UK Pushes African Firms to Raise Money in London
- Over 100 African companies raised more than £17 billion on the LSE in the past decade.
- Africa Finance Corporation listed a $500 million eurobond in March.
- Guaranty Trust Holding Company raised $100 million in an IPO, becoming the first Nigerian bank to go public in London.
The U.K.'s proactive approach to attracting African companies to the LSE reflects a strategic recognition of the continent's growing economic potential. However, the competition from U.S. exchanges poses a significant challenge, and it will be crucial for London to continuously innovate and adapt its offerings to maintain its status as a preferred listing venue.
