Capital Markets Africa

LuSE Market Performance Report by Mr. Nicholas Kabaso (Jan-Jul 2024) Watch the Chief Executive Officer of the LuSE, Mr. Nicholas Kabaso as he shares a report on the Market performance of the Lusaka Securities Exchange at the LuSE FNB Market Performance Outlook Review Event. Watch the full video on YouTube via the link below; https://lnkd.in/drQAY4dp

#ICYMI, from January 2024 💡 "𝑶𝒖𝒓 𝒕𝒐𝒑 𝒕𝒉𝒓𝒆𝒆 𝒑𝒆𝒓𝒇𝒐𝒓𝒎𝒆𝒓𝒔 𝒂𝒄𝒉𝒊𝒆𝒗𝒆𝒅 𝑼𝑺 𝒅𝒐𝒍𝒍𝒂𝒓 𝒓𝒆𝒕𝒖𝒓𝒏𝒔 𝒐𝒇 𝒔𝒐𝒎𝒆𝒘𝒉𝒆𝒓𝒆 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 44% 𝒕𝒐 99.6%. 𝑻𝒉𝒆𝒚 𝒘𝒆𝒓𝒆 𝒂 𝒎𝒊𝒙 𝒐𝒇 𝒗𝒆𝒓𝒚 𝒃𝒐𝒓𝒊𝒏𝒈, 𝒗𝒆𝒓𝒚 𝒔𝒕𝒂𝒃𝒍𝒆 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕𝒔 𝒔𝒖𝒄𝒉 𝒂𝒔 𝒖𝒕𝒊𝒍𝒊𝒕𝒊𝒆𝒔 𝒂𝒏𝒅 𝒇𝒆𝒓𝒕𝒊𝒍𝒊𝒔𝒆𝒓 𝒑𝒓𝒐𝒅𝒖𝒄𝒆𝒓𝒔, 𝒏𝒐𝒕𝒉𝒊𝒏𝒈 𝒑𝒂𝒓𝒕𝒊𝒄𝒖𝒍𝒂𝒓𝒍𝒚 𝒔𝒆𝒙𝒚.” (Damitha Pathmalal, MBA) It's always useful to hear from those at the coalface of investing, particularly to understand a bit more about the rationale behind their capital allocation decisions. To that end, I highly recommend reading this interview that I did back in January with Damitha Pathmalal, MBA, CIO at Kenyan boutique investment firm Nabo Capital . Enjoy! https://lnkd.in/edxZd9h6 #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

#ICYMI, from February 2024 💡 "𝑰 𝒉𝒂𝒗𝒆 𝒏𝒐 𝒅𝒐𝒖𝒃𝒕 𝒕𝒉𝒂𝒕 𝒂𝒔𝒔𝒆𝒕 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒊𝒔 𝒕𝒉𝒆 𝒇𝒖𝒕𝒖𝒓𝒆 𝒐𝒇 𝒁𝒂𝒎𝒃𝒊𝒂𝒏 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒎𝒂𝒓𝒌𝒆𝒕𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒄𝒖𝒓𝒓𝒆𝒏𝒕𝒍𝒚 𝒔𝒊𝒕𝒕𝒊𝒏𝒈 𝒐𝒏 𝒉𝒖𝒈𝒆 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒑𝒐𝒕𝒆𝒏𝒕𝒊𝒂𝒍 𝒕𝒉𝒂𝒕 𝒊𝒔 𝒓𝒆𝒇𝒍𝒆𝒄𝒕𝒆𝒅 𝒊𝒏 𝒕𝒉𝒆 𝒐𝒗𝒆𝒓 20% 𝒂𝒏𝒏𝒖𝒂𝒍 𝒈𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝒊𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝒂𝒔𝒔𝒆𝒕𝒔 𝒖𝒏𝒅𝒆𝒓 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒐𝒗𝒆𝒓 𝒕𝒉𝒆 𝒍𝒂𝒔𝒕 𝒇𝒊𝒗𝒆 𝒚𝒆𝒂𝒓𝒔." (Nicholas Kabaso) In February, I interviewed Nicholas Kabaso a month after he became CEO of the Lusaka Securities Exchange Plc. It was great to hear about his vision for the exchange, the importance of bringing new products to market, the role of technology, and the promise of Zambia's asset management industry. Enjoy! https://lnkd.in/eDzms5sy #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

Here is a list of the Top 20 best-performing companies in the Nairobi Securities Exchange PLC in 2024 based on Year-to-date gain (YTD%).

