SecondSTAX, a technology company that develops solutions to improve intra-African capital and investment flows, introduced the SecondSTAX Portal in Kenya and Ghana.
This made it possible for institutional investors throughout Africa to quickly and directly invest in the Nairobi Securities Exchange and the Ghana Stock Exchange.
With this initiative, licensed broker-dealers, asset managers, large commercial banks, and other institutional investors from across the continent will find it simpler to invest in Ghana’s and Kenya’s leading exchanges via SecondSTAX’s transparent, user-friendly, cloud-based portal. Collaboration between Databank Group and Kestrel Capital (East Africa) Limited (Kenya) facilitates the effort (Ghana). Additionally, investors will be able to invest in their currencies, opening up a wider choice of resources and possibilities for more Africans and paving the way for greater riches on the continent.
The innovative platform, which is the first of its kind, has the potential to have a substantial impact on trading and increase market liquidity. Although the Nairobi Stock Exchange (NSE) and the Ghana Stock Exchange (GSE) are two of Africa’s busiest exchanges, their fragmented structures and a lack of data have restricted access to capital.
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Other Things SecondSTAX is Up To
For investment firms, SecondSTAX is developing technological solutions that will enable a smooth flow of capital and institutional investment across the continent. The SecondSTAX portal will consolidate all debt and equity capital markets in Africa, starting with Ghana and Kenya, making it simpler to access opportunities in pertinent markets. The gateway simplifies transactions by securely and effectively directing orders onto the established, mature capital markets infrastructure in full conformity with local regulations. As a result, investors have more power to help their clients and have the chance to increase their earnings.
“Linking markets is a very important priority for us, something that we are also committed to as part of the African Exchange Linkages Project. We are happy with this complementary approach, and we look forward to working with SecondSTAX to explore more ways to scale up opportunities on our exchange. We believe that we must deepen trading within Africa, facilitate cross-border trading and make our markets more liquid, and platforms like SecondSTAX provide an effective tool for facilitating this agenda.”
Geoffrey Odundo, Chief Executive of the Nairobi Securities Exchange Plc explains.
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Stock exchange in Ghana
An investor should consider various variables before choosing any security on the Ghana Stock Exchange. Research is often the foundation of a wise investment. When deciding whether to purchase shares on the Ghana Stock Exchange, an investor must take into account the previous performance of the firms, the industry in which the companies operate, as well as the expectation for future profit growth and dividend payments. An investor can get this research information by reading research reports created by stock brokerage firms or by asking a stockbroker for guidance.
Anyone above the age of 18 may invest on the Ghana Stock Exchange. Such a person needs to be aware that investments on the Ghana Stock Exchange are long-term and subject to risk, particularly in the short term. Another requirement is having an investment goal and a timeline for when you plan to get your money back. The money needed for the venture itself is another prerequisite. Trust is something parents can invest in for their kids. Institutions may also invest their pension and provident funds on the Ghana Stock Exchange if the rules governing those funds enable such transactions.