Table of Contents
Read the full report below.
What does Africa have to offer investors as a listing destination?
The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination. Added to this, the US Government is looking to strengthen its commercial ties with Africa through its “Power Africa” and “Investing in Africa Trade for our Common Future” initiatives and its “Doing Business in Africa” campaign.
Despite the promising picture of investing in Africa described above, investors still have many unanswered questions, such as:
Is Africa really growing at a pace that outstrips the developed markets and warrants high levels of interest by the global investment community?
How does Africa feature with regards to global FDI flows?
Is this perceived improvement in political and macroeconomic stability, policy certainty, and legal systems in African countries an actuality and, more importantly, is policy and political uncertainty, poor legal systems, and disease likely to impact on growth and FDI flows into Africa?
Is there capital available in local African markets?
Are the African stock exchanges illiquid in comparison with their European, American and Australasian counterparts and, if so, why?
Recommended: IPO Watch Africa 2014: PwC (Infographics & Report)
The KPMG “Listing in Africa – Extractive Industries” supplement to the “Listing in Africa” publication attempts to answer these questions and also to provide potential investors with an interest in the extractive industries in Africa with some further insights into the following:
How significant the extractive industries are with regards to the equity market capitalisation and liquidity of the various African stock exchanges;
How the various African countries rank in comparison with their international peers with regards to various rating criteria, in particular, policy and political uncertainty;
The fiscal policies applicable to the extractive industries; and
The specific listing criteria and continuing obligations for Mineral Companies either applying for a listing or already listed on the various African stock exchanges.
“Africa is the story. The big story is Africa. The Chinese and Japanese are fighting over Africa. This is a market of a billion people, of natural resources.”
Dr Ahmed Heikal, Chairman and Founder of Citadel Capital
Unable to view the “Listing on African Stock Exchanges: KPMG” report below? Download it here
Listing on African Stock Exchanges: KPMG
- Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)
- IPO Watch Africa 2014: PwC (Infographics & Report)
- The top 10 most active stock markets in Africa in 2014 (Infographic)
- Africa: Now a major player in emerging markets financial services
- The eight best-performing African stock markets in 2014 (Infographic)
- Taking the temperature of Africa’s stock markets
- Kenya’s Capital Markets Authority approves listing of first ETF
- Oando Shares Surge on the Nigerian Stock Exchange following approval of $1.65B Acquisition of ConocoPhillips Nigeria
- Africa’s richest man Aliko Dangote eyes 2016 London Stock Exchange listing of Dangote Cement (Video)
- Meet Wale Tinubu, The Man Building Africa’s Largest Energy Company (Part Two)
- Africa’s Top 10 IPOs in 2014 (Infographic)
- Sub-Saharan Africa’s most and least resilient economies (Infographics): Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group
- Africa Report 2015 – Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)
- Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges: Coming soon
- Bright Africa 2014 – A guide to equity investing on the continent: RisCura (Report)
- African Markets Guide 2015: Barclays (Report)
- Compelling investment markets in Africa – Inside Riscura’s Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)
- London Stock Exchange to pursue African company listings
- Shop Africa 2016 (Report & Infographics): Knight Frank
- Stock exchanges in South Africa, Kenya, and Nigeria plan more ETF cross-listings
- London Stock Exchange eyes dual listings on West African capital markets
- Real GDP Growth Rates (2007 – 2017) of Countries in Africa (Interactive Map & Chart)
- Africa’s Economic Prospects: Bryan Leith, COO, KPMG Africa
- Africa Asset Management 2020: PwC (Infographics & Report)
- African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)
- South Africa still leads the rest of Africa on foreign investment
- South Africa losing buyout allure to fast-growing Sub-Saharan African rivals
- More African companies seek exchange listings
- Private equity in Africa: Context, opportunities, and risks – Global Counsel/Allen & Overy (Infographic & Presentation)
- Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)
- Expert opinion: Where in Africa would you invest $1 million?
- MTN Nigeria to transfer up to 9,151 towers to IHS-MTN joint venture
- Africa attractiveness program 2016: EY (Infographics & Reports)
- The 2015 African Retail Development Index (Infographics, Video & Report): AT Kearney
- 3 reasons things are looking up for African economies: McKinsey & World Economic Forum
- Opportunities multiply as African ventures eye wider horizons
- Africa’s Prospects – Macro Environment, Business, Consumer and Retail Outlook Indicators (Infographics & Report): Nielsen
- Invest Nigeria – Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)
- Cheap Oil and Africa: The Winners, Losers, and In-Betweeners
- Nigeria Stock Exchange Chasing A Trillion Dollar Market Cap: Oscar Onyema, CEO, Nigerian Stock Exchange (Video)