Spear has successfully completed a vendor consideration placement of R 457,7 million rand to bolster its growth plans in the Western Cape. Spear REIT CEO Quintin Rossi affirmed, "Spear has remained laser-focused on building a high-quality, regionally centered real estate portfolio that consistently generates sustainable cashflows and profitability. The proceeds of Spear's vendor consideration placement will be put to work to generate a mission-statement-aligned return for all stakeholders post the implementation of the new portfolio acquisition along with seeking out attractive portfolio growth opportunities within the region." The Western Cape has stood out as the most desirable real estate investment and development market in South Africa as Provincial and Municipal investment fundamentals outpace the balance of South Africa, resulting in improved economic activity, boding well for real estate valuations and rates of return. Spear is on the cusp of implementing its R 1,146 billion acquisition of a 13-asset Western Cape-only portfolio from the Emira Property Fund, which will see its assets under ownership increase to R 5,3 billion post implementation. The acquired assets constitute a diversified portfolio of 93 500m2 comprising high-quality industrial, medical retail and commercial offices in attractive and well-established Cape Town nodes. Following the new portfolio acquisition, management will continue to seek incremental investment and development opportunities, while also exploring diversified portfolio options within the Western Cape, in line with its investment strategy. The full press release can be found on: https://lnkd.in/dwPRvv6h #Spear #SpearREIT #SpearREITLImited #WeInvestWesternCape #WesternCape #BreakingNews Quintin Rossi Christiaan Barnard Kim Pfaff-Karg Cliff Toerien

#ICYMI, from April 2024 💡 "𝑻𝒉𝒆 𝒆𝒒𝒖𝒊𝒕𝒚 𝒎𝒂𝒓𝒌𝒆𝒕 𝒅𝒊𝒅 𝒗𝒆𝒓𝒚 𝒘𝒆𝒍𝒍 𝒊𝒏 2023. 𝑬𝒗𝒆𝒏 𝒂𝒇𝒕𝒆𝒓 𝒕𝒉𝒆 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒅𝒆𝒗𝒂𝒍𝒖𝒂𝒕𝒊𝒐𝒏, 𝒕𝒉𝒆 𝑴𝒂𝒍𝒂𝒘𝒊 𝑺𝒕𝒐𝒄𝒌 𝑬𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒘𝒂𝒔 𝒖𝒑 𝒃𝒚 𝒂𝒃𝒐𝒖𝒕 9% 𝒊𝒏 𝑼𝑺 𝒅𝒐𝒍𝒍𝒂𝒓 𝒕𝒆𝒓𝒎𝒔." (Mark Mikwamba, CFA) In April, I had the pleasure of chatting with Mark Mikwamba, CFA for Capital Markets Africa. He leads one of Malawi's largest and most important investment groups, Old Mutual Investment Group Malawi. In our conversation, he shared about the country's recent macroeconomic challenges, the recent strong performance of its equity market, and the value proposition for investing in Malawi for the long-term. Enjoy! https://lnkd.in/e7SKXzWT #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

