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.
About the Author:
Read more thoughts on Africa and technology by Erik Hersman at AfriGadget.com and WhiteAfrican.com.
To learn more about this author, visit Erik Hersman's Website.
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