Africa gets ready for IPO flurry

Around 30 companies are preparing to list around Africa with those in real estate, energy and financial leading the way.

African companies are preparing to list on a number of markets including Egypt Dan Breckwoldt

Africa looks set for a busy year with companies in real estate, financial and energy sectors leading the way to list. According to a report by Baker & McKenzie, 30 companies have said they were preparing to list. The majority of these would list on markets in in Egypt, Kenya, Morocco, Nigeria, South Africa and Tunisia, the law firm said. Koen Vanhaerents, global head of capital markets at Baker & McKenzie, said that improved corporate governance, better regulation and expanding economies were creating a more sound footing for African capital markets.Source:  King News

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