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Investors will gain exposure to shares listed on the Johannesburg, Kenyan and Nigerian stock exchanges once the three major markets cross list equities, commodities and bonds through exchange traded funds. The move will lead to improved liquidity on the Africa's exchanges.
A strong year is expected for equity capital markets in Africa following the highest level of activity in 2014 in five years. In total, $11-billion was raised in initial public offerings and further offers in the year, and 24 African IPO companies were listed.