Tom Minney

Capital raising

Tullow Oil listing to double value of shares on Ghana Stock Exchange

Tullow Oil plc is to start trading on the Ghana Stock Exchange on 27 July after allocating 3,531,546 ordinary shares of 10p each in a ...

Capital raising

British American Investment launches Kenya IPO

British American Investment Company (Kenya) Ltd launched its initial public offer (IPO) this week. It aims to raise KES 5.58 billion (US$62.2 million) for ...

Capital raising

Kenya’s Transcentury private equity firm to list on Nairobi SE

Kenyan private equity firm TransCentury is to list through introduction at the Nairobi Stock Exchange on 14 July at a price of KES50 (USD0.58) a ...

Exchange news

Stock Exchange of Mauritius aims to be global centre for listing funds

The dynamic Stock Exchange of Mauritius is pushing ahead with building itself as a secure base for international funding transactions and an African alternative to ...

Funds

Helios closed giant $900 mn African private equity fund

Pan-African private equity firm Helios Investment Partners announced that it had raised $900 million for its second Africa-focused private equity fund, and the fund was ...

Egypt

International lenders back Egypt debt, domestic yields climb

Egypt is chasing its short-term domestic market to fund ballooning Government deficits, but seems to be preparing for a new Eurobond issue to replace $1 ...

Egypt

Egypt travel ban lifted on PE firm Citadel Capital chairman

Leading African private equity firm Citadel Capital said that Egypt's public prosecutor has lifted a travel ban imposed in April on its chairman Ahmed Heikal, ...

Capital raising

Does China push out private equity in Africa?

Interesting article in today's FT Tilt on whether China's model of cheap loans backing Chinese construction squeezes out private equity. The author suggests there could ...

Nigeria

Rest in peace, Tayo Aderinokun

Commiserations on the passing of Tayo Aderinokun, CEO and MD of Nigeria’s Guaranty Trust Bank plc, who died from cancer in Paddington hospital, London on ...

Kenya

Indian telco to leave E African market – cites slow Govt approvals

Indian steel-to-outsourcing conglomerate Essar has cancelled deals to buy telecoms operators in Uganda and Congo and is to sell its Kenyan operations, under the Yu ...

Egypt

Revolution at Egyptian Exchange – innovations to boost liquidity

The Egyptian Exchange is to introduce new products and trading innovations, including remote orders placed abroad, exchange-traded funds (ETFs), intraday trades and short selling. Mohamed ...

Funds

New directions for giant CDC: targets poor with $3.1 bn

Giant UK development finance institution the CDC Group has announced a new business plan. Changes include direct investing rather than via funds, and focusing only ...

Exchange news

Wind of change blows world markets, African stock exchanges unruffled

I have the honour to be published on the opinions section of the Royal African Society website and the article can be seen along with ...

Exchange news

Paladin private equity lists education firm on AltX

South African private equity firm Paladin Capital has listed its 76% subsidiary Curro Holdings on the JSE’s AltX on 2 June. Curro, which offers private ...

Funds

African private equity deal-making soars: $1.8bn transactions by May

Private equity funds focusing on Africa are becoming more active and making more deals. At least 12 deals were closed in the first five months ...

Exchange news

Why African investors use Depositary Receipts?

Many foreign investors have investments in Africa but hold them in international custody in the form of Depositary Receipts, usually known as “American” (ADRs) if ...

Exchange news

London Stock Exchange scores on African listings

The London Stock Exchange has long been a global centre for capital, particularly where African investments are concerned. It is also the world centre for ...

Events

Private equity evening seminar in London

Top African private equity seminar in London coming up in the evening of 2 June. It is organized by the team at Private Equity Africa ...

Exchange news

JSE mixes exotic flavours in currency derivative trading

South Africa’s securities exchange, the JSE Ltd, is to launch a set of exotic currency products after demand from some South African banks. These derivatives ...

Capital raising

Rwanda’s bubbling brewer – profits soar 63%

Rwanda's biggest brewer, Brasseries et Limonaderies du Rwanda (BRALIRWA), says post-tax profit leapt by 62.8% in 2010, driven by increased sales, higher pricing and improved ...