A first in Africa. We love firsts. Herewith the text from a news release from a company called ex-Africa released on Linkedin.
“Ex.Africa will launch an online stock exchange simulation game today called ‘Trading Safari’. The game is a showcase for the company’s technology, and an introduction to the type of services they plan to offer.”
View the article Here. The text appears below:-
Stock exchange trading simulators are nothing new , however Trading Safari is the first one we know of, that focuses entirely on African markets. The two markets that currently seem to be covered by the game are the Ghana and Mauritius Stock Exchanges. Ex.Africa promises that the game will be “open for all African exchanges and markets”.
The game is free and players participate in time-based tournaments in which they play against other registered users, or privately on their own. Tournaments start with an initial portfolio value of 10,000.00 play dollars, and from there on you buy and sell your way to success or ruin until the tournament is over. The tournaments take place in real time and that means that orders you place to buy or sell stocks take place during actual trading hours. Success is based on how well the stocks in your portfolio perform during the tournament’s time frame.
Ex.Africa touts Trading Safari as “a simple and fun way to gain knowledge of the different African stock markets” and is designed at “increasing awareness to the profit and investment potential of African stock markets.”
Amijai Saragovi, Ex.Africa’s CEO told The Wadi that the launch of Trading Safari is just one phase in the unravelling of the company’s offering, and although it might seam like a teaser now, aims squarely at the heart of Ex.Africa’s core competency.
I hope the game includes the following options in making investment decisions:-
- The financial results of companies NOT being available
- Companies not disclosing litigation
- CEOs having left but no-one is told
- Material information being released at different times to different players
- A few broking firms going bust – go back to START and do not collect 200