Tom Minney

Exchange news

Africa’s securities exchanges to debate how to counter the crisis

The African Securities Exchanges Association (ASEA) is set to discuss "Global Crisis: Opportunities for African Capital Markets” within 2 weeks. The 13th ASEA conference will ...

Capital raising

$400 million fund for small and medium-size businesses

Aureos Capital at the start of November launched its $400m sub-Saharan private equity fund focusing on small- to mid-market companies. The Aureos Africa Fund was ...

Exchange news

Nigerian Stock Exchange seeks $33 mln for new software and Sierra Leone bourse

The Nigerian Stock Exchange is seeking some US$33 million in capital for its fifth software upgrade and also to help finance the Sierra Leone stock ...

Kenya

Kengen Bond launches Automated Trading in Nairobi

KenGen's KSh25 billion (US$336 million) bond launched the Automated Trading System (ATS) of the Nairobi Stock Exchange (NSE – www.nse.co.ke) on 9 November.

Funds

IFC lists $100 mln Islamic financing instrument in Dubai and Bahrain

This is not strictly an African story, but Islamic finance is a very important for much of Africa.. The International Finance Corporation (IFC – www.ifc.org), ...

Exchange news

Nigeria’s Securities and Exchange Commission calls in market operators

From 9 November, Nigeria’s Securities and Exchange Commission is to call stockbrokers and other market participants before its Administrative Proceedings Committee (APC). This is part ...

Exchange news

Africa driving secular economic change

Extracts from the keynote speech by US stockbroker Jonathan Auerbach at a joint conference between his company, Auerbach-Grayson & Company, Nedgroup Securities and Nedbank Capital ...

Capital raising

Africa scores in new $750 million infrastructure fund

Africa will have a large role in US$750m Actis Infrastructure 2 fund, which closed on 6 October. The pan-emerging markets fund focuses on power generation ...

Capital raising

IFC invests $100 million in Nigerian telecommunications

The International Finance Corporation (www.ifc.org), a member of the World Bank Group, is investing $100 million into bringing the benefits of better telecommunications to many ...

Exchange news

Cool investor relations for securities exchanges and listed companies

Three excellent sites offer fine material and services on promoting investor relations, and feature an enticing line-up of online published annual reports of listed companies ...

Exchange news

Nairobi SE readvertises for IT system for stockbroker back offices

The Nairobi Stock Exchange (NSE) has readvertised its request for IT vendors to express their interest in providing a Broker Back Office (BBO) system to ...

Exchange news

Bill to regulate Rwanda’s capital market

A bill to regulate the capital markets and collective investment schemes was tabled in the Rwandan Parliament last week.

Exchange news

JSE trades gold, platinum and crude oil futures contracts

South Africa’s securities exchange, the JSE Ltd (www.jse.co.za), is offering trading in gold, platinum and sweet crude oil futures contracts on its commodities derivatives ...

Kenya

African bonds roundup

Absa Capital, the investment banking arm of Absa Group, plans to work in a range of African debt markets, particularly in countries where Barclays Bank ...

Exchange news

Kenya’s CMA protects shareholders

Kenya’s Capital Markets Authority is giving limited refunds to people who lost money with stockbroker Nyagah Securities which collapsed in 2008 and it has set ...

Exchange news

Bond issues for PTA Bank and Nigeria’s UBA Bank

New bond issues are springing across Africa, including Kenya’s Kengen issue for more power generation which closed on 29 September, and bank issues in Nigeria ...

Other news

Orders for AfDB bond top $1.5 billion

The African Development Bank on 30 September reported orders for over US$1.5 billion for its recent $1 bln benchmark global bond issue in the international ...

Uncategorized

Launch of Global Impact Investing Network

The Global Impact Investing Network was launched on 25 September. It is a not-for-profit organization dedicated to building infrastructure, activities, education, and research to enable ...

Ethiopia

Ethiopian Commodity Exchange to help finance agricultural trade

Traders on the Ethiopian Commodity Exchange will be able to use their stocks to access bank finance, according to a scheme launched with the International ...

Exchange news

Kenyan private equity firm trades “Over The Counter”

A leading Kenyan stockbroker says local investment company TransCentury already trades "Over The Counter" and plans to list its shares for trading on a stock ...

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