Listing in Africa: Advantages and Disadvantages of an equity listing
There is an increasing interest in Africa as a potential investment destination due to the fact that the developed markets are not expected to grow as they have done previously. In addition, Africa is seen to be becoming more politically mature and easier to access and this, together with its growing population and rise in consumption, is adding to its attractiveness for foreign investors. Africa also has vast tracts of unutilised land and significant mineral and other resources.
The purpose of this document is to provide an overview of the considerations for listing, listing criteria, processes, documentation requirements and continuing obligations relating to certain African stock exchanges, as well as an overview of the composition and liquidity of the equity markets in these countries.
This information will give potential investors and applicant issuers’ valuable insights into listing in these environments.