Wednesday, August 20, 2003

South Africa: Pan-African stock exchange planned

The South African stock exchange is planning to set-up a Pan-African stock exchange. In the beginning, people would trade shares in companies from Ghana, Zimbabwe, Zambia and Namibia. Eventually, the exchange would trade stock in companes from all over Africa.
The hope would be that a pan-African stock market would help attract more foreign investment to the continent and to slow the oft-seen capital flight out of these countries when their economies suffer knocks.
Note ... this earlier article in a South African business paper names Ghana, Zimbabwe, Zambia and Botswana as the four countries that would be part of the initial launch.