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Car so it can be Used by Uber Drivers African Stock Exchange/Bourse
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African Stock Exchange/Bourse
• Algeria Algiers Stock Market www.sgbv.dz • Angola Angola Stock Exchange and Derivatives www.bodiva.ao • Botswana Botswana Stock Exchange www.bse.co.bw
• Cape Verde Islands Bolsa de Valores of Cape Verde www.bvc.cv (in Portug
• Cote de Ivoire Bourse Regionale des Valeurs Mobilieres -
UEMOA (Abidjan) www.brvm.org • Egypt The Egyptian Exchange www.egx.com.eg • Ethiopia Ethiopia Commodity Exchange www.ecx.com.et • Ghana Ghana Stock Exchange www.gse.com.gh • Kenya Nairobi Stock Exchange www.luse.co.zm • Libya Libyan Stock Market www.lsm.gov.ly • Malawi Malawi Stock Exchange www.mse.co.mw
• Mauritius Stock Exchange of Mauritius www.stockexchangeof
• Morocco Casablanca Stock Exchange www.casablanca-bours • Mozambique Bolsa Valores de Mocambique www.bolsadevalores.co • Namibia Namibian Stock Exchange www.nsx.com.na • Nigeria Nigerian Stock Exchange www.nse.com.ng/Page www.abujacomex.com • Rwanda Rwanda Stock Exchange www.rse.rw • Seychelles Seychelles Securities Exchange https://merj.exchange • Somalia Somali Stock Exchange www.somalistockexcha • South Africa Bond Exchange of South Africa www.bondexchange.co Johannesburg Stock Exchange www.jse.co.za/Home.a www.a2x.co.za • South Sudan Khartoum Stock Exchange www.kse.com.sd • Swaziland Swaziland Stock Exchange www.ssx.org.sz • Tanzania Dar es Salaam Stock Exchange www.dse.co.tz • Tunisia Tunisia Stock Exchange www.bvmt.com.tn • Uganda Uganda Securities Exchange www.use.or.ug • Zambia Lusaka Stock Exchange www.luse.co.zm • Zimbabwe Zimbabwe Stock Exchange www.zse.co.zw
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Resource: Daily News Egypt
Stocks Mirror the Economy
Africa has around 29 stock exchanges representing 38 countries including two regional exchanges.
Africa has become the newest destination for emerging markets investors. From 2000, according to the World Economic Forum, "half of the world's fastest-growing economies have been in Africa." By 2030 one in five people will be African. Combine the continent’s soaring population with technology, economic growth, increasing demand from its growing middle class, improvements in infrastructure, political stability, health and education, and Africa could be the next century’s economic growth powerhouse. Nobody can predict the growth trajectory with accuracy, but Africa is poised for growth.
Profi le: The Bourse Régionale des Valeurs Mobilières (BRVM) is the regional stock exchange of the member states of the West African Economic and Monetary Union, namely, Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. The Exchange is located in Abidjan but maintains market offi ces in each of the affi liated countries. Being both an economic and political institution, the BRVM is governed by the provisions of the OHADA Uniform Act relating to Commercial Companies and Economic Interest Groups. The operations of the Exchange are entirely digital making it a technical success story on the continent. Dealing members therefore need not be present on the premises of the central offi ce but can engage from their own offi ces which the bourse guarantees equal access regardless of the economic operator's location. https://afx.kwayisi.org/
DFC Convenes U.S., African Leaders for Investment Conference
ON OCTOBER 16TH, U.S. International
Development Finance Corporation (DFC www. dfc.gov) and the Atlantic Council (www.atlanticcouncil. org) hosted the virtual
Investing in Africa’s
Future conference (www. atlanticcouncil.org/event/ investing-in-africas-future) to bring together African heads of state, senior U.S.
government offi cials, African development fi nance institutions and others to announce new eff orts to promote and strengthen U.S. trade and investment in Africa, in support of the Administration’s Prosper Africa Initiative.
“We are pleased to convene leaders from across the public and private sectors to increase investment in Africa,” said DFC Chief Executive Offi cer Adam Boehler. “The initiatives announced today will help advance investments that strengthen economic growth, technology, energy independence, and infrastructure in Africa.”
