<p class="MsoNormal">The Finance Magnates Africa Summit (FMAS:23) is coming soon, with the landmark event starting on May 8-10, 2023. Held at the luxurious Sandton Convention Centre in Johannesburg, South Africa, this is one event that leading IBs can’t afford to miss.</p><p class="MsoNormal">The forex and crypto market in Africa have been steadily growing over the past decade. With the increasing globalization of business and the expansion of the African middle class, there has been a growing swath of individuals with more income to use as investments. </p><p class="MsoNormal">This has coincided with African countries seeing an increase in the number of forex brokers and crypto trading platforms operating in the region. Overall, these trends have made it easier for individuals and businesses in Africa to access the global forex and crypto market.</p><p class="MsoNormal">IBs Finding Their Niche in Africa</p><p class="MsoNormal">FMAS:23 is the ideal forum for IBs to make their move, engage and network with brokers, and take their business to the next level. includes both IBs looking to expand their business, market footprint, and explore new verticals in Africa.</p><p class="MsoNormal">The event comes at the perfect time for the forex and crypto industry in Africa, given the interest and coalescence of the growing market in Africa. With so much of the industry looking to attract new business and traders, the decision to attend FMAS:23 this May is simple. </p><p class="MsoNormal">If you have not already done so, registration for FMAS:23 is now live and can be accessed via the <a href="https://events.financemagnates.com/fmas2023/register/" target="_blank" rel="follow">following link</a>.</p><p class="MsoNormal">2023 is already looking to be a giant leap forward for the online trading industry, especially in terms of forex and crypto capabilities in Africa. Given the excitement, potential, and opportunities inherent with a fresh untapped market, FMAS:23 will be providing a springboard of opportunities for leading who wish to network, engage, and conduct business.</p><p class="MsoNormal">FMAS:23 is structured to accommodate a diverse range of participants and attendees in Africa. Whether you are a newcomer to the trading scene or are an established IB or affiliate, FMAS:23 has something for everyone.</p><p class="MsoNormal">All attendees of the event can expect to take advantage interacting with the industry’s leading retail players, brokerages, brands, and of course the biggest names in the industry.</p><p class="MsoNormal"> Nowhere else do attendees have the opportunity to speak directly with so many leaders and traders in one place in Africa. Individuals can also expect to learn about and engage with the biggest brands from the forex and crypto space.</p><p class="MsoNormal">FMAS:23 will feature a total of 2.5 days of sessions, workshops, panels, discussions, and more, touching on every corner of the retail trading industry. A complete agenda will be rolled out in the next few weeks.</p><p class="MsoNormal">The agenda is <a href="https://www.financemagnates.com/fm-events/fmas23-explore-the-live-agenda/" target="_blank" rel="follow">already live</a> and available to be accessed via the following link. All prospective and current attendees are invited to <a href="https://events.financemagnates.com/fmas2023/contact-us/" target="_blank" rel="follow">join the conversation</a> surrounding FMAS:23!</p> This article was written by ForexLive at www.forexlive.com.

<p class="MsoNormal">One of the most well-known Chinese companies, Alibaba, is about to become six well-known Chinese companies. The e-commerce giant announced that it is going to split into six independent units soon – and its stock celebrated this fact with 14% growth. But when shares show this kind of moonshot, this poses the question – is it too late to buy them?</p><p class="MsoNormal">Alibaba enriched its market value by about $33 bln after investors got the news that the company would split into six separate firms with their own CEOs and boards. All the units will be responsible for different lines of business. So, meet the newbies – Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group, and Digital Media and Entertainment Group. Each one of these future companies is quite capable of becoming public at some time.</p><p class="MsoNormal">If you have Alibaba stock in your portfolio, you can probably look at the chart below till the crack of doom. Although, news and releases from companies are not the only things that influence the market. They can also be affected by various economic events planned well in advance. In order to stay on top of these events and make changes to your portfolio accordingly, you can utilize different trading tools, such as the <a href="https://www.tradingview.com/economic-calendar/" target="_blank" rel="follow">economic calendar</a> – it shows all the significant events that investors and traders need to know.</p><p class="MsoNormal">Not all details about <a href="https://www.investopedia.com/ask/answers/what-stock-split-why-do-stocks-split/" target="_blank" rel="follow">the future split</a> have been made clear so far, but many analysts believe that Alibaba papers hold promise. There are two key factors. Firstly, experts believe that shares may be undervalued now, and the reorganization will help to re-evaluate every company separately, in a meaningful way.</p><p class="MsoNormal">Moreover, comparatively small companies are likely to be more flexible and will be able to react more quickly to the market, economic, and regulatory changes. </p><p class="MsoNormal">Another factor is China's regulatory policy. In the past few years, large Chinese companies have been under pressure. Large-scale and long-term inspections have severely besieged the shares of Alibaba, as well as the rest of the Chinese stock market. But there is hope that this period is coming to an end, taking with it the Covid-19 restrictions.</p><p class="MsoNormal">Even after an explosive 14% increase, analysts have outlined an impressive target price for <a href="https://www.tradingview.com/symbols/NYSE-BABA/" target="_blank" rel="follow">Alibaba stock</a>. The consensus forecast is +45% over the next 12 months. </p><p class="MsoNormal">But don't forget that markets change every week, day, and hour. That's why you need to do your own research before every trade. That's the key to success.</p> This article was written by ForexLive at www.forexlive.com.