Nigeria πŸ‡³πŸ‡¬, Egypt πŸ‡ͺπŸ‡¬, South Africa πŸ‡ΏπŸ‡¦ and Morocco πŸ‡²πŸ‡¦ are the only 4 African countries

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Nigeria πŸ‡³πŸ‡¬, Egypt πŸ‡ͺπŸ‡¬, South Africa πŸ‡ΏπŸ‡¦ and Morocco πŸ‡²πŸ‡¦ are the only 4 African countries with dedicated mutual funds (ETFs) traded in New York Stock Exchange (NYSE).

Nigeria πŸ‡³πŸ‡¬ had the lowest Price to Earnings ratio (PE) of 3 (meaning that the investor will need 3 year profits to get his money back), while Egypt πŸ‡ͺπŸ‡¬ traded at PE ratio of 8 and South Africa at PE ratio of 9.

Nigeria πŸ‡³πŸ‡¬ generated annual cash dividends rate of 14%, Egypt πŸ‡ͺπŸ‡¬ 1.5% and South Africa 3%.

(no data was available for Morocco’s πŸ‡²πŸ‡¦)

Listing of African stocks in the major international stock markets is crucial to provide long term foriegn investors access to African companies.

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