Tom Minney

Capital raising

Ethiopia plans more bonds for $4.7bn hydropower dam

Ethiopia has raised Birr 7 billion ($408 million) of debt to finance the $4.8 bn Grand Ethiopian Renaissance Dam on the Blue Nile River, and ...

Other Countries

Chinese hunt Africa mine bargains

FT Tilt highlights a swift move by state-backed Chinese company Minmetals Resources (MMR) to acquire upstream mining assets, offering $1.25bn for Toronto-listed Anvil Mining. It ...

Egypt

Silk Invest says Egypt elections will be turning point

Mark Voss of fund manager Silk Invest foresees a turning point for the Egyptian market in a recent note. He also notes growth in Tunisia, ...

Capital raising

Conference: African technology and innovation banking

Competitive African bank leaders are seizing opportunities of new technology to reach 250m unbanked families. Conference on emerging markets technology innovation and banking coming up ...

Capital raising

Bank of Kigali IPO lifts Rwanda Stock Exchange: 52% gain on first day

Interest in share offers is high on the Rwanda Stock Exchange, after shares of Bank of Kigali (BK) rose 52% to RWF190 in their first ...

Exchange news

Electronic trading and central securities depository coming for Zimbabwe?

A company has been engaged to switch the Zimbabwe Stock Exchange to electronic trading and Cabinet has discussed this and setting up a Central Securities ...

Funds

Emerging markets private equity soars, but little cash for Africa

Fund-raising for sub-Saharan African private equity funds was $1.056 billion in January to June 2011, down 5% from $1.11 bn in the first half of ...

Capital raising

Kenyan IPO only 60% subscribed but regional plans go ahead

Kenyan financial services firm British-American Investments Company Ltd. said on 23 August that its initial public offering (IPO) had only attracted 60.09% of the targeted ...

Capital raising

Casablanca Stock Exchange grants to encourage SMEs

Morocco’s Casablanca Stock Exchange is offering grants to small and medium enterprises to encourage them to raise capital. The first listing of 2011 was 8.7x ...

Capital raising

SANAD Fund to target SMEs in North Africa and Middle East

Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD ...

Capital raising

Tunis Stock Exchange seeks to support growth

The Bourse des Valeurs Mobilières de Tunis (BVMT - Tunis Stock Exchange), aims to support role in faster economic growth and has a 5-point development ...

Capital raising

Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing

The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air ...

Funds

Oppenheimer family and Temasek SWF launch African private equity fund

South Africa's E. Oppenheimer family and Singapore’s sovereign fund Temasek Holdings have set up a $300 million private equity fund called Tana Africa Capital to ...

Exchange news

JSE boosts net profit by 22% for first half

South Africa’s JSE Ltd reported a 22% increase in net profit after tax to R253.8 million for the 6 months to June, driven by a ...

Exchange news

Rencap appoints Yvonne Ike as new CEO West Africa

Leading emerging markets investment bank Renaissance Capital has appointed Yvonne Ike as its Chief Executive Officer, West Africa. She will be based in Lagos.

Capital raising

Berbera Port-China deal – change in the Horn?

Somaliland media sources and other rumours have suggested (12 Aug) that a deal on Somaliland’s Berbera port is imminent with China and Ethiopia.

Capital raising

Ethiopia to sell 18 more state-owned enterprises

Ethiopia’s Privatization and Public Enterprises Supervising Agency (PPESA) has privatised 287 enterprises since 1995, and plans to sell 18 companies in direct sales and 5 ...

Exchange news

South Africa’s Financial Markets Bill open for comment, due 2012

South Africa’s Government has released the Financial Markets Bill for public comment, with comments due by 5 September. The new law would replace the Securities ...

Exchange news

JSE sets new trading record – 230,797 trades on 10 August

South Africa’s Johannesburg Stock Exchange says that a record number of trades were executed on the exchange today (10 August). The new record is 230,797 ...

Exchange news

Nigeria’s Securities and Exchange Commission educates, partners Nollywood film

Nigerian regulator, the Securities & Exchange Commission, is travelling the country to build education and awareness. SEC Director General Arunma Oteh, SEC Commissioners and senior ...

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