Markets
Watches prices across African exchanges and checks them against a second source.
The AI analyst for frontier & emerging equities
Your edge lives where the data runs out.
Onyx finds, reads and checks what conventional platforms miss on frontier stock exchanges — so your team reaches conviction first, and can always show why.
Built on working investment desks in Africa’s listed markets
- Casablanca
- Abidjan
- Lagos
- Cairo
- Johannesburg
- Nairobi
- Port Louis
The opportunity
The most mispriced stocks trade where research is hardest.
Frontier exchanges list real, growing businesses that most investors can’t see clearly. The information exists — in exchange bulletins, scanned annual reports and central-bank websites. It just isn’t in your terminal. The teams that can reach it, read it and trust it see the opportunity first.
BeforeWith Onyx
Days chasing PDFs and exchange portalsSources gathered and read for you, every morning
Retyping figures into spreadsheetsNumbers pulled out and linked to the page they came from
Filings in French and Portuguese left for laterRead in the original, briefed in English
Hoping the number is rightChecked against a second source — and flagged when it can't be
Research that leaves when the analyst doesA memory the whole firm builds on
Platform
One analyst. Every market you cover.
- 01
Days of research, done before you sit down
Ask about a stock or a market. Onyx gathers the sources, reads the filings, builds the model and comes back with a view — and a position size that fits a market where liquidity is thin.
- Company memos and investment cases
- Financial models with scenarios
- A size that respects liquidity
- 02
Reach what other platforms can't
Exchange bulletins, central-bank releases, scanned annual reports, French and Portuguese news. Onyx goes to where the information is actually published — and keeps a copy of what it read.
- Read in the original, summarised in English
- Prices checked against a second source
- Your CRM and inbox in the same place
- 03
Knowledge that stays with the firm
Every company, person, figure and thesis lives in one shared memory. Research stops living in one analyst's head and starts compounding — for every deal, every year.
- Every figure linked to its page
- Conflicting sources become open questions
- See who in your firm knows whom
- 04
Confidence your committee can sign
Recommendations pass fixed pre-trade checks before anyone sees a button, and every decision that matters is signed off by a person. Months later, you can replay exactly why.
- Confidential information never drives a trade
- Committee approvals need a second signer
- Every decision replayable, step by step
Research agents
A research team that works while you sleep.
Behind every answer is a team of specialist agents — each with one job, all working together overnight. You walk in to a morning brief: what moved, what changed, and what needs you.
Filings
Reads annual reports, results and data rooms, and pulls out the numbers that matter.
Models
Builds the model in a familiar spreadsheet and runs the scenarios — the maths done by a calculator, not guessed.
Macro & politics
Tracks rates, inflation, currencies and politics, and sizes more carefully when risk rises.
News
Follows local news in several languages and surfaces what moves your names.
Private deals
When you go private, turns a founder's data room into key figures, open questions and a first-draft case.
Show your work
An AI analyst you can actually check.
- Every number links to its page
- Click any figure and see the document — and the page, sheet or slide — it came from.
- Honest about what it couldn’t find
- When a source can’t be reached, Onyx tells you. It never quietly fills the gap with a blank or a guess.
- The original, kept
- Every source is saved as it was when Onyx read it, so a decision can always be checked against the original.
- Replay any decision
- Months later, walk back through what was read, what was modelled and who signed off — in order.
Markets
Made for listed frontier markets. Ready when you go private.
Public frontier equities are where Onyx is sharpest — it was built to run a listed book. The same analyst carries straight into private deals, so one platform follows a company from its data room to its listing.
Where Onyx leads
Listed frontier equities
- Every exchange read at the source, on its own trading calendar
- Prices checked against a second source before anyone relies on them
- Position sizes that respect thin liquidity and concentration
- Price history adjusted for splits and dividends before it reaches a model
- Currency, macro and political risk that tighten limits when they rise
- Local news in local languages, briefed in English every morning
Also built in
Private companies
- Secure upload links for founders
- Data rooms read into key figures and open questions
- Investment cases from first look to committee
- Rounds, cap tables and valuations
Who it’s for
Built for investors who go where others don’t.
Frontier & emerging equity funds
Cover more names across more exchanges without adding headcount, and walk into every morning already briefed.
Global EM managers
Go beyond the index heavyweights into the markets your terminal covers thinly — with research you can defend.
Family offices & allocators
Get institutional-quality research on frontier stocks without building an institutional research team.
Development finance
Bring rigour, ESG screening and an auditable record to listed and private investments alike.
Built on real desks
Made by investors, for investors.
“We built Onyx because the research we needed didn’t exist in any terminal. Now it runs our desks every morning.”
Onyx was built inside an investment firm covering Africa’s public and private markets, and its habits came from those desks: show the source, say what’s missing, let a person decide.
We onboard alongside your team — your companies, your sources and your mandate set up with you, and your compliance rules in place before anything reaches a trade.
Talk to the teamCoverage
Built in Africa. Made for every frontier.
Onyx starts where it was built: the stock exchanges from Lagos to Nairobi, Casablanca to Johannesburg. The same approach takes it to whichever frontier your mandate reaches next.
- Nigerian ExchangeLagos
- Johannesburg Stock ExchangeJohannesburg
- Nairobi Securities ExchangeNairobi
- The Egyptian ExchangeCairo
- Bourse de CasablancaCasablanca
- BRVMAbidjan
- Ghana Stock ExchangeAccra
- Botswana Stock ExchangeGaborone
- Stock Exchange of MauritiusPort Louis
- Victoria Falls Stock ExchangeVictoria Falls
- Dar es Salaam Stock ExchangeDar es Salaam
- Uganda Securities ExchangeKampala
- Lusaka Securities ExchangeLusaka
- Rwanda Stock ExchangeKigali
- Malawi Stock ExchangeBlantyre
Trust
Institutional-grade from day one.
The rules that matter are built into the system, not left to the AI’s judgement. Onyx does the research and the record-keeping. Your team makes the decisions.
- Fund-level separation
- Tamper-evident audit trail
- Human sign-off
- Decision replay
- Information barriers
- Sources preserved
Your data stays yours
Each firm's research is walled off from everyone else's, at the deepest layer of the system.
Information barriers
Confidential material never supports a public-market trade. A data room only informs its own deal.
A permanent record
Every action lands in an audit trail that can't be edited or deleted.
People decide
Trades, models and compliance calls need a person's sign-off. Onyx recommends; it never signs.
Know which AI said what
Every recommendation records which AI model and which instructions produced it.
Safe with the open web
Web pages, PDFs and emails are treated as information — never as instructions.
Request a demo
Find the edge others can’t reach.
Bring a stock you know well. We’ll show you what Onyx finds.
Request demo