Africa Eats (EATS), Ziweto (ZWTO), and Elite Meat (ELIT) were publicly listed on December 3rd. One month later… the price of all three companies shares are up from December, thanks to new investors buying shares through the stock market.
The liquidity of these shares is made possible by Tuesday Markets, the first equity market maker in Sub-Saharan Africa. Tuesday has an inventory of shares for sale and an inventory of cash to buy shares for sale.
Tuesday also has an app, to aid in buying and selling these shares, as American and European brokerages do not trade on the SEM, but what is most exciting to see barely one month after listing is that shares are trading without the use of that app.
Or in short, these are all signs that the capital markets are interested in fast-growing, profitable SMEs like the bizi, and in 2025 expect to see more listings of more bizi, much higher volumes of trades, and hopefully, continued increases of share prices as the quarterly and annual reports drop showing growing fundamentals at these companies.
