Author Topic: Investing in Africa  (Read 6077 times)

Graham Osborn

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Re: Investing in Africa
« Reply #10 on: March 28, 2016, 07:57:25 AM »
One additional problem: I would not feel comfortable sending a broker in, say, Nigeria a copy of my passport and a proof of address. I feel the same about most other African countries. The damage that can be done by identity theft is so huge that it just seems like a bad idea to me, no matter how cheap the stock is that you're considering. You really need to be able to trust the people that have access to your personal information and be able to trust the security of their systems from outside attack.

This +100.  I couldn't get over the same hump myself and never opened an account.  "Just send us a copy of your passport and bank details" is fine if everyone is trusting and everything secure.  But what if it isn't?  I imagined my details sitting in a manila folder somewhere on a desk just waiting to be "lost".

Lol.  If you can't even trust your broker not to steal your identity, how are you going to feel comfortable enough with the local regulatory disclosures to make an investment?


fareastwarriors

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Re: Investing in Africa
« Reply #11 on: November 10, 2017, 04:28:29 PM »
The Brothers Who Bought South Africa

The continentís most important economy now appears to function for the benefit of one powerful family.

https://www.bloomberg.com/news/features/2017-11-09/the-brothers-who-bought-south-africa

elliott

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Re: Investing in Africa
« Reply #12 on: July 12, 2019, 12:40:09 PM »
Has anyone invested in Africa or looked into it? I'm specifically interested in the Kenyan market. Do you have any suggestions on a broker to use? I was looking at SBG Securities but none of the options seem overly appealing. Does anyone know of a relatively safe/secure broker that cover multiple countries on the continent, including South Africa and Kenya?

If you have researched or invested in Kenya (or generally, in Africa), how did you consider your rights as a minority shareholder when valuing these companies? Has anyone run into problems with asset seizures or illiquidity? Has anyone had their account or assets frozen temporarily or permanently?

Any personal accounts of investing in the region would be greatly appreciated!

Did you finally opened a broker account in Kenya? I also would like to invest in some stocks of the Nairobi Stock Exchange, and I am trying to see in some body was able to do it. I also read the links in the first posts.

Thanks.