Tom Minney

Exchange news

Nairobi securities exchange prepares for derivatives market launch

The Nairobi Securities Exchange is working to launch a derivatives market, including product and contract specifications, and public education, following the news on 19 Dec ...

Capital raising

Demand soars for Ethiopia’s debut $1bn Eurobond, yields 6.625%

Ethiopia saw soaring demand yesterday (4 Dec) for its debut $1bn Eurobond, after a quick US roadshow. Total demand was $2.6bn and the yield on ...

Capital raising

$1.4bn petroleum pipeline proposed for Ethiopia

Private companies have proposed to the Ethiopian and Djibouti governments a $1.4 billion pipeline to bring petroleum to a distribution centre in Awash, Ethiopia. It ...

Exchange news

4 priorities from new head of African stock exchanges

The new President of the African Securities Exchanges Association (ASEA) put forward 4 strategic objectives for the member bourses. Oscar Onyema, CEO of the Nigerian ...

Capital raising

9 reasons Africa tops investment agendas

9 reasons Africa tops investors' agenda, Eddy Njoroge told African Securities Exchanges Association, include: economy to rise from $1.1trn to $3.9trn in 5 years, the ...

Burundi to use LSEG technology to power its financial market. Photo shows aerial view of London square with London Stock Exchange building on the right
Exchange news

Nigerian Stock Exchange signs links to London SE Group

The Nigerian Stock Exchange signed a capital markets agreement with the London Stock Exchange Group (LSEG) to support African companies seeking dual listings in London ...

Exchange news

London Stock Exchange offering to Africa

According to London Stock Exchange, there are 115 listings of companies focused on sub-Saharan African markets including 26 on the Main Market and 84 on ...

Capital raising

Ethiopia’s $865m rail finance part of $15bn rail projects

The Ethiopian Government recently closed a $865m financing package to fund part of the development of the country's giant new railway infrastructure, with 5,060km of ...

Capital raising

Tanzania’s $10bn China-funded port will start in 2015

China is to build a huge new port and special economic zone in Tanzania worth at least $10 billion. Construction is due to start on ...

Exchange news

Johannesburg Stock Exchange scores record with 395,969 equity trades in one day

The Johannesburg Stock Exchange equity market scored a record number of 395,969 securities trades on 16 October. The total value was just over R24.6 billion ...

Front of building which houses stock exchange. Article is about T+2 clearing and settlement
Capital raising

Total Senegal offers shares in IPO until 7 Nov for BRVM listing

Oil products company Total Senegal has an initial public offer (IPO) of shares open until 7 Nov, offering 8.9% of the company in an IPO ...

Exchange news

Nairobi SE appoints Andrew Wachira as acting CEO

The Board of Directors of the Nairobi Securities Exchange appointed Andrew Wachira as the Acting CEO of the exchange, effective from 1 Oct 2014. Peter ...

Exchange news

Nairobi SE trades bonds on new automated trading system

The Nairobi Securities Exchange went live trading government and corporate bonds on an automated trading system, marking another step into Africa for South Africa’s financial ...

Events

Top private equity conference bring industry leaders together

SuperReturn Africa, the leading African private equity conference, returns Dec 2014, bringing together more than 500 equity professionals, 150 of the most powerful private-equity practitioners ...

Capital raising

Ethiopia to ring in new year with Eurobond

Ethiopia’s Finance Minister is meeting international banks Barclays, Citi and BNP Paribas about a planned Eurobond issue for late December 2014 or January 2015. The ...

Exchange news

JSE launches futures trading for 3 African currencies

South Africa’s JSE launches 3 new currency future instruments which are the first to track exchange rate between the rand (ZAR) and Nigeria’s Naira (NGN), ...

Exchange news

Direct market access links West Africa securities exchanges

The framework for linking West African securities exchanges starts with direct market access (DMA). A stockbroker on one West African exchange can transact on the ...

Exchange news

JSE and ASEA host African exchanges for capacity-building

The Johannesburg Stock Exchange (JSE) and the African Securities Exchanges Association (ASEA), supported by the World Bank Group, are hosting the third Building African Financial ...

Exchange news

Nairobi Securities Exchange CEO Peter Mwangi moves to Old Mutual Kenya

The well-respected CEO of the Nairobi Securities Exchange, Peter Mwangi, is to take up a new job as Group CEO at insurance company Old Mutual ...

Capital raising

Ethiopia lures manufacturing with cheap power and labour costs a tenth of China’s

Low-cost manufacturing is shifting from China to Ethiopia, lured by cheap electricity and labour costs that are a tenth of China's. Ethiopia is building a ...