Tom Minney

Capital raising

Rwanda Government to raise $42 mn by selling shares in Bank of Kigali and MTN

The Rwandan Government plans to raise Rwf25 billion ($42.2 million) through the sale of its shares in Bank of Kigali Ltd and telecom company MTN ...

Exchange news

Nigerian bank’s $0.5 bn high yield eurobond

Nigeria’s Guaranty Trust Bank is coming to the market with a $500 million Eurobond, which may roll out into a $2 billion offering. The bank ...

Other Countries

Senegal bond ratings comparisons with similar maturity bonds

Senegal bond compared to other African bonds and emerging markets bonds.

Other Countries

Senegal’s $500m Eurobond offers good yield

Senegal has successfully re-priced its yield curve by issuing a more liquid 10-year $500 million Eurobond carrying a coupon of 8.75%. The bond was priced ...

Cote d’Ivoire

BRVM bourse comes home from 16 May

West Africa’s Bourse Regionale des Valeurs Mobilieres BRVM regional stock exchange is to move trading operations back to Cote d'Ivoire next Monday (16 May), after ...

Exchange news

Nigerian pensions reach $12.8 bn

The National Pension Commission of Nigeria regulates over N2 trillion ($12.8 billion) in assets under management. This has been accumulated from 4.7 million people who ...

Other Countries

Afreximbank has $100 mln to boost Zimbabwe businesses

The African Export-Import Bank has created a US$100 million facility to recapitalise Zimbabwean companies. Four local institutions are ready to disburse $70 mn.

Exchange news

Nairobi Stock Exchange and FTSE work on new market indices

The Nairobi Stock Exchange and FTSE International are to create new FTSE/NSE share and bond indices. These could be marketed to international investors.

Capital raising

Ernst & Young forecasts $150 bn of FDI investment by 2015, good growth

Strong growth in new projects into Africa is expected from 2012 with foreign direct investment (FDI) inflows forecast to reach US$150 billion by 2015, says ...

Other news

High-flying Diana is new Standard Chartered CEO for Africa

Standard Chartered has appointed pilot Diana Layfield as Regional Chief Executive Officer, Africa, from 22 June. The bank has operated in Africa for over 147 ...

Funds

Kingdom Zephyr expands into Nigeria

Leading Africa private equity firm Kingdom Zephyr Africa Management Company announced the opening of its new office in Lagos, Nigeria. It has $615 million under ...

Other Countries

Vital impact PE fund raises $250 m and invests in Angolan housing

A private equity fund that does "impact investing" in housing, agriculture, education and health says it has raised more than $250 million for its first ...

Funds

Funds flows into African private equity – $1.5bn in 2010

Funds inflows into private equity in sub-Saharan Africa including South Africa (SSA) were $156 million in the first quarter of 2011, according to research by ...

Funds

ECP announces new CIO for giant African private equity fund

Pan-African private equity specialist Emerging Capital Partners today announced that Andrew Brown is appointed Chief Investment Officer (CIO) in a new position. He will join ...

Funds

Africa climbs as attractive private equity destination, survey

Africa is soaring in its attractiveness to global private equity investors. Over the next 2 years, nearly 30% of global LPs plan to expand PE ...

Exchange news

Ethiopia aims for IFRS for medium and large enterprises

A panel is working on a proposed bill, the “Financial Report Proclamation of Ethiopia”, which could bring fundamental changes to Ethiopia's financial reporting system by ...

Exchange news

Regulators seek to build capacity in African markets

African capital markets require more capacity-building. The recent conference of the International Organisation of Securities Commissions (IOSCO) resolved to give support to help markets develop ...

Exchange news

Nigerian SE: CEO Onyema in full charge

The new Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema, had taken up office on 4 April, but the SEC had asked for ...

Exchange news

East Africa monetary union by 2012?

The East African Monetary Union is supposed to be effective from 2012. Senior officials including central bank governors, capital markets authorities, insurance and pensions regulatory ...

Funds

Mobius blogs on why he likes Africa

From the blog of Mark Mobius of Templeton Investments: "While Africa does have challenges, I am encouraged by another side of Africa that is gradually ...