#ICYMI, from July 2024 💡 "𝑾𝒆 𝒐𝒏𝒍𝒚 𝒐𝒘𝒏 𝒕𝒘𝒐 𝒃𝒂𝒏𝒌𝒔, 𝒂𝒍𝒕𝒉𝒐𝒖𝒈𝒉 𝑵𝑴𝑩 𝑩𝒂𝒏𝒌 𝑷𝒍𝒄 𝒊𝒏 𝑻𝒂𝒏𝒛𝒂𝒏𝒊𝒂, 𝒘𝒉𝒊𝒄𝒉 𝒊𝒔 𝒂 𝒇𝒂𝒏𝒕𝒂𝒔𝒕𝒊𝒄 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔, 𝒊𝒔 𝒐𝒖𝒓 𝒍𝒂𝒓𝒈𝒆𝒔𝒕 𝒉𝒐𝒍𝒅𝒊𝒏𝒈. 𝑵𝒐𝒕 𝒃𝒆𝒄𝒂𝒖𝒔𝒆 𝒊𝒕 𝒘𝒂𝒔 𝒔𝒐 𝒍𝒂𝒓𝒈𝒆 𝒘𝒉𝒆𝒏 𝒘𝒆 𝒇𝒊𝒓𝒔𝒕 𝒃𝒐𝒖𝒈𝒉𝒕 𝒊𝒕, 𝒃𝒖𝒕 𝒃𝒆𝒄𝒂𝒖𝒔𝒆 𝒊𝒕'𝒔 𝒅𝒐𝒏𝒆 𝒔𝒐 𝒘𝒆𝒍𝒍. 𝑰 𝒕𝒉𝒊𝒏𝒌 𝑰 𝒉𝒂𝒗𝒆 𝒂𝒏 𝒂𝒗𝒆𝒓𝒂𝒈𝒆 𝒆𝒏𝒕𝒓𝒚 𝒄𝒐𝒔𝒕 𝒐𝒇 2,000 𝑻𝒂𝒏𝒛𝒂𝒏𝒊𝒂𝒏 𝒔𝒉𝒊𝒍𝒍𝒊𝒏𝒈𝒔 𝒂𝒏𝒅 𝑵𝑴𝑩 𝒊𝒔 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒂𝒕 𝒐𝒗𝒆𝒓 5000 𝑻𝒂𝒏𝒛𝒂𝒏𝒊𝒂𝒏 𝒔𝒉𝒊𝒍𝒍𝒊𝒏𝒈𝒔 𝒕𝒉𝒓𝒆𝒆 𝒂𝒏𝒅 𝒂 𝒉𝒂𝒍𝒇 𝒚𝒆𝒂𝒓𝒔 𝒊𝒏. [𝑰𝒕'𝒔 𝒂𝒍𝒔𝒐] 𝒃𝒆𝒆𝒏 𝒑𝒂𝒚𝒊𝒏𝒈 𝒖𝒔 𝒂 𝒅𝒊𝒗𝒊𝒅𝒆𝒏𝒅 𝒚𝒊𝒆𝒍𝒅 𝒐𝒇 10% 𝒑𝒍𝒖𝒔." (Tim Staermose) In July, I had the privilege of chatting with Tim Staermose, Founder, African Lions Fund. Based in Tanzania, Tim has a good view of East Africa's equity markets. In this conversation, he shares about his move from investing in Asia to Africa, the opportunity for value investing in Africa, the macro factors he’s keeping an eye on between now and year end, and much more. Enjoy! https://lnkd.in/gbSuMEfx #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

#ICYMI, from July 2024 💡 "𝑨 𝒍𝒐𝒕 𝒐𝒇 𝒑𝒆𝒐𝒑𝒍𝒆 𝒄𝒐𝒏𝒇𝒖𝒔𝒆 𝒈𝒍𝒐𝒔𝒔𝒚 [𝒓𝒆𝒑𝒐𝒓𝒕𝒔] 𝒘𝒊𝒕𝒉 𝒈𝒐𝒐𝒅 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒔𝒕𝒂𝒕𝒆𝒎𝒆𝒏𝒕𝒔." I recently chatted with Anne Eriksson for the Capital Markets Africa podcast. Anne is a PwC lifer. In total, she spent 40 years with the firm, 31 as a partner. At 28, she became the first African woman to make partner at the firm. She was also the first female in PwC Africa to serve as a regional CEO. Since retiring in 2018, she has taken on several non-executive director roles of both listed and unlisted firms including Jumia Group, AAFC - African Asset Finance Company, Raxio Group and CGIAR. In this wide-ranging conversation, Anne reflects on how financial reporting has changed over the years, how African business leaders can best prepare for taking their companies public, and what makes a good non-executive director. Enjoy! https://lnkd.in/eb2tF452 #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

