Omegascorpi [Beta] » Frontier markets

Satya Capital

tape — Wed, 23 Feb 2011 14:48:10 +0000

Satya Capital is an independent investment firm, focused on Africa. Through the Satya Capital Africa Fund and Satya Capital Opportunities they bring in with financial, strategic and operating support to a growing number of businesses across the continent.

They provide primarily growth and expansion capital, and target investments of between $20m and $50m.
Their portfolio ( Click to see more)
The investment team ( Click to see more).

Official website

ACA-Africa Capital Alliance (omegascorpi.com)
Real Focus Capital (omegascorpi.com)

Dow Jones 50

tape — Sat, 16 Aug 2008 14:07:34 +0000

The Dow Jones Africa Titans 50 Index^SM measures the stock performance of 50 leading companies that are headquartered or generate the majority of their revenues in Africa. Eligible stocks are traded on recognized domestic and international exchanges.

Stocks are selected to the index by float-adjusted market capitalization, subject to screens for size and liquidity. No more than 15 stocks can be selected from an individual country. The index is modified capitalization weighted, adjusting for free float and to meet diversification requirements.

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]

Mauritius Stock Exchange to Be Listed on Dow Jones

tape — Tue, 12 Aug 2008 11:56:33 +0000

Port-Louis-

The Mauritius stock exchange will join the Dow Jones Wilshire Global Index on 1st October.

This decision was taken by Dow Jones Indexes and Wilshire Associates which are, respectively, the world’s leading index follower and investment services entity.[Les Afriques]

The Mauritius Stock Exchange joins the South African Stock Exchange,The Moroccan Stock Exchange and Cairo Stock Exchange.

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

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.

JPMorgan chases revenue in African markets

tape — Tue, 03 Jun 2008 00:19:23 +0000

New York-

JP Morgan Asset Management, a division of JP Morgan Chase [Nyse:JPM ] is highly interested in the financial markets and products of the following viable and rewarding markets, Egypt,Nigeria,South Africa, Tanzania,Zambia,Ghana,Kenya and Botswana.
The leader in global financial service[1.6 trillion USD in assets] raised a total of 250 million USD that will fund their entry in these very profitable but still foreign markets(to them).

Political and other social hiccups in Africa do not seem to be much deterrents to them, they are said not not to cares so much about what is happening politically as long as companies have good foundation as businesses. [BDAfrica]

Editor’s note: The BRVM should have been included on their list,maybe it is because Ivory Coast is a francophone economy. Notice that all the above countries listed are English-speaking nations or have English as a official or unofficial 2nd language.