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Tuesday, January 25, 2022 / 9:26 AM /
Ottoabasi Abasiekong for WebTV / Header Image Credit: WebTV
Emerging Africa Group a financial services
group as part of its commitment to positioning the African region as a key
global investment origin and destination launched the maiden of its "Africa
Capital Markets Report".
At the formal launch of the report, Mrs.
Toyin F. Sanni the Group Chief Executive Officer, Emerging Africa Group (EAG)
said it identifies key investment opportunities for existing and potential
stakeholders in the region.
According to her the report reviews the
macro-economic environment and activities of key capital markets across the
continent of Africa for the preceding year (2021) and presents the EAG views on
the outlook for the year (2022).
"Capital market access is key to economic
and industrial growth, making countries less dependent on donor aid and loans
from foreign governments to finance investments and expenditure. African
Capital market activities picked up significantly in the year 2021 and look
poised to do even better in 2022 creating opportunities and attractive returns
for investors in the process" - She added.
Speaking further she said the report
x-rayed the entire continent and captured 18 key markets in the region.
The
Chairperson, Emerging Africa Group Chief Dr. (Mrs.) Nike O. Akande (OON) (CON)
in her remarks congratulated the team for launching the first of its kind "Africa Capital Markets Report" and thanked
the Group CEO, Mrs. Toyin F. Sanni, for her exceptional leadership in producing
such a well detailed report.
Mr. Tobi Bondefaiye-Owope the Team Lead,
Research for Emerging Africa Group described the report as easy to follow and
providing rich insights for investors with broad coverage of the equities,
fixed income and capital market transactions.
In addition, he mentioned from the report
that Africa received $105.6bn worth of cryptocurrency between July 2020 and
June 2021, driven by peer-to-peer transactions in key growth markets.
Giving further insight he noted that
Mergers and Acquisitions dominated transactions in the African markets in year
2021. He added that the report also identified 5 countries that have immense
potentials for attracting more investments in the region.
Other areas covered include Africa's most
capitalized companies for 2021, Sovereign Debt Credit Rating, Green Bonds
activities and Country specific investment opportunities.
The report also discloses that about 900+
private capital market transactions were conducted in the continent in 2021, at
the value of $99bn+ in 21 types of transactions.
For further details on this report you can send an email to eac@emergingafricagroup.com
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