BRVM aimed to create a more efficient and unified financial market in the region, enhancing access to capital and fostering economic growth. 

        Structure and Operations 

        The BRVM operates as a fully electronic exchange, supporting the trading of various financial instruments, including equities, bonds, and exchange-traded funds (ETFs). It is regulated by the Conseil Régional de l’Épargne Publique et des Marchés Financiers (CREPMF), which ensures compliance with financial regulations and promotes market integrity across the WAEMU region. 

        Key Milestones 

        1998: Commencement of Trading 

        The BRVM commenced trading in September 1998, marking a significant milestone in the development of the regional financial market. The initial listings included a mix of regional companies, providing investors with a diverse range of investment opportunities. 

        2000s: Technological Advancements 

        Throughout the 2000s, the BRVM invested in technological advancements to enhance its trading platform and market infrastructure. The introduction of electronic trading systems improved market efficiency, transparency, and accessibility for investors. 

        2010s: Market Expansion and Integration 

        In the 2010s, the BRVM focused on expanding its market and integrating with other regional financial markets. Initiatives included promoting cross-border listings and investments, improving regulatory frameworks, and enhancing investor protection measures. 

        Regulatory Framework 

        The BRVM is regulated by the CREPMF, which oversees the activities of the exchange and ensures that it operates in compliance with financial regulations. The CREPMF’s mandate includes protecting investors, ensuring fair and transparent market practices, and promoting the development of the capital market in the WAEMU region. 

        Key Indices 

        The performance of the BRVM is measured using several key indices: 

        • BRVM Composite Index: This index tracks the performance of all listed stocks on the BRVM, providing a broad view of the overall market performance. 
        • BRVM 10 Index: This index comprises the top 10 most liquid stocks on the exchange, offering a focused view of the leading companies in the market. 

        Market Performance and Trends 

        The BRVM has shown resilience and growth over the years, supported by the economic stability and development policies of the WAEMU member countries. The market has attracted a mix of local and international investors, driven by the region’s economic potential and strategic initiatives to improve market infrastructure. 

        Challenges and Opportunities 

        Challenges 

        1. Market Liquidity: The BRVM faces challenges related to market liquidity, which can affect trading volumes and price stability. 
        2. Economic Diversity: The economic performance of the WAEMU region is influenced by diverse factors, including political stability and global economic conditions, which can impact investor sentiment and market performance. 
        3. Awareness and Education: Increasing awareness and understanding of the stock market among the general population and potential issuers remains a challenge. 

        Opportunities 

        1. Economic Integration: The BRVM benefits from the economic integration of the WAEMU region, providing a larger and more diverse market for investors and issuers. 
        2. Technological Innovation: Continued investment in technology can enhance market operations, improve accessibility, and attract a broader range of investors. 
        3. Regional Development: Ongoing economic development initiatives in the WAEMU region can create new investment opportunities and drive market growth. 

        Future Outlook 

        The BRVM is well-positioned for continued growth and development. Strategic initiatives focused on enhancing market infrastructure, expanding product offerings, and attracting more listings are expected to drive future growth. Additionally, the exchange’s commitment to improving corporate governance and investor protection will further strengthen investor confidence and market integrity. 

        Conclusion 

        The Bourse Régionale des Valeurs Mobilières plays a vital role in the financial landscape of the WAEMU region, providing a platform for capital raising and investment. With a strong regulatory framework, technological advancements, and a commitment to market development, the BRVM is poised to contribute significantly to the economic growth and integration of the WAEMU region. 

        Bourse de Tunis (BVMT)

        The Bourse de Tunis, also known as the Tunis Stock Exchange (BVMT), is the principal stock exchange in Tunisia. It serves as a critical platform for the trading of equities and other securities, contributing significantly to the economic development of Tunisia by providing a mechanism for capital raising and investment.

        Historical Background

        1969: Establishment

        The Bourse de Tunis was established in 1969 to facilitate the trading of securities in Tunisia. The creation of the exchange was part of broader economic reforms aimed at modernizing the financial sector and encouraging investment in the country.

        Structure and Operations

        The BVMT operates a modern electronic trading platform that supports the trading of various financial instruments, including stocks, bonds, and exchange-traded funds (ETFs). It is regulated by the Financial Market Council (Conseil du Marché Financier, CMF), which ensures that the exchange operates transparently and in compliance with financial regulations.

        Key Milestones

        1990s: Modernization and Technological Advancements

        In the 1990s, the BVMT underwent significant modernization efforts. The introduction of electronic trading systems replaced the traditional open outcry method, enhancing efficiency and transparency. This period also saw the establishment of the Central Depository and Clearing House (STICODEVAM) in 1994, which improved the settlement and custody of securities.

        1995: Market Reforms

        In 1995, a series of market reforms were implemented to further develop the financial market in Tunisia. These reforms included the introduction of new financial instruments, improved regulatory oversight, and measures to attract both local and foreign investors.

