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Africa can do better without fragmented stock exchanges

Richard Branson, founder of Virgin Galactic poses before ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange (NYSE) on Monday in New York City. AFP PHOTO

By  Rufus Mwanyasi

Managing Director

Canaan Capital Limited

The Absa Africa Financial Markets Index is out and is packed with valuable insights. The OMFIF-Absa report is slowly becoming a staple within the investment community.

Africa capital markets made big leaps – overall score settled at 52.7 (out of 100), up from 49.6 in 2017 - with Kenya ranking third (out of 20 countries scored). More importantly, this year’s edition (just like the previous two) confirms a couple of observations.

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Note: The results are not exact but very close to the actual.

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