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Discussion Starter · #1 ·
I live in America currently and I'd like to invest in African stocks. Do I have to go directly through African stock markets or can I do so through American vendors like e-Trade and Scottrade online services? Can I invest in African stocks with just online tools living here in America?

Also, how can I find out about African stock market/company information, particularly Nigeria.

I really want to invest in African stocks but since I don't have access to companies on the ground in Nigeria I'd like to know any channels I can go through here in America.

I already own a shipping company in Uganda but I'd like to expand in Nigeria but I have obligations state-side and I'm unable to move around so my best bet is stocks, I'd appreciate any help. Thank you.

I really hope my only option isn't going down to Nigeria myself or having to go through brokers in Africa.
 

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Discussion Starter · #3 ·
I doubt US stock vendors do African stocks. Your best bet is email and trying to find local traders.
Is it safe to deal with Nigerians via email? :lol:

Jokes aside, I wouldn't mind going to the ground if I were to invest a heavy amount of money, which I will only do in Uganda, but I only want to do some experimental stock trading in African markets, I don't plan to spend more than $1000 in my initial/sample trades.

Thanks for the words though.
 

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Is it safe to deal with Nigerians via email? :lol:

Jokes aside, I wouldn't mind going to the ground if I were to invest a heavy amount of money, which I will only do in Uganda, but I only want to do some experimental stock trading in African markets, I don't plan to spend more than $1000 in my initial/sample trades.

Thanks for the words though.
Well it's all in who you find.
 

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I live in America currently and I'd like to invest in African stocks. Do I have to go directly through African stock markets or can I do so through American vendors like e-Trade and Scottrade online services? Can I invest in African stocks with just online tools living here in America?

Also, how can I find out about African stock market/company information, particularly Nigeria.

I really want to invest in African stocks but since I don't have access to companies on the ground in Nigeria I'd like to know any channels I can go through here in America.

I already own a shipping company in Uganda but I'd like to expand in Nigeria but I have obligations state-side and I'm unable to move around so my best bet is stocks, I'd appreciate any help. Thank you.

I really hope my only option isn't going down to Nigeria myself or having to go through brokers in Africa.
If u are serious,here are some resources to find out about Nigerian stocks

Bloomberg . . . http://noir.bloomberg.com/apps/quote?ticker=NGSEINDX:IND
For company news click on news and regions

Proshare. . . http://www.proshareng.com/news/index.php

Dunn Loren Merrifield. . . http://www.dunnlorenmerrifield.com/research.php?country=ng

Forum. . . . http://www.stockmarketnigeria.com/forums/

FOR INVESTING IN NIGERIA FROM USA

Stanbic Ibtc. . .South Africas standard banks subsidiary is your best bet
you can invest from USA(i do),u just link your checking account here to your brokerage account and u can transfer funds back and forth. . .heres their website,u can call or write them
http://www.ibtc.com/portal/site/nigeria

UBA Nigeria. . .UBA has a Newyork office where u can go open an account and invest in Nigeria from here. . .heres the website
http://www.ubagroup.com/group/genericpage/199

hope that helps
 

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Discussion Starter · #7 ·
Thanks a lot Paddylo, I will bookmark this topic for the info you provided.

PrinnyMan, I'm not aware of Morocco's resources or economic boom, its probably normal growth at best---you have to see some of these states like Nigeria, Congo, Uganda, they are turning into economic monsters overnight. I'm looking for an explosive gain, not good or even great.
 

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Not suer about the other countries, but the US embassy has a good resource page for investing in Egypt:

http://cairo.usembassy.gov/Invest.htm

^^Maybe those links provided can help you find investment opportunities in other African countries too, like the ones your looking for? :dunno:

You said you have a shipping company right? Well heres some recent news for you:

DP World to Double Container Operations in Egypt’s Sokhna Port
http://www.businessweek.com/news/20...tainer-operations-in-egypt-s-sokhna-port.html
 

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Discussion Starter · #9 ·
You said you have a shipping company right? Well heres some recent news for you:

DP World to Double Container Operations in Egypt’s Sokhna Port
http://www.businessweek.com/news/20...tainer-operations-in-egypt-s-sokhna-port.html
Thank you for your contribution but we're landlocked in Uganda. :lol: :eek:hno:

The Suez is FAR out of my range. We usually ship across rivers, into Rwanda and Sudan. In any case, I don't think our products cater to Egypt's advanced industries. We specialize in the export of chemical goods like fertilizer, polystyrene products, acid, rare extracts, detergents, plastics - these are things that are too available in Egypt but still in demand in our regions.
 

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Thank you for your contribution but we're landlocked in Uganda. :lol: :eek:hno:

The Suez is FAR out of my range. We usually ship across rivers, into Rwanda and Sudan.
:lol:

Good luck anyways!
 

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i have been thinking about doing the same thing my self even though at some point i want to set up a business in africa myself, but i dont want to miss the opportunity while it is here.
 

