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African Stock Market Opportunities Online
The stock markets in Africa have shown incredible growth over the last few years. There are a lot of investors around the world interested in both information and analysis of the stocks, companies and countries where the exchanges are located. Invariably, entrepreneurs flock to where the money is and you start seeing some interesting websites show up.
The List of African Stock Exchanges
Wikipedia has full list of the current African stock exhanges. There appears to be coverage in 37 countries, with one regional stock exchange, the Bourse Régionale des Valeurs Mobilières (BRVM), which serves 8 countries; Benin, Burkina Faso, Guinea Bissau, Côte d’Ivoire, Mali, Niger, Senegal and Togo. You can also take a look at Mbendi, that has a somewhat dated list, with links and contact information for each exchange.
Quite obviously, the web is the best place to play with information and make it available worldwide. When a developer looks at the opportunity in this space, he sees a mountain of data - the key ingredient to a successful web application. A smart developer sees this as the beginning, knowing that he has to harness both data AND people in order to make the website a hit. It’s a virtual playground - literally and figuratively.
As an investor, the perfect type of website for you would be a website that allows you to find all the historical information about a specific stock and/or company, see analysis, communicate with other investors and possibly manage transactions as well.
If you play your cards right, you can create the go-to site for information around stocks for a country. If you’re ambitious, you could do it on a continent-wide level.
I wanted to see if consumer sites like Google Finance and Yahoo Finance were tracking stocks in Africa. Google does follow the stocks, but without much more than some cursory company data, financials and news feeds. Yahoo doesn’t track anything besides indexes outside of the US (as far as I could tell).
Each country has it’s own rules regulating how information is passed with regards to stocks. It gets even more interesting when you throw in the ability to actually buy and sell stocks online. Anyone who gets into this space needs to be hyper-aware of the laws that regulate what they can/cannot do.
Related ArticlesVII D. Promote Institutional Investors: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
VII G. Strengthen Education: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
VII. A. Automation: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
Introduction: Stock Market Development in Sub-Saharan Africa
III. STOCK MARKET DEVELOPMENT IN SUB SAHARAN AFRICA:TRENDS AND CHARACTERISTICS
VI. B. Banking Sector Development: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?
VI. A. Macroeconomic Stability: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?
Different Types of Stock
VII F. Attract Capital Flows and Encourage Foreign Participation: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
VI. C. Institutional Quality: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?
VI. D. Shareholder Protection: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?
VIII. SUMMARY AND CONCLUSION: Stock Market Development in Sub-Saharan Africa
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By Erik Hersman
About the Author: Erik Hersman
RSS for Erik's articles - Visit Erik's website
Erik Hersman is a rising international technology influencer with a keen eye on the impact of Web 2.0 advancements in the U.S. and his finger on the pulse of technology innovation across Africa. An avid blogger Erik writes four different technology blogs including: AfriGadget; WhiteAfrican; African Signals; and Realty Thoughts. When he is not blogging Erik serves as VP of strategy and marketing at eppraisal.com an online real estate site providing on-demand access to home valuations, real estate professionals, home inspectors and appraisers. In this position he is responsible for marketing implementation, partner strategy and consumer evangelism. Raised in Sudan and Kenya, Erik brings unique energy and insight to the world of technology – bridging the gap between Africa and Silicon Valley. Erik can be seen speaking around the world at recognized conferences including the TEDGlobal conference in Tanzania and Inman’s Real Estate Connect.
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