During the conference, Boehler provided remarks along with President of the Republic of Senegal Macky Sall, President of the Republic of Mozambique Filipe Nyusi, Former President of the Republic of Liberia Ellen Johnson Sirleaf, and UN Under Secretary-General and Executive
Secretary for the United Nations Economic
Commission for Africa Vera Songwe.
The conference also included remarks from
Assistant to the President for National Security
Aff airs Robert O'Brien, Acting Administrator
for the U.S. Agency for International
Development (USAID) John Barsa, Millennium
Challenge Corporation Chief Executive Offi cer
Sean Cairncross, President & Chairman of
the Export-Import Bank of the United States
Kimberly Reed, Head of Agency for the U.S. Trade and Development Agency Todd Abrajano, and others.
DFC made the following announcements during the summit:
New Prosper Africa Investment Unit: To underscore DFC’s commitment to fi nancing more transactions in sub-Saharan Africa, DFC announced it is establishing a dedicated DCbased Prosper Africa investment unit (https:// prosperafrica.dfc.gov) to source, underwrite and execute transactions in support of the Initiative’s goal of substantially increasing two-way trade and investment between the United States and Africa. The investment unit will be established with support from the Prosper Africa Secretariat (https://prosperafrica.dfc.gov/how-we-help/ invest-in-africa) and will help DFC grow its portfolio of commitments in Africa, which currently stands at over $8 billion. This investment unit will serve as an integral complement to DFC’s Africa Investment Advisor Program (www.devex.com/jobs/investmentadvisor-africa-trade-and-investment-program-atip-759125) on the continent. Boehler serves as the Executive Chair for Prosper Africa.
The TIES program: DFC and the U.S. Africa
Development Foundation (USADF www.usadf. gov) launched the U.S.-African TIES program—a partnership to promote investments in technology, innovation, and entrepreneurial solutions in African countries. The program combines DFC’s powerful fi nancing tools with USADF’s on the ground presence in key countries. DFC and USADF will work together to provide loans between $50,000 and $500,000, accompanied by grants between $10,000 and $100,000 to African entrepreneurs whose projects advance innovation, technology or entrepreneurship. The TIES program will initially seek to support 10-20 transactions per year and advance DFC’s new development strategy.
Collaboration with African Development
Finance Institutions: DFC also announced it will join three African development fi nance institutions, Africa50 (www.africa50.com), Africa
Finance Corporation
(www.africafc.org), and the
East and Southern Africa Trade and Development
Bank (www.tdbgroup.org), to work collaboratively to support economic resilience and recovery across Africa in the wake of the COVID-19 pandemic. The DFIs intend to work together in areas of mutual interest on a non-exclusive basis to support projects in sub-Saharan Africa, particularly in lower income and lower-middle income countries, subject to each DFI‘s respective internal policies and procedures.
LOI for Nuclear in South Africa: In July 2020, DFC updated and modernized its nuclear energy policy—ending its prohibition on supporting nuclear power in order to help meet the energy needs in the developing world. DFC signed a Letter of Intent to support NuScale (www.nuscalepower.com), a U.S. nuclear energy technology fi rm, to develop 2,500 MW of nuclear energy in South Africa. If successful, NuScale would be the fi rst U.S. nuclear energy IPP on the continent and would help support energy resilience and security in one of Africa’s leading economies and a key partner on the continent for the United States Government.
A digital Call for Proposals to Support
COVID-19 response: DFC launched a partnership with Asoko Insight (https:// asokoinsight.com), a deal sourcing and market intelligence platform focused on Africa. Under this partnership, Asoko has built a “digital deal room” that serves as a virtual call for proposals for DFC fi nancing. The potential deals must support economic recovery or resilience in the wake of the COVID-19 pandemic. For more information, visit the dealroom.
Financing for the Africa Finance Corporation:
During the event, participants highlighted DFC’s recent approval of a $250 million tier-2 capital loan for the Africa
Finance Corporation
(www.africafc.org), a regional development fi nance institution that fi nances critical infrastructure and is an existing DFC client. The deal will support COVID response and recovery by providing liquidity to help combat the economic slowdown in Africa in the wake of the pandemic.
About DFC
U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to fi nance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides fi nancing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
www.dfc.gov/media/press-releases/dfc-convenesus-african-leaders-investment-conference Image credit: prosperafrica.com