        2010s: Strategic Initiatives

        In the 2010s, the BVMT focused on strategic initiatives to enhance market liquidity, increase listings, and promote the exchange as a regional financial hub. Efforts were made to improve corporate governance, investor protection, and market infrastructure.

        Regulatory Framework

        The BVMT is regulated by the Financial Market Council (CMF), which oversees the activities of the exchange and ensures compliance with financial regulations. The CMF’s mandate includes protecting investors, ensuring fair and transparent market practices, and promoting the development of the capital market in Tunisia.

        Key Indices

        The performance of the BVMT is often measured using several key indices:

        • TUNINDEX: The TUNINDEX is the main benchmark index of the BVMT, tracking the performance of the most liquid and capitalized stocks listed on the exchange. 
        • TUNINDEX20: This index comprises the top 20 companies in terms of market capitalization and liquidity, providing a more focused view of the leading stocks on the exchange. 

        Market Performance and Trends 

        The BVMT has demonstrated resilience and growth over the years, supported by Tunisia’s economic policies and regulatory framework. The market has attracted a mix of local and international investors, driven by the country’s strategic location, diversified economy, and ongoing economic reforms. 

        Challenges and Opportunities 

        Challenges 

        1. Market Liquidity: The BVMT faces challenges related to market liquidity, which can affect trading volumes and price stability. 
        2. Economic Volatility: Tunisia’s economic performance, influenced by both domestic and global factors, can impact investor sentiment and market stability. 
        3. Investor Awareness: There is a need to increase awareness and understanding of the stock market among the general population and potential issuers. 

        Opportunities 

        1. Economic Reforms: Ongoing economic reforms aimed at improving the business environment and attracting investment can provide new growth opportunities for the BVMT. 
        2. Technological Innovation: Continued investment in technology can enhance market operations, improve accessibility, and attract a broader range of investors. 
        3. Regional Integration: Efforts to integrate with regional markets can open up new opportunities for cross-border investment and listings. 

        Future Outlook 

        The Bourse de Tunis is well-positioned for continued growth and development. Strategic initiatives focused on enhancing market infrastructure, expanding product offerings, and attracting more listings are expected to drive future growth. Additionally, the exchange’s commitment to improving corporate governance and investor protection will further strengthen investor confidence and market integrity. 

        Conclusion 

        The Bourse de Tunis plays a vital role in Tunisia’s financial landscape, providing a platform for capital raising and investment. With a strong regulatory framework, technological advancements, and a commitment to market development, the BVMT is poised to contribute significantly to Tunisia’s economic growth and regional financial integration. 

        Botswana Stock Exchange (BSE) 

        The Botswana Stock Exchange (BSE) is one of Africa’s well-established stock exchanges, playing a pivotal role in the country’s financial system. It provides a platform for companies to raise capital and for investors to trade securities, contributing to Botswana’s economic growth and development.

        Historical Background

        1980s: Establishment

        The Botswana Stock Exchange was officially established in 1989, following the creation of the Botswana Share Market (BSM) in 1987. The BSM was a precursor to the BSE and operated as an informal market. The establishment of the BSE marked the formalization of securities trading in Botswana, with a regulatory framework aimed at enhancing market efficiency and investor protection.

        Structure and Operations

        The BSE operates as a modern, fully electronic exchange, facilitating the trading of various financial instruments, including equities, bonds, and exchange-traded funds (ETFs). It is regulated by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), ensuring compliance with financial regulations and maintaining market integrity.

        Key Milestones

        1990s: Early Growth and Development

        In its early years, the BSE focused on developing its infrastructure and regulatory framework. The introduction of the Central Securities Depository (CSD) in the late 1990s was a significant milestone, enabling electronic settlement of trades and improving market efficiency.

        2000s: Technological Advancements

        The 2000s saw the BSE embrace technological advancements to enhance trading operations. The exchange implemented an Automated Trading System (ATS) in 2008, replacing the manual trading system and significantly increasing transparency and efficiency.

        2010s: Market Expansion and Product Diversification

        In the 2010s, the BSE focused on expanding its market and diversifying its product offerings. The exchange introduced new financial instruments, including ETFs and bonds, to cater to a broader range of investors. It also launched initiatives to attract more listings, including from small and medium-sized enterprises (SMEs).

        Regulatory Framework

        The BSE is regulated by NBFIRA, which oversees the activities of non-bank financial institutions in Botswana. NBFIRA’s regulatory framework aims to ensure market integrity, protect investors, and promote fair and transparent trading practices. The BSE also has its own set of rules and regulations that govern market operations and participant behavior.

        Key Indices

        The performance of the BSE is often measured using several key indices:

        • Domestic Companies Index (DCI): This index tracks the performance of all domestic companies listed on the BSE, providing a broad view of the local market. 
        • Foreign Companies Index (FCI): This index tracks the performance of foreign companies listed on the BSE, reflecting the market’s international exposure. 

        Market Performance and Trends 

        The BSE has shown resilience and growth over the years, supported by Botswana’s stable economic environment and sound regulatory framework. The market has attracted both local and international investors, driven by the country’s political stability, prudent fiscal management, and commitment to economic development. 

