Q: How many African stock market indices outperformed the S&P 500 over the past three years?
A: Nearly all of them - in US dollars.
From 2002 to 2007, Kenya’s NSE main index rose 787%, making it one of the world's best-performing markets. In three years the Mauritius All Share Index was up 75%, the Nigeria All Share Index doubled, and the Malawi Domestic Index posted a 500% return.
With Africa's growth projected at 6.2% 2007, macro-economic prospects are excellent. Improved economic planning, exchange controls, pension market reforms, fiscal discipline, commitments to improve the investment climate, strong commodity prices and significant Chinese and G8 economic commitments, are all encouraging signals for investment in Africa. Driven by strong earnings and attractive valuations, African stock markets posted strong performance in the first quarter of 2007.
See FOCUS ON KENYA |