Tom Minney

Other news

Robin Hood tax on financial transactions proposed for fight against AIDS

Activists are calling for a tax of 0.005% on all financial transactions worldwide, to raise some $33 billion dollars per year for development and particularly ...

Exchange news

Zimbabwe Stock Exchange fails to attract investors

"Currently our capitalisation is just above US$3 billion and is falling, but if we attract big companies to list, especially in the mining and banking ...

Funds

Changing perceptions mean $1.3 bn allocated to Africa

Africa regional funds attracted $484 million inflows in the first half of 2010, says EPFR Global, and total investment fund allocation to Africa was a ...

Egypt

Citadel Capital announces cement deals in Sudan and Egypt

Leading African private equity house Citadel Capital has this week announced 2 cement deals. Citadel was recently named “African Business of the Year” at a ...

Exchange news

NASDAQ Dubai outsources equities trading and settlement to Dubai Financial Markets

From when trading started at 10am last Sunday, 11 July, NASDAQ Dubai is routing listed equities trades through the trading platform of Dubai Financial Market. ...

Capital raising

Jacana makes first investment, into Kenya’s InReturn Capital

A UK-based investment and advisory firm concentrating on African venture capital managers has announced its first investment. Jacana Venture Partnership on 29 June announced that ...

Egypt

PE firm Citadel Capital wins “African Business” title

Private equity firm Citadel Capital, with $8.3 billion in investments, has won the title of “African Business of the Year” at a gala awards ceremony ...

Exchange news

Rwanda continues to ready for BRALIRWA public offer

Preparations continue in Rwanda for the listing of BRALIRWA. It will be the first Initial Public Offer on the Rwanda Over-The-Counter stock market

Kenya

Kenya’s 25-bond bond is 3 times oversubscribed

Kenya’s Government has successfully issued a 25-year bond, which sets a marker for the capital market, points the way for other African markets to follow, ...

Exchange news

Uganda moves towards immobilization

The Uganda Securities Exchange is aiming to finish immobilizing the shares listed for trading on 28 June, according to a statement issued by the bourse, ...

Exchange news

More trading records fall as JSE passed 200k trades in a day

South Africa’s full service securities exchange, the JSE Ltd, on 17 May recorded 205,748 trades valued at more than R20 billion (US$2.6 billion). This coincided ...

Exchange news

Car dealer offers shares before double listing in Tunis and Casablanca

Tunisian car retailer Ennakl Automobiles, official distributor of Volkswagen, Seat, Audi and Porsche and part of the Group Princesse El Materi Holding, headed by Mohamed ...

Exchange news

Nigerian Stock Exchange offers free listing to major companies

The Nigerian Stock Exchange (NSE) is keeping open its offer, made earlier this year, to waive listing fees for downstream oil majors, major telecommunications companies ...

Funds

Consensus Business Group launches $92 million “clean tech” fund for Southern Africa

South Africa’s first, specialised, private equity clean technology fund, Evolution One Fund, has reached its final closing after raising R700 million (US$92 million) from local ...

Kenya

Sharia-compliant finance grows in Kenya

Finance compatible with Islamic investment principles is taking further root in Kenya. There has been take up of sukuk portions of infrastructure bonds launched by ...

Kenya

Automated bond trading boosts liquidity on Nairobi Stock Exchange

Liquidity is up, while the number of days for settlement and cases of fraud are down in bond trading as fixed-income traders and investors flock ...

Funds

Adlevo announced first closing on African technology fund

Adlevo Capital Managers (www.adlevocapital.com) announced on 10 June that it has completed the first closing of Adlevo Capital Africa LLC fund with capital commitments of ...

Exchange news

Africa Sustainable Investment Forum launched

A top line-up of speakers from the financial community launched the Africa Sustainable Investment Forum (AfricaSIF- http://www.africasif.org) on 9 June at the Johannesburg Stock Exchange. ...

Exchange news

Rwanda expects more Kenyan cross listings

Rwanda’s Capital Markets Advisory Council expects 4 more Kenyan cross-listings this year on the Rwanda Over The Counter market, which is run by CMAC, bringing ...

Exchange news

SA listed companies have to integrate sustainability reports

South Africa’s JSE stock exchange is requiring listed companies to integrate their sustainability reports with their annual reports, with effect from this month. According to ...