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2005 Mid-Year Review of Africa's Stock Markets
Stock markets prolonged their 3 year bull run in the first half of this year thanks to ongoing political and economic reforms, a favourable external environment, strong commodity prices, relatively low interest rates and strong earnings performance by many listed companies.
Africa’s GDP in 2004 is estimated to have grown by 5.1% and a similar performance is expected this year.
African stock markets are outperforming other regions, with average gains in US$ of 13.3% against a global average of 5.9%.
The top five performing markets globally all come from Africa and include Egypt, Zambia and Uganda, where strong foreign investor interest buoyed the equities market.
Courtesy of Databank Group
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