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If u are serious,here are some resources to find out about Nigerian stocks

Bloomberg . . . http://noir.bloomberg.com/apps/quote?ticker=NGSEINDX:IND
For company news click on news and regions

Proshare. . . http://www.proshareng.com/news/index.php

Dunn Loren Merrifield. . . http://www.dunnlorenmerrifield.com/research.php?country=ng

Forum. . . . http://www.stockmarketnigeria.com/forums/

FOR INVESTING IN NIGERIA FROM USA

Stanbic Ibtc. . .South Africas standard banks subsidiary is your best bet
you can invest from USA(i do),u just link your checking account here to your brokerage account and u can transfer funds back and forth. . .heres their website,u can call or write them
http://www.ibtc.com/portal/site/nigeria

UBA Nigeria. . .UBA has a Newyork office where u can go open an account and invest in Nigeria from here. . .heres the website
http://www.ubagroup.com/group/genericpage/199

hope that helps
nice drop of knowledge paddylo,
 

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Discussion Starter · #13 ·
i have been thinking about doing the same thing my self even though at some point i want to set up a business in africa myself, but i dont want to miss the opportunity while it is here.
Do so! Now. Africa today is like Arabia was in the 1930s. Invest in farming, blue gold (water) is the new oil. I'm particularly looking at Nigeria because despite its size it hasn't seen the type of investor frenzy that Uganda has, Nigeria is still relatively virgin, so is Congo.
 

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Thanks a lot Paddylo, I will bookmark this topic for the info you provided.

PrinnyMan, I'm not aware of Morocco's resources or economic boom, its probably normal growth at best---you have to see some of these states like Nigeria, Congo, Uganda, they are turning into economic monsters overnight. I'm looking for an explosive gain, not good or even great.
ditto

:dance::dance::dance:
my 800th post!!!
 

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you are an east african, right? you can invest in nairobi stock exchange, daresalaam stock exchange and the ugandan stock exchange. its your choice.

oh! and the real estate market in kenya is BOOMING so that is an avenue i would recommend for you to explore.
 

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Discussion Starter · #17 ·
you are an east african, right? you can invest in nairobi stock exchange, daresalaam stock exchange and the ugandan stock exchange. its your choice.

oh! and the real estate market in kenya is BOOMING so that is an avenue i would recommend for you to explore.
I know real estate is great, but I'm not sure if real estate companies have stocks. I am well aware of Kenya's real estate boom, I used to live in Komarock neighborhood in Nairobi, it was empty when I lived there 15 years ago, now that entire part of Nairobi is lively. I was shocked to see the area on google maps, it doesn't look like the same section of town I lived in.

The thing is I would invest in East Africa but I'm pursuing natural resource booms; East Africa has always had great real estate development compared to other parts of Africa but we always lacked those raw natural resources found in other parts of the continent. For this I am pursuing the $$$ in Nigeria. I already own a company in Uganda, which is the only East African state experiencing a natural resource boom other than Ethiopia, and I am trying to be adventurous and expand into other trade theaters, I want to drink tea in Lagos and eat have fufu in the Congo.
 

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I know real estate is great, but I'm not sure if real estate companies have stocks. I am well aware of Kenya's real estate boom, I used to live in Komarock neighborhood in Nairobi, it was empty when I lived there 15 years ago, now that entire part of Nairobi is lively. I was shocked to see the area on google maps, it doesn't look like the same section of town I lived in.

The thing is I would invest in East Africa but I'm pursuing natural resource booms; East Africa has always had great real estate development compared to other parts of Africa but we always lacked those raw natural resources found in other parts of the continent. For this I am pursuing the $$$ in Nigeria. I already own a company in Uganda, which is the only East African state experiencing a natural resource boom other than Ethiopia, and I am trying to be adventurous and expand into other trade theaters, I want to drink tea in Lagos and eat have fufu in the Congo.
ulikuwa unaishi koma???? wow!!! such a small world
 

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Discussion Starter · #19 ·
You lived there too huh? :lol:

Don't fault me but I don't speak good Swahili; when I lived in Nairobi I didn't go to school or have a job so I only learned some street slang to buy stuff.

Yeah I've been meaning to return there, I met a girl last year who also came from Komarock and she talks of a totally different neighborhood that I knew. I haven't been there since 1996. When I moved there in the early 90s the entire area was empty and considered the outskirts of Nairobi, now there's so much activity going on, I probably shouldn't even return, my old block probably looks like New York compared to what it used to be.
 

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you are an east african, right? you can invest in nairobi stock exchange, daresalaam stock exchange and the ugandan stock exchange. its your choice.

oh! and the real estate market in kenya is BOOMING so that is an avenue i would recommend for you to explore.
Actually, they are now working to unify all these stock exchanges plus the Rwandan one into one large East African stock exchange. I dont know if you have noticed all the cross listing of companies thats going on across the region.
 
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