Ethiopia is now Africa's fastest growing economy

Re:Ethiopia is now Africa's fastest growing economy by anubisresources on Monday May 21, 2018 @11:19AM (#17119016)

Financial system varies broadly country to country, but there are virtually no publicly traded African companies. If you wish to invest you need to find private companies willing to take on an investor

[ Parent | on HN ]

Re:Ethiopia is now Africa's fastest growing economy by jeffreyrogers on Monday May 21, 2018 @12:45PM (#17119727)

Not sure why you're being downvoted. I think what you're saying is correct.

[ Parent | on HN ]

Re:Ethiopia is now Africa's fastest growing economy by icebraining on Monday May 21, 2018 @01:22PM (#17120037)

The Johannesburg stock exchange alone has about 400 companies listed, so "virtually none" seems a bit hyperbolic.

[ Parent | on HN ]

Re:Ethiopia is now Africa's fastest growing economy by jeffreyrogers on Monday May 21, 2018 @05:13PM (#17121876)

Sure, but outside of South Africa I believe what the OP is saying is true. In any case, better to correct him than downvote him without an explanation.

I expect you would find that the biggest companies in most of Africa are either state owned mining and oil companies or western companies operating in Africa. I don't think they have many important publicly traded companies because their financial systems aren't well developed.

[ Parent | on HN ]