The Nairobi Securities Exchange had a tough go of it in 2015, but investors have reaped exceptional rewards from long-term investments in stocks ranging from banking to agriculture. Here’s a countdown of the top Kenyan stocks over the past 10 years.
Insurance companies don’t make for great conversation fodder at parties, but few other businesses can match their potential for creating wealth. The Nigerian Stock Exchange is home to one particularly interesting opportunity in the space that now trades at a P/E ratio of 12.1 and a juicy 11.3% dividend yield.
With a product line that ranges from biscuits to handbags, JSE-listed AVI benefits directly from rising African income levels, and its shares have climbed 412% over the past decade.
But its seafood division is starting to stink. Here’s why it’s time to cut bait.
MTN Group, Africa’s wireless telecommunications giant, had a rough start to the year.
Stiff competition, regulatory action, weakening currencies, and a labor strike in its home base, South Africa, conspired to slash the company’s first half earnings by 24.2%, and its shares have dropped 21% since their September high.
But don’t push the “sell” button quite yet.
Lackluster performance from Africa’s largest stock exchanges hasn’t slowed the continent’s parade of IPOs.
A total of 24 companies debuted on African stock markets in 2014. This year we’ve already seen new listings in Rwanda (Crystal Ventures), Ghana (Samba Foods), and on the Johannesburg Stock Exchange (nine new listings).
Here are ten more to keep your eyes on as we enter the second half of the year.