#ICYMI, from May 2024 💡 "[10 𝒚𝒆𝒂𝒓𝒔 𝒂𝒈𝒐] 𝒘𝒆 𝒔𝒕𝒂𝒓𝒕𝒆𝒅 𝒐𝒇𝒇 𝒘𝒊𝒕𝒉 𝒓𝒐𝒖𝒈𝒉𝒍𝒚 10,000 𝒄𝒍𝒊𝒆𝒏𝒕𝒔, 𝒂𝒃𝒐𝒖𝒕 𝒁𝑨𝑹1 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 𝒂𝒔𝒔𝒆𝒕𝒔 and 30 𝒔𝒕𝒂𝒇𝒇 𝒂𝒄𝒓𝒐𝒔𝒔 𝒕𝒉𝒆 𝒘𝒉𝒐𝒍𝒆 𝑷𝒖𝒓𝒑𝒍𝒆 𝑮𝒓𝒐𝒖𝒑. 𝑨𝒔 𝒘𝒆 𝒍𝒐𝒐𝒌 𝒂𝒕 𝒕𝒉𝒆 𝒈𝒓𝒐𝒖𝒑 𝒕𝒐𝒅𝒂𝒚, 𝒘𝒆'𝒗𝒆 𝒎𝒂𝒏𝒂𝒈𝒆𝒅 𝒕𝒐 𝒂𝒕𝒕𝒓𝒂𝒄𝒕 𝒄𝒍𝒐𝒔𝒆 𝒕𝒐 𝒂 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒂𝒄𝒕𝒊𝒗𝒆 𝒄𝒍𝒊𝒆𝒏𝒕𝒔, 𝒐𝒗𝒆𝒓 𝒕𝒘𝒐 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒓𝒆𝒈𝒊𝒔𝒕𝒆𝒓𝒆𝒅 𝒖𝒔𝒆𝒓𝒔 𝒐𝒏 𝒕𝒉𝒆 𝑬𝒂𝒔𝒚𝑬𝒒𝒖𝒊𝒕𝒊𝒆𝒔 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎, 𝒁𝑨𝑹35 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 𝒂𝒔𝒔𝒆𝒕𝒔 𝒂𝒏𝒅 𝒐𝒗𝒆𝒓 200 𝒔𝒕𝒂𝒇𝒇." (Nicola Comninos, CFA) In May, I had the privilege of speaking with Nicola Comninos, CFA, Chief Risk Officer at Purple Group, a diversified fintech business listed on the JSE. In our conversation, Nicola talked about Purple's positive financial performance for the six months to Feb '24, how it incentivises good investment behaviour on its EasyEquities trading platform, group risk management, and more. Enjoy! https://lnkd.in/e5t_v-QC #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.

#ICYMI, from December 2023 💡 "[𝑨𝒔 𝒂 𝑼𝑺 𝒅𝒐𝒍𝒍𝒂𝒓 𝒊𝒏𝒗𝒆𝒔𝒕𝒐𝒓] 𝒚𝒐𝒖'𝒓𝒆 𝒃𝒖𝒚𝒊𝒏𝒈 𝒂𝒏 𝒊𝒏𝒄𝒓𝒆𝒅𝒊𝒃𝒍𝒆 𝒂𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝒄𝒐𝒎𝒑𝒂𝒏𝒚 𝒇𝒐𝒓 𝒗𝒆𝒓𝒚, 𝒗𝒆𝒓𝒚 𝒍𝒊𝒕𝒕𝒍𝒆 𝒎𝒐𝒏𝒆𝒚. 𝑻𝒉𝒆 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏 𝒊𝒔, 𝒅𝒐 𝒚𝒐𝒖 𝒇𝒊𝒏𝒅 𝒕𝒉𝒆 𝒍𝒊𝒒𝒖𝒊𝒅𝒊𝒕𝒚? [𝒑𝒓𝒐𝒃𝒂𝒃𝒍𝒚 𝒏𝒐𝒕] 𝑩𝒖𝒕 𝑰 𝒕𝒉𝒊𝒏𝒌 𝒂𝒕 𝒕𝒉𝒆𝒔𝒆 𝒑𝒓𝒊𝒄𝒆𝒔, 𝒊𝒕'𝒔 𝒂 𝒔𝒕𝒆𝒂𝒍." (Axel Krohne) Axel Krohne is founder of the Krohne Fund, a global, value oriented equity fund that invests in public companies mainly in frontier and emerging markets. In this conversation, Axel shares what value investing means to him, his approach to navigating FX currency risk in Africa, and why global investors need to take more interest in African public markets. Enjoy! https://lnkd.in/gRx9iq8t #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets Disclaimer: Capital at risk.