Tom Minney

Egypt

First Abu Dhabi Bank bids for $1.2bn EFG Hermes

First Abu Dhabi Bank (FAB) has launched a bid for Egypt’s biggest investment bank EFG Hermes that values it at EGP 18.5 bn ($1.18bn). EFG ...

NG Clearing launches central counterparty securities clearing
Exchange news

Nigeria central counterparty clearing for securities door to safer future

Nigeria has launched the first central counterparty (CCP) clearing system for securities trades in West Africa. This paves the way for exchange-traded derivatives. NG Clearing ...

Egypt

Clampdown on social media to manipulate share prices

Regulators are stepping in to help Egyptian securities investors deluged via social media with share tips and information that could be market manipulation. In the ...

Capital raising

MTN Uganda IPO doubles the Uganda Securities Exchange

CAPITAL-RAISING/ IPO NEWS – The Uganda Securities Exchange has more than doubled in size after the listing of telecommunications firm MTN Uganda on 6 December. ...

Exchange news

Will today’s launch of day trading transform Nairobi Securities Exchange?

Nairobi Securities Exchange launches day trading in shares today 22 November. The aim is to boost liquidity and trading activity on this leading African stock ...

Telco MTC Namibia lists shares on Namibia stock exchange after listing
Capital raising

MTC Namibia IPO results, listing on Namibian Stock Exchange 19 Nov

MTC Namibia to list on Namibian Stock Exchange on 19 Nov after successful share offer IPO of 299 million shares. Its Namibia's biggest share offer ...

Capital raising

Will 17 Nov Ghana budget unblock flow for SOE listings?

Would-be investors are waiting for news from the technical committee working to prepare Ghanaian State-owned enterprises (SOEs) for share sales of their shares on the ...

Capital raising

MTN’s $280m share offer to NGX investors

Telecoms firm MTN Group, based in South Africa has announced it will proceed with a public offer of up to 575 million shares in MTN ...

African Securities Exchanges Association conference, capital markets event
Events

Speaker lineup for the ASEA conference – online 24-25 November

Meet the speakers for the African Securities Exchange Association (ASEA) conference due on 24-25 November. To register, just click http://www.aseaconference.ma/ .

Egyptian Exchange EGX boosted by IPO share offer
Capital raising

Egypt’s $372m e-finance IPO may herald privatizations

E-Finance for Digital and Financial Investments, raised $372m in an oversubscribed IPO on the Egyptian Exchange (EGX). Does the biggest share offer in EGX history ...

Exchange news

Zimbabwe companies to demerge for growth

A top tea producer could be the prodigal son returning to the Zimbabwe Stock Exchange after 14 years, if shareholders in Meikles Limited give the ...

Exchange news

Zimbabwe exchange launches ZSE Direct trading

Thousands of Zimbabweans are using a digital trading platform ZSE Direct to buy and sell on the Zimbabwe Stock Exchange, and in the process boosting ...

Exchange news

Are foreign investors buying on Nairobi Securities Exchange?

Trading by foreign investors was picking up at Kenya’s Nairobi Securities Exchange last month, just as the NSE20 index of blue chip prices retreated. A ...

Stock Exchange of Mauritius automated trading system
Exchange news

Mauritius exchange new trading system goes live in Q1 2022

The Stock Exchange of Mauritius (SEM) aims to go live with a new Automated Trading System (ATS) by March 2022 after selecting South Africa’s Securities ...

NGX stock exchange shares soar after listing
Exchange news

NGX stock exchange soars after listing – on itself

Nigerian Exchange Group Plc has had an excellent start to trading its shares on its own securities exchange after listing by introduction on 15 October ...

Capital raising

Mobile phone towers valued at $7bn in New York

IHS Holding Ltd (ticker IHS:US), holding company of the biggest independent operator of mobile phone towers in Africa, scored a $7 billion valuation in its ...

Other news

Africa’s mobile economy in numbers

Here are some estimates of the growth potential of the mobile economy in sub-Saharan Africa, according to industry association GSMA. The GSMA report The Mobile ...

Funds

Sanlam and Absa to merge as ZAR 1trn fund manager

Absa Bank and Sanlam, both headquartered in South Africa, have announced plans to merge their investment management businesses. The merger could finalize in the first ...

Capital raising

MTN IPO to boost Uganda stock exchange

MTN Uganda is set to transform the Ugandan capital market with the biggest initial public offering (IPO) since the Uganda Securities Exchange was launched. It ...

Capital raising

MTC rings up Namibia’s biggest IPO, closing 1 Nov

IPO ALERT – Namibia is gearing up for its biggest initial public offering (IPO) when Government sells 49% of the leading telecommunications company MTC Namibia. ...