How do they achieve that ? Through a series of measures and rules:

-Listing of the NSE itself  to help the value of the exchange

-Requiring all companies to disclose financial information on their website ( a good example is First Bank ).

-To encourage expansion of the fixed income market.Nigeria central Bank has already hiked  the rates on fixed income securities and cut taxes.

-To push pension funds towards stock investments which are limited to a total of 12 billion dollars so far.

-To combat risk averse attitude among local retail investors by producing ,with Nollywood film directors ,TV shows that promote a certain business attitude.

-Introduction of a new code of corporate governance

New listing of companies could also  bring in that new blood so much needed to move towards the goal.

The state oil company is expected to float its joint venture companies on the NSE,the same move is expected in the power industry where some 19 new electricitygeneration and distribution companies are expected to attempt to raise the 50 billion dollars investment capital required on the NSE.

Other companies wished to list on the NSE include, Shell,Exxon and MTN Nigeria.

Nigeria stock market quick profile

Capitalisation of about 40 billion dollars

217 companies listed on the NSE

Five million Nigerians out of a population of 165 million are shareholders

|Source rinted version of The Africa Report |

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“As at the end of September, the NSE 20 Share Index —which tracks the movement of share prices and which consists of a basket of stocks representative of the entire market —had dropped to 3,284 points from 4,432 points at the close of trading in December 2010″…..comparatively..”Last year the Kenyan market was one of the most robust in the continent giving investors high returns on the back of low inflation and interest rates and strong economic growth that hit 5.6 per cent, lifting the earnings of majority of the stocks at the bourse”.|Source:Business Daily|

Nairobi Stock Exchange Website

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Analysts and Fund Managers Forum and Financial Reporting Awards

When: March 24th 2011

Where:Thomson Reuters,South Colonnade,Canary Warf,London,UK

Who:Chief Executive Officers, Chief Investment Officers, Fund Managers, Portfolio Managers, Equity Analysts, Securities Analysts, Investment Analysts, Emerging Markets Analysts,Frontier Markets Analysts, Equity Strategists, Economists, Credit Analysts, Risk Managers, Heads of Asset Allocation, Heads of Investment Strategy, Heads of Capital Markets, Heads of Investor Relations and the financial media

The Agenda:

* Africa: The Value Proposition
* Valuation and accounting in African companies
* Standards of company reporting, disclosure and marketing communications
* CEO success stories
* Analysis of market trends and forecasts for 2011.

Official website

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• Conference:Environmental Bonds 2011 (omegascorpi.com)

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What:Environmental Bonds 2011
Where: London, UK
When:14 March 2011
For Who: – Pension fund managers- Insurance fund / asset managers- Investment bankers- Forestry investors- Carbon market investors (eg carbon funds participants)- SRI fund managers- Bond specialists in development or investment banks – CFOs in larger corporates- Treasury officials in national governments
- Finance chiefs in local governments- Carbon fund managers- CDM + JI investors
- Renewable energy project developers- Forestry owners / managers- Environmental lawyers- Consultants

Who Will Speak: Sean Kidney, Executive Chair, Climate Bonds Initiative,Michael Bennett, Lead Financial Officer, Capital Markets Division, Treasury, World Bank,Tanguy Claquin, Head of Sustainable Banking, Credit Agricole CIB,Colin Purdie, Manager, Sustainable Future Corporate Bond Fund, Aviva Investors,Simon Petley, Director, EnviroMarkets and Michael Wilkins, Managing Director, Carbon Markets, Standard & Poor’s among others.

For further enquires please contact SAS Ghana

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According to Businessweek:”Capri Capital Partners is a principal investment firm specializing in mezzanine investments in real estate private and publicly held companies. The firm seeks to invest in real estate equity and debt-related products on behalf of pension funds and institutional investors. It makes investments in real estate with distinct competence in multifamily, industrial, commercial office, and retail.
It also provides equity joint ventures and acquires ownership between 50 per cent and 90 per cent, along with a preferred rate of return investments”

The company interest in the frontier market of Africa became apparent following their participation to the http://whartonafricaforum.com conference.

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• William Kamkwamba at MIT (makezine.com)

Citadel Capital

In the same period, the firm has generated US$ 2.2 billion in cash returns to investors, more than any other private equity firm in the MENA region.

Current Investments

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Emerging economies offer unique opportunities despite continuing global economic crisis. They need to stay on track in meeting their infrastructure development goals to sustain their growth

See program/agenda here

Via Bankele