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African Stock Market Opportunities Online
Written by: Erik HersmanArticle Overview: 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.
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Free Download - Google is Moving in East Africa By Erik Hersman |
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.
The Opportunities
Quite obviously, the web is the best place to play with information and make it available worldwide. When a developer looks at the opportunity in this space, he sees a mountain of data - the key ingredient to a successful web application. A smart developer sees this as the beginning, knowing that he has to harness both data AND people in order to make the website a hit. It’s a virtual playground - literally and figuratively.
As an investor, the perfect type of website for you would be a website that allows you to find all the historical information about a specific stock and/or company, see analysis, communicate with other investors and possibly manage transactions as well.
If you play your cards right, you can create the go-to site for information around stocks for a country. If you’re ambitious, you could do it on a continent-wide level.
I wanted to see if consumer sites like Google Finance and Yahoo Finance were tracking stocks in Africa. Google does follow the stocks, but without much more than some cursory company data, financials and news feeds. Yahoo doesn’t track anything besides indexes outside of the US (as far as I could tell).
The Caveat
Each country has it’s own rules regulating how information is passed with regards to stocks. It gets even more interesting when you throw in the ability to actually buy and sell stocks online. Anyone who gets into this space needs to be hyper-aware of the laws that regulate what they can/cannot do.
VII 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
Article Tags: african stock exchanges, bourse, brvm, burkina faso, caveat, continent, flock, google, guinea bissau, historical information, indexes, ivoire, mbendi, regional stock exchange, stock markets, tracking stocks, virtual playground, web application, wikipedia, yahoo finance
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About the Author: Erik Hersman RSS for Erik's articles - Visit Erik's website  Click here to visit Erik's website   Quick Hits Around the African Web African Digerati Ethan Zuckerman The Status Quo and Radical Ideas Street Meat Heater A Simple Solution Quick Mobile Hits Around Africa |
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Its's quite new but I have my entrepreneurial muscles up. It cost a lot to build since its bespoke and multi-admin, but its worth it. We are on the promotion phase now, which has a whole different set of challenges,but I'll keep you posted.You can go look at the site and support the best way you can.
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Cheers!
Re: Do Women Play the Stock Market?
- Thankfully, I do the finances in our household so there will be no surprises here! I cannot imagine not knowing what is going on. (In case you're wondering, my husband and I do consult with each other about major purchases though.)
Until recently, I've only played a little in my RRSP's. I can't say I made any huge gains. I've done much better in real estate. My sister has done really well trading her RRSP's in penny stocks and if I remember correctly, she recently doubled her money in only a year.
I'm hoping to change my own Stock Market record though! I got in on the ground level of a new green energy company in BC. It began as a private offering at 50 cents a share and now is offered at $1 a share only 3 months later. It's selling like hot cakes and will be closed to sales by the end of April (if there are any shares left). It was just evaluated by an independent company at around $6 a share. The company plans to be on the TSX this year and I expect to make a good return. Wish me well!
What do you do to give back?
- I'm launching new section of the site for social entrepreneurship and our first category is going to be called African Accounts. The goal with the project is to raise awareness of African entrepreneurs and showcase that entrepreneurship can be the path to achieving sustainable development. This has always been a passion of mine and I have done a number of talks around the world on this subject so I'm excited to bring it online as well.
We have recruited some of the top bloggers in the world who focus on African entrepreneurship and are preparing additional resources.
I believe that a big part of running a business is being socially responsible and giving back - even if it's donating your time to an organization or small amounts of money or products. You don't have to be mega-successful to make a difference.
What are some of the things you are doing to give back to the community around you?
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