Top 10 African Stocks
According to s
MTN Group, Murray & Roberts Engineering Holdings, Standard Bank Group, Naspers, Guaranty Trust Bank, United Bank For Africa, Zenith Bank, Shutterstock Orascom Construction Industries, First Quantum Minerals, Ridge Mining.
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10Comment(s):
;-)
biased
i mean the data. commodity operations, for a bunch of reasons (government ownership, foreign government ownership, foreign operations, un-open structures) are not on stock exchanges. so of course De beers or Sonatrach or coffe producers aren't there.
am i being predictable ?
Is Zenith bank a Nigerian bank? Any Nigerian companies on that list? Let me go check
I actually need to have a discourse with someone who can advise me about investing
All the info out there is so complex...
Nice to see Forbes taking a look at Africa. Howvere it woudl be more appropriate to treat South Africa as separate from Sub-Saharan Africa beacause of their long corporate history and mining congolmerates being international giants.
Solomonsydelle...countries in bold have a presence in Nigeria.
Bankele Forbes and FT and the NYT have been on the Africa trip for about six months now. The WSJ however did not get the memo. Thanks fr coming by.
Nice and impressive. One wonders, though, why the only Nigerian industry that made it to the list is financial. I thought they said that African countries are sources of raw materials.... The list shows how missplaced many things still are in the country.
Thanks jare, Omodudu,
Loomnie,
It's a list of the valuable STOCKS. African mineral companies tend to be state-owned and therefore not quoted or foreign and not listed among african stock, or foreign-state joint venture and not quoted. (not to mention that the few non-state owned african mining companies are obscure contract-seeker, quasi-money-laundring small companies with political links and therefore have no intesrest on being on the stock market).
It's not an issue of priority. It's an issue of data.
Random African, but where does the hotness of the banking sector come from? Explains my prior post...argha
is that "hotness" new ?
i mean, i doubt there is data on the situation 20 years ago but somehow i bet investing in First Bank was the easiest and smartest thing to do in 1920 or in 1954.
And then, there is still the point i raised about the companies related to the minning sector not being on the list for reasons other than their value.
And then, there's the monstruous improvement of the african banking sector (from loosening capital controls to killing monopolis to central banks other than the zimbabwean closing their printing presses)..
But yeah I see how your point is relevant too. I mean people are investing in banks because they expect banks to be major players very soon.