Bamboo, Africa’s main on-line brokerage agency, has introduced its official launch in Ghana. Greater than 50,000 folks have signed up on the waitlist to obtain the Bamboo app. Bamboo is the primary retail brokerage app to launch within the nation and is providing Ghanaians easy accessibility to U.S. shares.
Earlier this month, Bamboo obtained a No Objection Letter from Ghana’s Securities and Trade Fee (SEC) for its operations. The corporate plans to work carefully with the SEC on an ongoing foundation to develop regulation for the retail funding trade. Bamboo has partnered with licensed Ghanaian agency, tenth Capital Investments. By way of Bamboo’s U.S. digital investing accomplice, DriveWealth LLC, all Bamboo accounts are insured as much as $500,000 through the US Securities Investor Safety Company (SIPC).
Bamboo is on a mission to make investing in all kinds of asset courses accessible to all Africans. The Bamboo app has distinctive instruments that assist customers decide shares and ETFs to satisfy their funding objectives:
- Inventory web page with real-time worth alerts
- Inventory comparability web page
- Worth motion notifications
- Watch listing monitoring inventory efficiency
Bamboo presents a variety of premium investing content material and schooling instruments tailor-made to customers who’re new to investing in U.S. shares:
- Inventory Market Course: an easy-to-understand 19-episode video sequence that offers the fundamentals on investing in U.S. equities
- Bamboo Bootcamp: the largest funding occasion in West Africa with over 14,000 registered attendees
- Bamboo publication and webinars
- Free premium content material at Motley Idiot and mywallst.com
“We consider strongly that each one Africans ought to earn a return on their investments and construct intergenerational wealth. That’s why we created Bamboo: we wished to create a straightforward and safe manner for on a regular basis Africans to spend money on the U.S. inventory market, and ultimately, in all kinds of asset courses,” mentioned Richmond Bassey, Bamboo CEO and co-founder.
“We’re thrilled to work with Bamboo to deliver Ghanaians the chance to spend money on the U.S. and ultimately the native inventory market. Their impeccable monitor file in Nigeria, stellar product and academic instruments make them a super collaborator,” mentioned Albert Asiamah, tenth Capital Investments COO.
“Along with Bamboo, we’ve been in a position to present buyers throughout Africa with inexpensive entry to the U.S. markets. At the moment, we’re thrilled to increase that very same entry to the folks of Ghana,” mentioned John Shammas, Head of Technical Gross sales at DriveWealth.
“As we proceed our worldwide growth, we stay up for empowering extra prospects with the instruments they should enhance their monetary wellbeing and interact with the markets.“