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| About Us |
| AfricanSelect was founded with the primary objective of providing the African Diaspora a single platform on which they can participate in equity (stock) and debt (bond) investment markets across the African continent. The company through member brokers licensed on various stock exchanges across the continent allows clients to open a single account from which they can trade stocks and bonds in and across countries of their choice based on their investment goals and interests. AfricanSelect is a subsidiary of STOCKTRENDS, LLC a company founded in 2003 to create a greater awareness of investment opportunities across Africa. In late 2004 STOCKTRENDS, LLC launched the business portal firstglobalselect.com that provides comprehensive coverage of stock markets in Africa and the Middle East. Launched in late 2006 the goal for AfricanSelect is to extend STOCKTRENDS, LLC's services beyond just creating an awareness of African Stock Markets and offer a technologically advanced platform that allows African and international retail and corporate investors to take part in investment opportunities across the continent.
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| Top Regional Business News |
| Nigeria's United Bank for Africa Q1 net profit grows 18.4% y/y |
| ABW - 16 May, 2013 |
| United Bank for Africa (UBA), Nigeria's third biggest bank, posted a net profit of NGN 15.56bn (EUR 76mn) for the first quarter of 2013, up 18.4% y/y, buoyed by higher revenue. The bank's pre-tax profit rose 12% y/y to NGN 17.16bn. Its net interest income jumped 23.2% y/y to NGN 27.16bn, and net fee and commission income rose 15.9% y/y to NGN 12bn. |
| AMCON Confirms Sale of Nationalised Banks in 2014 |
| All Africa Global Media - 14 May, 2013 |
| The Asset Management Company of Nigeria, AMCON, has said it would be selling off, Keystone, Enterprise and Mainstreet banks, in 2014. |
| Equity Bank unseats KCB as most profitable lender |
| ABW - 11 May, 2013 |
| Equity Bank has overtaken KCB to become Kenya's most profitable bank, aided by falling interest expenses and reduced staff costs, hinting at a shift that could alter the balance of power in the regional banking business. |
| Dangote Sugar Withdraws Investment From Algeria |
| All Africa Global Media - 15 May, 2013 |
| Dangote Sugar Refinery Plc has pulled its investment from Algeria and is planning to make more acquisitions of local sugar farms to boost its backward integration programme and benefit from the Federal Government Sugar Master Plan. |
| Transcorp Raises Fresh Fund From Capital Market |
| All Africa Global Media - 13 May, 2013 |
| As part of efforts to shore up its capital requirement for various infrastructural development, Transnational Corporation of Nigeria (Transcorp) is raising fresh capital of about N12.9 billion from the nation's capital market. |
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| Africa Market Roundup |
| Botswana |
8,665.70 |
+0.00 |
+0.00% |
23May |
| Egypt |
5,343.21 |
-72.99 |
-1.35% |
23May |
| Ghana |
1,852.36 |
+1.32 |
+0.07% |
23May |
| Kenya |
4,956.95 |
-26.59 |
-0.53% |
23May |
| Malawi |
6,413.98 |
+5.05 |
+0.08% |
24May |
| Mauritius |
1,942.79 |
-4.65 |
-0.24% |
24May |
| Morocco |
8,828.48 |
-133.97 |
-1.49% |
23May |
| Nigeria |
36,472.43 |
-787.48 |
-2.11% |
23May |
| Tanzania |
1,541.97 |
+1.58 |
+0.10% |
24May |
| Tunisia |
4,488.24 |
+23.62 |
+0.53% |
23May |
| Uganda |
1,765.15 |
+29.92 |
+1.72% |
22May |
| Zambia |
4,242.74 |
+14.95 |
+0.35% |
10April |
| Zimbabwe |
212.08 |
+0.33 |
+0.16% |
24May |
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| Partner Sites |
| www.africaninvestor.net |
| www.globalshareholder.com |
| www.moneyhub.net |
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