Tom Minney

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 ...

Egypt

New stock exchange launched in Egypt

The brand new Nile Stock Exchange (www.nilex.com.eg) saw strong trading appetite on 3 June, its first day of trading. NILEX is an initiative of the ...

Other news

Africa’s mid-term prospects – growth and climate change

"Africa’s economies experienced a marked acceleration in growth during the past ten years. The magnitude of the continent’s development story is startling in its specifics ...

Funds

CDC steps up investments in African funds

The UK’s development finance organisation CDC Group PLC (www.cdcgroup.com) says that 2009 marked the start of CDC’s new, 5-year investment policy which will see it ...

Capital raising

Investors back $ billions of African bonds

Interest in African sovereign debt has been climbing again in recent months. Angola plans to issue a $1 billion - $2 billion benchmark bond., Kenya, ...

Exchange news

Standard Chartered starts taking over Barclays custody services

Standard Chartered Bank in Kenya (www.standardchartered.com/ke/en/) is to issue KSh 2.5 billion ($30.2 million) in new shares in order to buy the custody business of ...

Funds

China-Africa fund starts to raise further $2 billion

The China-Africa Development Fund has started to raise its second round of capital, aiming to raise $2 billion over three years, according to a report ...

Exchange news

Nigeria SE says trading system is not obsolete, considers demutualization and prepares second-tier market

The Nigerian Stock Exchange (NSE) management has hit back at claims that its trading system is obsolete and urged the country’s Securities and Exchange Commission ...

Other Countries

Rwanda Investment Group postpones $40 mln bond for cement

Rwanda Investment Group S.A. has temporarily suspended plans to issue a bond with a value of RWF 23.1 billion (US$40 million) to RWF 28.9 bln ...

Uncategorized

First meeting of Global Impact Investing Network (GIIN) Investors’ Council

The Global Impact Investing Network (GIIN) held the inaugural meeting of its Investors’ Council, bringing together leading global impact investors, who use for-profit investment to ...

Exchange news

JSE breaks 3 records for numbers of trades in global market volatility

Volatility and increased uncertainty in global markets last week meant extra demands for huge trading volumes on world markets. South Africa’s JSE Ltd. handled the ...

Funds

Progress of the $5bn equity China-Africa Development Fund

The flagship of Chinese equity investment into Africa, the $1 billion China-Africa Development Fund, opened a branch in Addis Ababa on 30 March. Initial financing ...

Capital raising

Africa needs $93 billion a year for infrastructure

Infrastructure is key to Africa’s growth, but financing is coming in far too slowly. Katherine Sierra, the World Bank's vice president for sustainable development, told ...

Exchange news

Nigeria’s SEC publishes new rules

Nigeria’s Securities and Exchange Commission (SEC) has new rules, according to local press. The new rules, signed by Director General Ms Arunma Oteh, became effective ...

Exchange news

Somali pirates stock exchange finances sea ventures

Inside the Somali pirates stock exchange, where their voyages are financed (and missing pirates mourned). An interesting story by Reuters.

Exchange news

JSE to offer “Dark Pool” for very large trades

South Africa’s JSE Ltd this week announced that it was close to creating Africa’s first “dark pool” for trading large orders. These are structures that ...

Other Countries

Angola cuts back on May $4 bln bond

Angola has cut back its plans to raise as much as $4 billion in a sale of bonds without credit ratings, according to a report ...

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