12 °c
London
Sunday, December 3, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Equity capital markets see downward turn, but increase in domestic investors

Staff by Staff
June 5, 2020
in Africa, Capital Markets, Coronavirus, Debt, Economy, Finance, Investing, Private Equity
Reading Time: 2 mins read
0 0
0

Data presented from the PricewaterhouseCoopers (PwC) Nigeria 2019 African Capital Market Watch, which reviewed the performance of Africa’s capital markets between 2010 and the first quarter of 2020, shows that African equity capital markets activity has seen a downward trajectory over the past three years as major economies on the continent are faced with fiscal challenges due to growing debt levels and slow economic growth.

The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month.

Capital market value in 2019 was the lowest seen over the past decade, with the volume of deals lower only in 2012.

African economies now face the unprecedented challenge of the COVID-19 pandemic, which has severely impacted global financial markets, according to Andrew Nevin, PwC Nigeria’s Chief Economist, and Alice Tomdio, the firm’s Director Capital Markets, who presented the data.

Commenting on the data and the potential impact of the COVID pandemic, Geoffrey Odundo, CEO of the Nairobi Securities Exchange said: “Capital markets in East Africa have taken a hit, with a 20% decrease in trading volume since the beginning of COVID-19.”

On the positive side, there was increased activity from domestic investors, he added.

Daniel Ogbarmey Tetteh, Director-General, Securities and Exchange Commission (SEC), Ghana, said that market activity on the Ghana stock market had remained robust, with an almost threefold increase in trading volumes between January and April 2020, compared to the same period in 2019.

Again, a good proportion of these trades originated from domestic investors.

Speakers also stressed the important role of African capital markets in supporting the post-COVID recovery. For this to happen, African markets need to be deepened and provide avenues for the investment of the significant pools of local capital currently tied up in “dead” assets.

Expanding the range of available asset classes should also include measures to attract and support new listings.

The panel agreed that the increased engagement of local investors in the current environment was a positive sign, and that developing a deep pool of domestic investors is essential for African capital markets to play their full role in supporting the post-COVID economic recovery.

For more details on the webinar series and to listen to recordings visit: https://bit.ly/2XvFRqB. The next session (in English) is scheduled for June 18th and will explore Financing SMEs in the COVID era.

Source: Taarifa Rwanda

Related

Tags: 2019 African Capital Market WatchafricaAlice TomdioAndrew Nevincapital marketsCorona VirusCovid-19domestic investorsEquityInvestingMaking Finance Work for AfricaMFW4ANairobi Securities ExchangePriceWaterhouseCoopersPrivate EquityPwCPwC AfricaPwC Nigeriaафрикаأفريقياアフリカ非洲
Staff

Staff

Related Posts

COP 28

COP28: unmasking greenwashing in Africa and the challenge for sustainable development

by The Exchange
December 3, 2023
COP 28

COP 28: The developed world’s broken promises – How can Africa finance energy transition? – NJ Ayuk

by Rafael Carvalho
December 3, 2023
Weekend

Top night clubs in Dar es Salaam

by FurtherAfrica
December 3, 2023
Energy

Galp kicks off PEL 83 drilling in Namibia

by Energy Capital & Power
December 2, 2023
Trade

ITC and TRAIDE Foundation promote direct Dutch-Ethiopian coffee trade

by Fabio Scala
December 2, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

COP 28

COP28: unmasking greenwashing in Africa and the challenge for sustainable development

by The Exchange
December 3, 2023
0

As COP28 unfolds with its myriad discussions and commitments, a less visible but equally critical issue looms on another continent...

Read more

COP 28: The developed world’s broken promises – How can Africa finance energy transition? – NJ Ayuk

December 3, 2023

Top night clubs in Dar es Salaam

December 3, 2023

Galp kicks off PEL 83 drilling in Namibia

December 2, 2023

ITC and TRAIDE Foundation promote direct Dutch-Ethiopian coffee trade

December 2, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.2K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...