| SME BOURSE |
COUNTRY |
TARGET |
| Botswana |
BSE Venture Capital Market |
Dedicated to startup ventures |
| Egypt |
Nile Stock exchange (NILEX) |
Growing SMEs in the Middle East and North Africa |
| Ghana |
Ghana Alternative Market (GAX) |
Start-ups and existing enterprises |
| Kenya |
Growth Enterprise Market Segment (GEMS) |
Divided into the Main and Alternative Investment Segments, accommodating SMEs with revenue of up to 500,000 Kenyan shillings and fewer than 10 employees and those with revenue between Ksh 500,000 and Ksh10 million and 10 to 50 employees |
| Malawi |
MSE AltX |
Smaller, younger limited liability companies |
| Mauritius |
Development & Enterprise Market (SEMDEM), |
SMEs and newly set-up companies with a sound business plan and demonstrated good growth potential |
| Morocco |
Casablanca Stock Exchange (BVC) |
Local and West African SMEs can list on the main bourse, BVC |
| Nigeria |
Alternative Securities Market (ASeM |
Specifically designed for emerging businesses |
| Rwanda |
Rwanda Stock Exchange (RSE) |
Waives capital requirements for SMEs wishing to list on the main bourse. RSE. SMEs simply required to make disclosures in a prospectus |
| South Africa |
AltX |
Africa’s first alternative stock exchange for SMEs |
| Tanzania |
Enterprise Growth Market (EGM) |
A nine-month public awareness campaign began in September to entice SMEs to the EGM. Few companies, mainly in telecoms and banking, have shown interest to date |
| Tunisia |
Tunis Stock Exchange Alternative Market |
Efforts are under way to address obstacles preventing SMEs from listing on the Alternative Market |
| Uganda |
Growth Enterprise Market Segment (GEMS) |
More suitable for SMEs than the unsuccessful Alternative Investment Market Segment (AIMS) |
| Zambia |
Lusaka Stock Exchange (LuSE) |
A SME tier exists on the main bourse |
| Zimbabwe |
Zimbabwe Stock Exchange (ZSE) currently is working on operating rules for a secondary SME bourse |
