Libya: turmoil and civil war Like so much else in Libya, Tripoli’s fledgling stock exchange came to a standstill after the country plunged into civil war in the summer of 2014. But even before, the idea of investing in...
Alain Tschudin
Kenya: rich tax
Since Kenya reintroduced a 5% capital gains tax (CGT) in January, its stock market has plummeted. The Nairobi Securities Exchange lost a massive 6.75% of its value in May when foreign investors withdrew 1.5 billion...
Rwanda’s fledgling capital market
Stewards at Cafe Neo prepare cafee for clients on December 4, 2014 in Lagos. Photo: Pius Utomi Ekpei/AFP Rwanda has acquired the reputation of a rags-to-riches nation. Internationally, President Paul Kagame’s claim to...
Slow times in Casablanca: Morocco’s old-school stock exchange
Hopes rose this year that a large initial public offering would rejuvenate one of Africa’s oldest bourses, but lack of reform is constraining trading By Celeste Hicks Hopes rose earlier this year of a spurt of investor...
Nigeria: short cuts
Nigeria’s hope of reforming its capital market using a new corporate governance system is haunted by endemic corruption By Ini Ekott The Nigerian Stock Exchange won plaudits last November for launching a new set of...
A long and potholed road: Sustainable stock exchanges
Markets around the world are adopting the environmental, social and good governance agenda, but “integrated reporting” faces problems in Africa By Richard Jurgens In August 2012 police fired on a crowd of striking...
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