Nigeria 🇳🇬, Egypt 🇪🇬, South Africa 🇿🇦 and Morocco 🇲🇦 are the only 4 African countries

Nigeria 🇳🇬, Egypt 🇪🇬, South Africa 🇿🇦 and Morocco 🇲🇦 are the only 4 African countries with dedicated mutual funds (ETFs) traded in New York Stock Exchange (NYSE).

Nigeria 🇳🇬 had the lowest Price to Earnings ratio (PE) of 3 (meaning that the investor will need 3 year profits to get his money back), while Egypt 🇪🇬 traded at PE ratio of 8 and South Africa at PE ratio of 9.

Nigeria 🇳🇬 generated annual cash dividends rate of 14%, Egypt 🇪🇬 1.5% and South Africa 3%.

(no data was available for Morocco’s 🇲🇦)

Listing of African stocks in the major international stock markets is crucial to provide long term foriegn investors access to African companies.

Posted using ThiagoRe.com