Many more companies are entering the African stock market, and even though their profits are unmatched by their Western counterparts, many brokers are killing off these initial stock offers. Stocks in African stock markets are also cheap, so anyone who wants to invest in African stocks can do so.
A practical example
The recent public offering of shares of the Kenyan company “Kengen”. On the first day in the Kengen stock market, the price of each share tripled, and some shareholders sold their shares at a price six times higher than the price at which they bought their shares. The kengen Share offer in Kenya is just an example of the many opportunities Africa offers.
Globalization means unlimited potential
Most African countries are developing countries. Thus, it means that manufacturing and industrial companies are created every month, and thus more and more companies in Africa are maturing and being brought to the stock market for trading. Stocks in African stock markets are highly volatile and therefore attractive to those hoping to kill quickly.
Tips on how to invest in Africa
If you are serious about investing in Africa, I would suggest you get reliable contacts from an individual or even a better organization in the country you are going to invest in. That is, if you do not live or are not a resident of this country. This is because it is very easy to be deceived, especially given that most investment banks in Africa or the stock markets do not trade online. To complete everything, choose your broker well. I think later I will write tips on choosing the right stock broker.
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