Citigroup is now trading securities from countries such as Kenya, Botswana, Tanzania, Uganda and Ghana for its clients. Within a few years, it has gone from trading in only two countries in sub-Saharan Africa to 12.
great image from airliners.net
Banks wanted
Standard Bank (aka Stanbic) is seeking mid-size retail banks in Kenya, Nigeria, Ghana and Angola, in addition to invest heavily in its own operations in Kenya to grow at 25 percent a year,
Stanbic is Kenya's 12th largest bank and its assets grew by 36% in the half year.
7 comments:
Nice!
Is there a market in Kenya for another Mutual Fund that is Africa-oriented as opposed to solely in Kenya?
Not really a comment on this post, but was just curious to find out your opinion, as a financier and business advisor, on multi-level marketing/pyramid schemes, which are currently all the rage in the city.
coldtusker: None that |I know, a few brag about some overseas investmesn in their porfolio, but no specifics. None that even target certain sectors e.g. communciations, real estate
Abby: good point, I've been working on a post about that - am not in any (too risky), but I have friends who have made mad (good) money on them. (also read today and last sunday's antion)
Looks like Kenya is increasingly becoming a new niche market. is it bad or good?
dear friend,
i read that article on WSJ and i am working on something like that. i am looking information concerning data of hedge funds or private equity investment in africa. and does someone heard aubout african securities exchanges commission? i don't find any information about it?
regards,
panchicity@yahoo.com
Greetings,
I was wondering if you had a list of hedge funds and institutions that invested in Nigerian and by extension African government securities.
Grateful if you could send response to le_draguer@hotmail.com
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