Tom Minney

Capital raising

African Economic Outlook 2018 flagship report is released

“African economies have been resilient and gaining momentum. Real output growth is estimated to have increased 3.6% in 2017 and to accelerate to 4.1% in ...

Exchange news

Africa’s top stock exchange performance in 2017

Despite a great year on the main US markets in 2017, many African stock exchanges offered USD investors a higher return. Biggest gain in USD ...

Exchange news

Highest ranked African securities exchange websites

According to www.Alexa.com, in rankings today (9 Jan) the Nigerian Stock Exchange website was ranked #83,112 busiest website in the world ahead of the Egyptian ...

Capital raising

African issuers raise $1.4bn in IPO share offers in 2017

African share issuers have raised $1.4bn in 2017 through initial public offers (IPOs) of shares, compared to $1.2bn in 2016.

Exchange news

London Stock Exchange – blue blood in the City after shoot out

The Mexican standoff at the London Stock Exchange saw everyone getting hit, after CEO Xavier Rolet quit suddenly, cutting short a Dec 2018 transition. A ...

Capital raising

How big are African pension funds?

Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa's $124bn GEPF is the ...

Capital raising

African pensions and infrastructure investment – recent research

African pension fund regulators and PPP practitioners have much to learn from Latin American examples on how to let local funds invest into infrastructure, while ...

Capital raising

Innovative African IPO and listing successes show strong demand

A round-up of recent African IPOs and other listings, many over-subscribed, shows demand and innovation - Namibia scored its first SPAC and Mauritius listed ...

Capital raising

African IPO pipeline includes $3bn Vivo Energy

Investors have been snapping up Africa-focused IPOs of shares; future listings include a reported offer by Vivo Energy and AfriTin, Cytonn Investments and Hystead.

Exchange news

More hires at leading Africa and frontier investment bank Exotix Capital

Leading emerging and frontier markets investment bank and stockbroker Exotix Capital continues to add senior hires in key African markets, adding to the strengthening of ...

Capital raising

UK regulator accused of dropping standards to woo $2 trillion listing

Investor institutions are protesting moves by UK capital-markets regulator, Financial Conduct Authority, to alter listing standards to accommodate a potential $2 trillion listing of Aramco ...

Cote d’Ivoire

Egypt is Africa’s new #1 investment destination

Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number ...

Exchange news

Runaway gains continue as Zimbabwe Stock Exchange soars

Zimbabwe Stock exchange continues to soar, with gains of 9.3% yesterday (14 September) in its industrials index which closed at 379.95, up by 163% this ...

Ethiopia

Ethiopian Commodity Exchange (ECX) CEO resigns

The CEO of the Ethiopian Commodity Exchange (ECX), Ermias Eshetu, has tendered his resignation, according to a news report. He will stay until a successor ...

Ethiopia

Do African commodities exchanges achieve the desired results?

The Ethiopian Commodity Exchange (ECX) has received at least $29m in donor funding since 2008 but is it achieving its aims of transforming agriculture for ...

Exchange news

Strate’s CEO Monica Singer steps down to focus on blockchain

Monica Singer, former CEO of South African CSD Strate, left at the end of August 2017 after nearly 20 years. She will concentrate full time ...

Kenya

Kenya election results – early stockbroker comment

Hasnain Malik, Global Head of Equities Research at frontier markets investment bank Exotix Capital, comments: "Kenyatta's provisional win will soothe those investors who feared a ...

Capital raising

Vodacom Tanzania’s $213m IPO results due 7 August

Vodacom Tanzania's extended $213 million IPO closed 28 July and results are to be announced 7 August, with the listing on the Dar es Salaam ...

Exchange news

Nigerian Stock Exchange’s new Nasdaq market surveillance

The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.

Exchange news

South Africa’s securities exchange war goes to court

Court is the next battleground in a war between securities exchanges in South Africa. New exchange 4AX launched a High Court application to set aside ...