Africa in Fact Issue 34
After Qaddafi

After Qaddafi

Libya: turmoil and civil war Like so much else in Libya, Tripoli’s fledgling stock exchange came to a standstill after the country plunged into civil war in the summer of 2014. But even before, the idea of investing in...

Kenya: rich tax

Kenya: rich tax

Since Kenya reintroduced a 5% capital gains tax (CGT) in January, its stock market has plummeted. The Nairobi Securities Exchange lost a massive 6.75% of its value in May when foreign investors withdrew 1.5 billion...

Rwanda’s fledgling capital market

Rwanda’s fledgling capital market

Stewards at Cafe Neo prepare cafee for clients on December 4, 2014 in Lagos. Photo: Pius Utomi Ekpei/AFP Rwanda has acquired the reputation of a rags-to-riches nation. Internationally, President Paul Kagame’s claim to...

Nigeria: short cuts

Nigeria: short cuts

Nigeria’s hope of reforming its capital market using a new corporate governance system is haunted by endemic corruption By Ini Ekott The Nigerian Stock Exchange won plaudits last November for launching a new set of...