Africa’s stock market capitalization tripled between 2002 and 2012

Stock markets are a key measure for raising capital to enable growth of African business.  From just 5 stock exchanges in 1989, there are now 28 stock exchanges in Africa with an estimated total market capitalization of over US$732 billion representing a 300% jump from US$245 billion in 2002 and US$113 billion in 1992.  Top African stock markets by market capitalization include South Africa (US$612 billion) in the lead  followed by Nigeria (US$56B), Kenya (US$15B), Zimbabwe (US$12B) and finally Ivory Coast (US$8B). Read more here…