Tom Minney

Exchange news

Uganda Securities Exchange extends trading to 5 days

The Uganda Securities Exchange has today (7 March) extended its trading to 5 days a week, up from 3 days. USE Chief Executive Joseph Kitamirike ...

Exchange news

Fitch gives Zambia B+, clears path for Eurobond

Fitch Ratings agency has given Zambia a “B+” rating on long-term foreign and local currency, with a stable outlook, which could pave the way for ...

Funds

Alternative investor Brait to raise R6 bn and looks to long-term

South Africa’s largest private equity company is transforming itself into a long-term investment holding company and aims to raise ZAR 6 billion ($857.7 million), according ...

Egypt

Investors worry as Egyptian Exchange again delays reopening

Investor confidence in Egypt is likely to be further undermined after officials again delayed the reopening of the Egyptian Exchange from today (1 March). It ...

Capital raising

Listing of Tunisie Telecom cancelled

Tunisie Telecom has cancelled plans for a joint initial public offering on the Paris and Tunis stock exchanges after consultations with trade unions following several ...

Egypt

Egyptian Exchange to start trading tomorrow (1 Mar)

The Egyptian Exchange is set to reopen tomorrow (1 March) after it closed on 27 Jan. in the popular uprising that saw President Hosni Mubarak ...

Exchange news

Stock exchange merger trend will end with “three, four” global exchanges

The world is moving into fast consolidation of stock exchanges through mergers and acquisitions among the world’s giant exchanges. London Stock Exchange chief executive Xavier ...

Funds

Private equity firms invest $79 mn in telecoms towers

Leading international private equity firms are investing $79 million to build and acquire mobile phone towers in sub-Saharan Africa. Investec Asset Management, the International Finance ...

Egypt

Private equity firm sees “compelling opportunities” in Egypt and beyond

A leading African private equity firm, Citadel Capital based in Cairo, says change in Egypt brings “very compelling opportunities for long-term private equity investors in ...

Egypt

Egyptian Exchange again delays reopening

The Egyptian Exchange has again postponed its reopening and says it will only open when the strike-hit banking system gets back to normal. Dates mentioned ...

Exchange news

London and Johannesburg stock exchanges migrate to Millennium Exchange system

The main trading platform of the London Stock Exchange was successfully switched from the previous system yesterday (14 Feb) to the Millennium Exchange computer system. ...

Capital raising

Rwanda Stock Exchange opens with brewery IPO

Africa’s newest stock exchange is the Rwanda Stock Exchange (RSE), launched on 31 Jan to start trading the shares of brewer Brasseries et Limonaderies du ...

Egypt

Egyptian stock exchange delays reopening to 16 Feb

The Egyptian Exchange has postponed its reopening until Wednesday 16 February. The stock exchange closed on 27 Jan after the main EGX 30 Index fell ...

Egypt

Investors optimistic about change in Egypt

Bulls seem to be waiting for a positive outcome from widespread pro-democracy unrest in Egypt, one of Africa’s biggest stock markets and prices have climbed ...

Cote d’Ivoire

Cote d’Ivoire defaults on $2.3bn Eurobonds

Cote d’Ivoire has formally reneged on $2.3 billion of Eurobonds, becoming the first nation to default since Jamaica in January 2010. The default comes after ...

Exchange news

Singapore Exchange’s global strategy – world’s fastest trading system

Singapore Exchange Ltd (SGX) is planning to install what it says will be the world’s fastest trading system, reports the Wall Street Journal. The move ...

Exchange news

JSE reports 12% jump in commodity derivatives trades in 2010

South Africa’s JSE Ltd traded 2.1 million commodity derivative contracts in 2010, up 12% on the previous year but still below the record 2.5 mn ...

Exchange news

Zimbabwe launches COMEZ Commodities Exchange

The new Commodities Exchange of Zimbabwe (COMEZ) opened on 14 January, but no date is set to start trading. The exchange would be managed by ...

Exchange news

Nigerian Stock Exchange asks stockbrokers to recapitalize

The Nigerian Stock Exchange is warning stockbrokers that they must meet capital adequacy requirements. Dealing members and stockbroking firms require a capital base of N1.5 ...

Nigeria

Nigerian Stock Exchange Annual Review 2010

The Nigerian Stock Exchange reported on 19 January that a total volume of 93.3 billion shares valued at N797.6 billion (3.2% of gross domestic product) ...