Recent Posts
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Results of online investor relations survey: Q1: Standards of Corporate Governance in Africa
In our African Online Investor Relations Survey conducted recently we asked 108 investors in African markets what their views were on information availability on companies listed in African capital markets. Participants were from 21 countries with South African and Kenyan respondents accounting for a combined 43% of responses. I am releasing summaries of the data [...]
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Why are Zimbabwean CEOs podcasting negative investor relations news?
I have seen how CEOs in Zimbabwe’s listed companies shy away from communicating to investors in a broad, immediate and non-exclusionary manner (i.e. they don’t want to use the internet to broaden coverage of their earnings news). There are two Zimbabwean executives however bucking this trend: Pat Devenish of AICO Africa and Zondi Kumwenda of [...]
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When should information from African stock exchanges be released online?
Africa’s time zones straddles those of the USA (6-8 hours behind us) and eastern markets (6-8 hours ahead). There is not much difference between the UK and African time zones – give or take a few hours. So lets take the example of a corporate action of a central African listed company, any company, being [...]
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National Foods Zimbabwe launches on-line investor relations initiative
I am pleased to announce the launch of the on-line investor relations initiative of National FoodsHoldings Limited, a company listed on the Zimbabwe Stock Exchange. The company has a market capitalisation of US$95.8m and has 1,004 shareholders. Innscor (with a market capitalization of US$378m), also listed on the Zimbabwe Stock Exchange, is the majority shareholder [...]
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Chairmen are beautiful and they know it
I have just reviewed 50 Zimbabwean listed company annual reports to see how many of them have pictures of the Chairman, CEO and FD displayed. Of the 50 reports, 24 had no pictures of any of these senior executives. 26 had pictures and of these 26, the following percentages represent the appearance of the Chairman, [...]
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Central African Stock Exchanges Handbook launches website and subscription option
I am, in principle, against the sale of basic investment information in African markets. There are caveats however to this, and that’s when the information adds value. This is the case for the CASE Handbook, a well-known regional publication on 4 regional sub-Saharan markets that has hitherto not appeared online. The Central African Stock Exchange [...]
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NMB Bank Zimbabwe launches online investor
Structuring a banking group website is particularly challenging because of different objectives arising from numerous business functions and large customer bases. Corporate website visitors generally visit less than 3 pages on each website and generally spend less than 3 minutes online. They don’t have time to waste. Here are the average statistics from the corporate [...]
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NMB Bank Zimbabwe launches online investor relations initiative
Structuring a banking group website is particularly challenging because of different objectives arising from numerous business functions and large customer bases. Corporate website visitors generally visit less than 3 pages on each website and generally spend less than 3 minutes online. They don’t have time to waste. Here are the average statistics from the corporate [...]
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Published financial reports & IFRS compliance “not good enough” in Zimbabwe
Yesterday the SEC (Zimbabwe) and PAAB (Zimbabwe) held a seminar to highlight the extent of non-compliance with IFRS for published reports by listed companies in Zimbabwe. The SEC and PAAB have, following signature of an agreement to work together, formed a Monitoring Panel to investigate complaints and advise the ZSE in relation to ongoing compliance [...]