Term: AFRICAN STOCK EXCHANGE

A stock exchange located somewhere in Africa. The largest stock exchange in Africa is the JSE with a market capitalisation of over $1 trillion. It is larger than all the other African stock exchanges combined. The Egyptian stock exchange has a market capitalisation of around $500bn and other stock exchanges include Nigerian ($30bn), Nairobi ($20bn) and Mauritius ($7bn). Many African countries have minute stock exchanges with less than a dozen listed shares – most of which result from a government privatisation.

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