Tom Minney

Exchange news

Zimbabwe stock exchange moving to electronic trading and CSD

Electronic trading is coming to Zimbabwe Stock Exchange under a contract with InfoTech Group, and Chengetedzai Depository Company Ltd says 3 listed companies will be ...

Egypt

Nigerian and African economies.. after the rebasing

Charts circulated by Reuters show the rebased Nigerian economy as biggest in Africa, followed by sluggish South Africa, Egypt, Algeria, Angola and Morocco. They also ...

Exchange news

JSE seminar on African capital markets development

The Johannesburg Stock Exchange will host the 3rd Building African Financial Markets capacity-building seminar, in Johannesburg from 10-12 September.

Capital raising

Rwanda to fund airport and power with $1bn Eurobond in 2015

Rwanda plans to return to Eurobond markets in 2015 and raise up to $1 billion for infrastructure, including an airport and power plants.

Overview of men and women at trading desks. Egyptian Exchange EGX boosted by IPO share offer
Capital raising

9 African IPOs in first half of 2014 raise $808m, passing all 2013

Initial public offers (IPOs) on African stock exchanges for the first half of 2014 has raised capital totalling $808.5 million, compared to a total of ...

Capital raising

Nairobi Securities Exchange IPO closes 12 Aug

The Initial Public Offering (IPO) of the Nairobi Securities Exchange Limited is open until 12 August. The NSE is seeking to raise KES 627 million ...

Funds

Abraaj makes its first private-equity exit in Angola

Private-equity investor The Abraaj Group made its first exit in Angola, exiting its investment in Fibrex which manufactures high-density polyethylene (HDPE) and other low-pressure plastic ...

Other news

Visa helps towards remittance target cost of 5%

On average Africans paying up to 12.4% ($25) to send $200 home, twice the global average. The fees cost Africans an estimated $1.8 billion a ...

Exchange news

Steps to build the Nigerian debt capital markets

Top panel gives steps to deepen the Nigerian debt capital market at London's ADCM 2014 conference including Nigerian Mortgage Refinancing Company and Nigerian Credit Enhancement ...

Exchange news

Dar es Salaam Stock Exchange: 8 weeks to launch new African trading system and CSD

After a high-speed 8 weeks installation, Dar es Salaam Stock Exchange (DSE) successfully “went live” on 27 June with an integrated trading system and clearing ...

Capital raising

Kenya pledges lower domestic rates after $8.8bn bids for its $2bn Eurobonds

Global investors offered a record $8.8bn and Kenya issued $0.5bn in a 5-year Eurobond at 5.875% and $1.5bn of a 10-year Eurobond at 6.875%.

Capital raising

Africa’s leading bond and debt summit

Top speakers including Government leaders, policy-makers, bankers, investors and experts will debate the future of Africa’s debt capital markets on Monday 30 June at the ...

Other news

Britain raises £200m through sale of Islamic sukuk bond

Britain attracted £2.3bn in orders when it became the first western country to issue an Islamic sharia-compliant bond. It issued a £200m 5-year bond that ...

Funds

Women scoop African Banker Awards 2014

Women triumphed at African Banker Awards 2014, winning 3 top awards including Vivienne Yeda as African Banker of the Year. GT Bank is African Bank ...

Exchange news

Commodity exchange builder teams up with pan-African bank

A dynamic African builder of turnkey commodity exchanges, eleni LLC, has teamed up with pan-African Ecobank to accelerate development of African agriculture.

Capital raising

Nairobi Securities Exchange plans to offer 38% of shares in June IPO

The Nairobi Securities Exchange is pushing ahead fast with its demutualization plans and will sell up to a 38% stake in an initial public offering ...

Capital raising

Ethiopia gets credit ratings from S&P and Fitch, plans Eurobond

Ethiopia, Africa’s fifth biggest economy, is thinking of a debut Eurobond, after it received its first international credit ratings on 9 May: it got B ...

Other news

China’s premier opens new chapter in China-Africa relations?

Does Chinese premier Li Keqiang’s triumphant 4-nation tour of Africa, including today's address to WEF, herald a shift in China’s role with less focus on ...

Capital raising

Top legal conference focuses on Africa infrastructure and natural resources deals

International Financial Law Review (IFLR) Africa Forum on 20 May to focus on innovative financing and M&A for resource and infrastructure investment.

Capital raising

Nairobi Securities Exchange scores megaprofits and heads for own IPO and listing

The Nairobi Securities Exchange passed key resolutions to take its demutualization into final stages, after scoring record profits for the financial year to 31 Dec ...