Stock market participation in Africa remains extremely low. A report published in Nigeria by Nairametrics some months ago indicated that there are about 5 (five) million accounts with the Central Securities Clearing System (CSCS) in Nigeria, of which only about 100,000 are active. This means that less than 2% of Nigerians have CSCS accounts at all, and only about 0.05% of the population is actively participating in the Nigerian stock market. Of course, the picture is similar across most African countries.
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