Omegascorpi [Beta] » Ecobank

The Khan Academy Serie:Debt vs Equity

tape — Thu, 28 Jan 2010 19:41:44 +0000

Which way should companies (small and large) in Africa go ? should they borrow money from banks or should they go public (Safaricom,Ecobank,Bank of Africa) ?

U.S.-Based African Diaspora Entrepreneurs to Spur Job Growth in Their Native Countries with Innovative Business Plans (eon.businesswire.com)
Best Performing Stocks on the Nigerian Stock Exchange (omegascorpi.com)

Best Performing Stocks on the Nigerian Stock Exchange

tape — Thu, 04 Dec 2008 15:34:16 +0000

[Click on the post title to read full article]

Stock	Appreciation
ALEX	421.60%
ECOBANK	251.70%
FOOTWEAR	215.88%
INTBREW	175.09%
FIRSTALUM	109.21%
DEAPCAP	106.16%
EQUITYASUR	105.69%
MOBIL	88.44%
ETERNAOIL	85.12%
STUDPRESS	80.59%
BOCGAS	78.63%
STACO	65.43%
CHEVRON	50.61%
AGLEVENT	49.53%
TRIPPLEG	48.28%
AP	35.26%
AFPRINT	31.94%
CILEASING	30.59%
TOTAL	25.38%
JOSBREW	22.41%

Nigerian Stock Market

[Source]

Zenith Bank announced increased profits

tape — Thu, 14 Aug 2008 08:58:24 +0000

Lagos-

Zenith Bank a[NSE:ZENITHBANK] Lagos based financial institution with a network that extends to Sierra Leone,South Africa,Ghana, and The UK rated by JP Morgan[Nyse:JPM] as Nigeria’s second biggest by assets… reported a 119 percent increase in its year profit after tax.[Africa.Reuters]

West African Banks entering en masse the East African market

tape — Tue, 12 Aug 2008 21:14:30 +0000

From the banking industry point of view, within the next three to five years, there’s a big storm coming. Banks from West Africa are already coming with very big cheque books…”

West African banks include big players like,United Bank for Africa[6 million customers],Ecobank[500 branches], Access Bank, and Bank of Africa [Monitor]

The economy,Economic agents and Ownership

tape — Mon, 04 Aug 2008 21:55:19 +0000

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