        Challenges and Opportunities 

        Challenges 

        1. Market Liquidity: Like many emerging markets, the BSE faces challenges related to market liquidity, which can affect trading volumes and price stability. 
        2. Investor Awareness: Increasing awareness and understanding of the stock market among the general population and potential issuers remains a challenge. 
        3. Economic Diversification: The BSE’s performance is influenced by the broader economic environment, and efforts to diversify Botswana’s economy beyond mining are ongoing. 

        Opportunities 

        1. Economic Stability: Botswana’s stable political and economic environment provides a solid foundation for market growth. 
        2. Technological Innovation: Continued investment in technology can enhance market operations, improve accessibility, and attract a broader range of investors. 
        3. Regional Integration: Efforts to integrate with regional markets can open up new opportunities for cross-border investment and listings. 

        Future Outlook 

        The BSE is poised for continued growth and development, supported by strategic initiatives aimed at enhancing market infrastructure, expanding product offerings, and attracting more listings. The exchange’s focus on sustainability and corporate governance is also expected to strengthen investor confidence and market integrity. 

        Conclusion 

        The Botswana Stock Exchange plays a critical role in the country’s financial landscape, providing a platform for capital raising and investment. With a strong regulatory framework, technological advancements, and a commitment to market development, the BSE is well-positioned to contribute to Botswana’s economic growth and diversification. 

        Angola Stock Exchange (BODIVA) 

        The Angola Stock Exchange, known as the Bolsa de Dívida e Valores de Angola (BODIVA), is a relatively young institution in the African financial landscape. It was established to enhance the country’s financial infrastructure, promote economic growth, and attract both local and international investment.

        Historical Background

        2000s: Conception and Establishment

        The concept of creating a stock exchange in Angola dates back to the early 2000s, amid efforts to rebuild the country’s economy following decades of civil war. The government recognized the need for a structured financial market to facilitate capital raising and investment. However, it took several years of planning and development before the exchange became operational.

        2014: Launch of BODIVA

        BODIVA was officially launched in December 2014. The establishment of the exchange marked a significant milestone in Angola’s economic reform agenda. It was aimed at diversifying the economy, which heavily depended on oil revenues, and providing a platform for businesses to access capital.

        Structure and Operations

        BODIVA operates as a modern electronic trading platform, offering various financial instruments, including government bonds, corporate bonds, and eventually equities. The exchange is regulated by the Capital Markets Commission of Angola (CMC), which ensures compliance with financial regulations and promotes market integrity.

        Key Milestones

        Initial Focus on Debt Instruments

        At its inception, BODIVA primarily focused on debt instruments, particularly government bonds. This focus was intended to create a stable foundation for the market and build investor confidence. The trading of government bonds provided liquidity and allowed the government to raise funds for development projects.

        Gradual Introduction of Equities

        BODIVA’s strategic plan includes the gradual introduction of equities to the market. This phased approach ensures that the necessary regulatory and operational frameworks are in place to support equity trading. It also aims to prepare companies and investors for the transition to a more diversified market.

        Regulatory Framework

        The Capital Markets Commission (CMC) oversees the operations of BODIVA. The CMC’s responsibilities include licensing market participants, monitoring trading activities, and ensuring compliance with regulatory standards. This regulatory oversight is crucial for maintaining market integrity and protecting investor interests.

        Market Performance and Trends

        BODIVA’s market performance is closely tied to the broader economic conditions in Angola. The country’s economy has faced challenges, including fluctuations in oil prices, which impact investor sentiment and market activity. However, the exchange has made significant strides in developing a robust financial market infrastructure.

        Challenges and Opportunities

        Challenges

        1. Economic Volatility: Angola‘s heavy reliance on oil exports makes its economy susceptible to fluctuations in global oil prices, which can affect market stability. 
        2. Market Awareness: There is a need to increase awareness and understanding of the stock market among local businesses and investors. 
        3. Liquidity Issues: Limited market activity and low liquidity can hinder the growth and attractiveness of the exchange. 

        Opportunities 

        1. Economic Diversification: Efforts to diversify Angola‘s economy beyond oil can create new investment opportunities in various sectors, enhancing market depth. 
        2. Foreign Investment: Attracting foreign investors can bring capital, expertise, and confidence to the market, contributing to its growth and stability. 
        3. Technological Advancements: Leveraging technology to improve trading systems and market access can enhance efficiency and attract a broader range of participants. 

        Future Outlook 

        BODIVA aims to play a crucial role in Angola’s economic development by providing a platform for raising capital, promoting investment, and supporting economic diversification. The exchange’s strategic initiatives include expanding the range of financial instruments, improving market infrastructure, and fostering a culture of investment among Angolans. 

        Conclusion 

        The Angola Stock Exchange, BODIVA, represents a significant step forward in the country’s efforts to develop a vibrant and diversified financial market. While it faces challenges, its potential for growth and contribution to economic development remains substantial. As BODIVA continues to evolve, it is poised to become a key player in Angola’s financial sector, driving investment and fostering economic resilience. 

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