Cross-listings in Africa: To be or not to be?
Dear Africa interested individuals: Most African stock exchanges are thinly traded on a volume and activity basis. Some listed companies rarely trade at all and others that trade regularly do so in insufficient quantities relative to demand. African companies across industries have embarked on an expansion spree across the African continent in the quest for revenue as markets became saturated in their home countries. As these companies improve their performances through the conquering of new territory, are investors across the continent being given a chance to partake in ownership of these companies? Shakespeare said "to know you is to love you" Investors say "to see you is to buy you" There are two types of cross listings: Listing of the parent company's ordinary shares on another stock exchange in another country or the listing of depository shares of parent company on another exchange in anothe