US - African stock markets will launch a campaign to attract more investors from the US and Europe to boost liquidity in their markets, said Sunil Benimadhu, chief executive officer of the Stock Exchange of Mauritius.
"We want to promote more investments in the African stock exchanges," he said. "African stock exchanges have been the best performers in the last few years, and we want foreign investors to share in this growth."
ASEA, which represents 20 stock exchanges from 27 countries, wants more institutional investors, pension funds, mutual funds and hedge funds to consider Africa for investment, Benimadhu said.
At the moment, about 40% of investors in the continents exchanges are based outside Africa, he said.
To improve international participation, African bourses must improve accountability, reduce bureaucracy and bring their regulations in line with global markets, said Quintus Kilbourn, head of South African equities for Citigroup Global Markets.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
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