How good are Africa’s financial markets?
Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s …
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Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s …
The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 …
A cross-border order-routing platform linking seven leading African securities exchanges has gone live today, 18 November. The African Exchanges Linkage Project (AELP) technology allows 33 …
First Abu Dhabi Bank (FAB) has launched a bid for Egypt’s biggest investment bank EFG Hermes that values it at EGP 18.5 bn ($1.18bn). EFG …
Regulators are stepping in to help Egyptian securities investors deluged via social media with share tips and information that could be market manipulation. In the …
E-Finance for Digital and Financial Investments, raised $372m in an oversubscribed IPO on the Egyptian Exchange (EGX). Does the biggest share offer in EGX history unblock Egypt’s multi-billion pound privatization pipeline?
The African Securities Exchanges Association (ASEA) has signed a contract on 30 July to procure an order-routing system to link stockbrokers on seven of Africa’s …
Enterprises based in Africa raised $341 million through equity issues in the first half of 2019, down 28% on the $472m raised in the first …
Africa’s stock exchanges, regulators, central banks, stockbrokers and clearing systems are working together on the African Exchanges Linkage Project (AELP), set to create trading and …
Africa-focused companies raised $2.17 billion via 18 share offers (IPO) and listings in 2018, but the number is down 25% from $2.89bn raised in 2017 …
A good overview of Africa’s $92bn eurobond market, with a summary of 2018 and 5 key themes for 2019, written by Gregory Smith, Director and …
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.
Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number 1, pushing South Africa to 2nd, while Nigeria and Algeria crashed out of the top 10. But African countries are still at the lower end of global performance as investment destinations.
Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.
Charts circulated by Reuters show the rebased Nigerian economy as biggest in Africa, followed by sluggish South Africa, Egypt, Algeria, Angola and Morocco. They also show growth rates: oil-fuelled Ghana led the pack with historic growth of 10.2% a year over 2010-13.
Three new initial public offer (IPO) share flotations with a total value of over $300m are planned for the Egyptian Exchange this year, says bank EFG Hermes.
A bond-trading platform could be launched on the Egyptian Exchange (EGX) in Q2 of 2014, after 10 years of planning, and the regulator (Egyptian Financial Supervisory Authority EFSA) is to relax regulations from 1 Feb as part of ongoing reforms.
Shareholders of leading investment company Citadel Capital have voted recently to allow the company, which says it has US$ 9.5 billion in investments under control, to boost capital by EGP 3.64 billion capital increase as part of major restructuring.
The total value of mergers and acquisitions deals in Africa by foreign investors was $183 billion over the ten years 2003-2012, up threefold on the previous decade. Britain was the lead investor with with 437 deals worth $30.5bn.
The Egyptian Exchange (EGX) is busy with workshops for mutual funds and investment banks, aiming to boost trading volumes through better communications between market participants and listed companies.
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