In what appears to be a deviation from the norm, officials from the London Stock Exchange Group (LSEG) have been on a roadshow across Africa this week to scout for potential new listings from the continent.
Prior to this move by LSEG, African companies have usually had to undergo a rigorous procedure and meet several stringent requirements to get listed on the trading platform, which is one of the biggest in the world.
However, as revealed by the Exchange’s Director of Emerging Markets and International Markets, Ibukun Adebayo, the roadshow which is part of a United Nations initiative is aimed at boosting the LSE’s 115 African listings.
The LSEG will be working in partnership with African exchanges – including Nigeria and Kenya – over possible dual listings. “If a company has an international strategic growth plan, then the LSE is a perfect vehicle for the company to come and list,” Adebayo said in Nairobi.
The Director added that the London-based Group can help work with local partners on behalf of companies that need to raise money in the domestic market and increase the number of investors available to it.
Following a similar visit to South Africa two months ago, some of Click here to read entire article
Source:: Ventures Africa