Roundup of recent African share listing news including Old Mutual’s move back to Johannesburg, Grit Real Estate Income Group and ASA International microfinance debut on the London Stock Exchange debut, a green bond in Nigeria and the 9th listing on South Africa’s A2X Markets exchange.
Roundup of African share offers (IPOs) for investors, including CIPLA-QCI closing 24 Aug in Uganda, Giza Spinning and Weaving in Egypt and telco MTN listings in Uganda, Ghana and Nigeria.
Investors can use their smartphones to check share and bond portfolios and send orders to stockbrokers in Zimbabwe with an online and mobile trading platform called C-Trade from today (4 July).
Zimbabweans have a second option for regulated securities trading: Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a securities exchange (alternative trading platform).
One of Africa’s biggest economies. Ethiopia, announced a transformational liberalization and privatization campaign. But there is no Ethiopian stock exchange, limiting participation by citizens and domestic savings funds, and cutting transparency.
Africa’s £1.98 billion ($2.68bn) megalisting Vivo Energy (VVO) soared in its first 2 days of trading on the London Stock Exchange (dual-listed in Johannesburg ) on 10-11 May after a successful initial public offer (IPO) raised £548m.
There are 108 African companies listed or trading on the London Stock Exchange with total market capitalization of over $200 billion ($271bn). In the last 10 years they have raised more than $16 bn on London’s markets.
Organizers of the African Banker Awards have announced shortlisted nominees in the different categories. The awards are hotly contested and will be on 22 May during the annual meetings of the African Development Bank in Busan, South Korea.
Brexit, the UK’s decision to leave the European Union, is having a global ripple effect. Will Brexit affect initial public offerings (IPOs) in Africa?
Malawi Stock Exchange is set to go live with an automated trading system (ATS) by end May and 30 April is start date for dematerialization as shareholders move physical certificates onto the Reserve Bank of Malawi electronic Central Securities Depository.
Blockchain technology can revolutionize trading in derivatives, fix inefficiencies and cut costs of trading if there is more standardization. Barclays Bank is one of the key champions and yesterday (26 April) spoke out at the annual meeting of the International Swaps and Derivatives Association (ISDA).
African capital markets are key to African development visions but governments must prioritize market finance structures over donor funding. There are $1trn of assets in pension, insurance and collective investment vehicles across sub-Saharan Africa, speech by Paul Muthaura, CMA Kenya.
Mergers and acquisitions (M&A) in sub-Saharan Africa in Q1 of 2018 at $4.7 billion were 63% down on a year earlier, according to investment banking analysis for sub-Saharan Africa by Thomson Reuters, but there were $2.7bn in equity follow-on issues and $13bn in debt issues.
The European Bank for Reconstruction and Development (EBRD), a top backer of capital markets development, is debating new expansion into sub-Saharan Africa and new parts of the Middle East and raising its lending by as much as a third from some EUR9.5 billion euros ($11.7 bn), according to an interview on Reuters.
The London Stock Exchange has appointed 49-year-old David Schwimmer as its new CEO, starting on 1 August. He has been working for investment bank Goldman Sachs for the last 20 years
Tomorrow (17 April) is the last day to register for the 7th Building African Financial Markets (BAFM) seminar with a top lineup to debate the future of Africa’s exchanges. It will be on 19-20 April and is organized by African Securities Exchanges Association and hosted by Nairobi Securities Exchange, Kenya.
The Bourse Régionale des Valeurs Mobilières (BRVM), headquartered in investment destination Côte d’Ivoire, will meet South African fund managers and market experts on March 14
“African economies have been resilient and gaining momentum. Real output growth is estimated to have increased 3.6% in 2017 and to accelerate to 4.1% in 2018 and 2019″ says African Economic Outlook 2018 report released by African Development Bank on 17 Jan.
Despite a great year on the main US markets in 2017, many African stock exchanges offered USD investors a higher return. Biggest gain in USD was the Malawi Stock Exchange index, which climbed by 56.0%, one of 6 African exchanges which beat the Nasdaq index.
According to www.Alexa.com, in rankings today (9 Jan) the Nigerian Stock Exchange website was ranked #83,112 busiest website in the world ahead of the Egyptian Exchange, JSE, BRVM and Nairobi Securities Exchange.
Copyright 2021 Ⓒ African Capital Markets
Web Design by Brilliant Digital