Tom Minney

Exchange news

Naspers gives Europe its biggest consumer tech listing

Naspers has pulled off a dramatic restructuring of its holdings to unlock value after the successful listing of Prosus on Euronext Amsterdam stock exchange and …

Exchange news

Executive pleads guilty as collapse of $14bn Abraaj hits PE flows into Africa

The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner …

Exchange news

Warning about “less orthodox” private equity debts

Private equity fund managers (general partners or GPs) are using money promised by investors (limited partners or LPs) as security to borrow from banks. The …

Exchange news

Nairobi opens second derivatives market in sub-Saharan Africa

The Nairobi Securities Exchange says the first trades on its new derivatives market NEXT went smoothly on 4 July, according to media reports. The NEXT …

Capital raising

Africa issuers raised $341m in 6 months, down 28%

Enterprises based in Africa raised $341 million through equity issues in the first half of 2019, down 28% on the $472m raised in the first …

Capital raising

Weak reception for Airtel Africa $750m IPO

Shares in Africa’s second biggest telecom company had a disappointing start in conditional trading on the London Stock Exchange today. The initial public offer had …

Events

Africa’s DFIs proud at banking awards gala

Two leading African development finance institutions led the pack at this week’s African Banker Awards. Bank of the Year 2019 goes to Afreximbank, making giant …

Capital raising

Bumpy ride when African tech unicorn Jumia comes to NYSE

Investors in Africa’s technology unicorn company Jumia have had a bucking bronco ride since it listed American Depository Receipts (ADRs, representing shares) on the New …

Capital raising

Airtel Africa confirms June $750m listing in London

Airtel Africa has confirmed that it is going ahead in June 2019 with its $750 million listing on the main market of the London Stock …

Events

African Banker Awards coming up 11 June 2019

The African Banker Awards 2019 are coming up next week during the African Development Bank annual meeting in Malabo, Equatorial Guinea. Dynamic banks are competing …

Capital raising

MTN Nigeria shares soaring after $5bn listing

Telecommunications firm MTN Nigeria has had strong days of trading since it joined the Nigerian Stock Exchange in a listing by introduction on 16 May. …

Cote d’Ivoire

Work starts on African exchanges linkage project

Africa’s stock exchanges, regulators, central banks, stockbrokers and clearing systems are working together on the African Exchanges Linkage Project (AELP), set to create trading and …

Capital raising

Guest post: Institutions funding infrastructure

By Gerald Gondo, Business Development Executive, RisCura Never before has the need for infrastructure felt so immediate and acute. This became apparent to me as …

Exchange news

Africa’s jumbo stock exchanges to link in 2019?

An ambitious project to link Africa’s 7 biggest securities exchanges is moving to implementation with a call this month for a project manager for the …

Exchange news

A2X exchange scores dual listing #17

Tharisa plc became the 17th company to list on South Africa’s A2X exchange in February. Kevin Brady, CEO of A2X, said in a press release: …

Capital raising

Ethiopia aims for stock exchange by 2020

Ethiopia has set itself a tight timetable for economic reform, including privatization of telecoms by the end of 2019 and a domestic stock exchange by …

Exchange news

International – new IPSX exchange opens property as global asset class

A new asset class has opened for investors as the International Property Securities Exchange in London prepares for its first initial public offer (IPO) in …

Other Countries

UK boosts African tax collection

“For every £1 spent on operating costs an additional £100 is returned in tax revenues” is the claim for results achieved on a programme to …

Capital raising

IPO report 2 – African companies raised $2.2bn in 2018

Africa-focused companies raised $2.17 billion via 18 share offers (IPO) and listings in 2018, but the number is down 25% from $2.89bn raised in 2017 …

Egypt

Africa’s eurobond outlook 2019

A good overview of Africa’s  $92bn eurobond market, with a summary of 2018 and 5 key themes for 2019, written by Gregory Smith, Director and …