It was recently announced that Nigeria’s slow economy is outdoing that of South Africa as South Africa’s continues to decline into a recession. Investors have reacted negatively at African capital markets since 2018. Overall, African equity capital market (ECM) activity in 2019 declined sharply from 2018, with 2019 posting the lowest proceeds raised in ten years. The significant slowdown in equity markets was largely driven by a series of macroeconomic factors including an ECM deceleration in global markets, investors’ caution in the period leading up to key elections, which took place in both Nigeria and South Africa in 2019, and more specifically in South Africa, the continued political gridlock and economic stagnation.
For the 10 years between 2010 and 2019, approximately 900 African Equity Capital Market transactions raised a total of $88 billion. The highest volume of transactions was recorded from year 2015 to 2017 while year 2012 recorded the lowest volume of transactions in 10 years.
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The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.