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2008
08.04

A judicious report by the MyAfrica site should wake up even more the middle and upper class of Africa to the notions of Wealth,Ownership and Patrimony.
The author of the post states that:
“If Kenya were a cake to be shared out,Kenyans would only lay claim to 31 per cent of the country’s total wealth. The rest would go to foreigners. Agriculture,tourism and banking,which combined bring in the country’s largest earnings,are in foreign hands. Last year,tea,tourism,flowers and coffee earned the country Sh140 billion,nearly half of the annual national budget. Of this money,only 31 per cent ended up in the country – as tax and real earnings to the nationals. And shareholding in the richest 20 companies that trade at the Nairobi Stock Exchange is foreign. The skewed distribution of wealth between foreigners and Kenyans puts paid to all efforts since independence to hand control of the country to its citizens.”
read more

That are many methods that African both at home and abroad could as individual investors as well as institutional investors turn the wheel around. We should go trough the different options that are widely known but not necessarily practised by enough individual investors.
That are many investment division at banks,investment funds,online brokerage firms for the individual investor to get involve in the African stock market.
For now we at Africaincorp have opened an account with an online brokerage firm to get ourselves in involved in the African financial market.
In the posts to come we will be happy to share on our portfolio,our strategy as well as the different banks,investment funds and other intermediaries the individual investor may use.

Fax/E-mail/Skype your local African banks:
Bank of Africa
Versus Bank
Cobaci
Attijariwaffa Bank
Ecobank
Commercial Bank of Ethiopia
Banque Atlantique
Societe Generale des banques en Cote D’Ivoire
Mauritius Commercial Bank
Kenya Commercial Bank

If you have done so already,please share with us your experiences and insight on taking ownership of our economy, through the use of real estate,securities and bonds investments in the African markets.

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