February 14, 2011

Capital raising

Rwanda Stock Exchange opens with brewery IPO

Africa’s newest stock exchange is the Rwanda Stock Exchange (RSE), launched on 31 Jan to start trading the shares of brewer Brasseries et Limonaderies du Rwanda BRALIRWA. The exchange replaces the Rwanda-Over-The-Counter (OTC) market which has operated since 31 Jan 2008.

Egypt

Egyptian stock exchange delays reopening to 16 Feb

The Egyptian Exchange has postponed its reopening until Wednesday 16 February. The stock exchange closed on 27 Jan after the main EGX 30 Index fell 16% in a week, and was due to open again 13 Feb. Talks continue with regulators, stockbrokers and the Misr for Central Clearing, Depository and Registry.