Tom Minney

Exchange news

Gold Exchange-Traded Fund targets Botswana SE

Absa Capital wants to dual list its NewGold Gold Bullion Debentures Exchange Traded Fund on the Botswana Stock Exchange (BSE).

Exchange news

New draft law for Zimbabwe capital markets and listings changes

The Securities Commission of Zimbabwe, which regulates the stock market, has drafted a statutory instrument outlining general rules for stakeholders in the stock market, reports …

Capital raising

IFC’s notable transactions in year to June 2009

The International Finance Corporation (IFC), part of the World Bank group, committed investments in the following African countries last year: Angola, Benin, Burkina Faso, Burundi, …

Capital raising

IFC aims to mobilize $15 bn for Africa over 2-3 years

The International Finance Corporation (IFC) announced that it committed to $1.8 billion worth of new investments across 30 countries in Africa in the fiscal year ended June 2009.

Capital raising

AUREOS Africa Fund reaches $318 mln

Aureos Africa Fund has increased funds under management to US$318 million

Exchange news

Tanzania thawing on East African integrated market?

Tanzania seems to be warming to the idea of linking the East African stock exchanges, in what could eventually be the development of a major integrated regional market.

Exchange news

JSE’s Africa Board: more travels and consultations

The JSE Ltd has three more countries in its first year programme, building links with leading issuers, regulators, brokers and African exchanges.

Exchange news

Sixth uranium dual listing for NSX

The listing bell rang at the Namibian Stock Exchange (www.nsx.com.na) on 4 August for the listing of West Australian Metals Limited (“WAM”) on the NSX’s …

Exchange news

Kenya’s CMA brings new rules for brokers and investment banks

Kenya’s Capital Markets Authority is putting new regulations into law by the end of August, including tighter controls on stockbrokers and investment banks. According to …

Exchange news

African capital markets conference in September

A Regional Capital Markets Conference for Africa is to be held next month under the theme: “Towards effective regulation and development of an efficient capital …

Capital raising

Emerging Capital Partners targets North Africa construction

Emerging Capital Partners announced it has bought controlling stakes in Shoresal and Almes – both North African construction companies – for a total USD $26.2 million (www.ecpinvestments.com).

South Africa

Investec strengthens balance sheet ahead of SA recession

With South Africa’s recession expected to hit profits, specialist investment banking group Investec said on 28 July it would place up to 22 million new …

Exchange news

Zimbabwe Stock Exchange to demutualize

The process of demutualizing the Zimbabwe Stock Exchange has begun, according to Chief Executive Emmanuel Munyukwi, quoted in The Herald local newspaper. By selling shares …

Exchange news

More action on Kenya’s bond market

Bonds are becoming increasingly active in Kenya, and the bond market at the Nairobi Stock Exchange (NSE) is proving a good place to raise medium- …

Capital raising

West Africa private equity fund raises US$200 million

West African private equity fund manager African Capital Alliance (ACA) announced the first closing after raising US$200 million for Capital Alliance Private Equity III (“CAPE …

Exchange news

New leaders mooted for Nigeria’s Securities and Exchange Commission

Nominations are on the table for the leadership of Nigeria’s Securities and Exchange Commission (SEC) to supervise the turbulent capital market. These are subject to ratification by Nigeria’s Senate. Nigeria’s President Umaru Yar’ Adua nominated Ms Arunma Oteh for appointment as Director-General and Mr Ahmed Remi Makele as Executive Commissioner (Legal & Compliance).

Exchange news

Mauritius plans futures trading

The Stock Exchange of Mauritius aims to start trading in futures within six months, according to a report on Reuters newsagency.

Exchange news

Nairobi Stock Exchange member offers SMS orders

Standard Investment bank offers SMS orders from mobile phones for its clients wishing to buy and sell shares on the Nairobi Stock Exchange.

Exchange news

No trading on Rwanda’s Over The Counter Market

No trading on Rwanda’s OTC market for at least two days this week.

Other news

Introducing the blog

This blog aims to provide news of developments in Africa’s capital markets, including the stock and securities exchanges and venture capital markets.