Egypt

Capital raising

Egypt’s Nilex exchange for SMEs adds 23rd listing

The Egyptian Exchange (EGX) has approved the listing of the 23rd company on Nilex (the Nile Exchange, its securities market for listing growing medium and ...

Egypt

Egypt aims for 800,000 jobs

The short-term challenge for the Egyptian Government is to mobilize domestic and foreign investment to create 800,000 jobs. This was the energizing call from Hesham ...

Egypt

Live from Cairo, launch of African Stock Exchanges Association conference

Launch today (3 Dec) of the 16th annual conference of the African Stock Exchanges Association, hosted by The Egyptian Exchange (EGX). This is the great ...

Egypt

African SE Association announces 2012 conference will be 2-4 Dec in Cairo

The Egyptian Exchange (EGX) has announced the 16th annual general meeting and flagship conference of the African Securities Exchanges Association (ASEA). This is the top ...

Capital raising

Ethiopia plans more bonds for $4.7bn hydropower dam

Ethiopia has raised Birr 7 billion ($408 million) of debt to finance the $4.8 bn Grand Ethiopian Renaissance Dam on the Blue Nile River, and ...

Egypt

Silk Invest says Egypt elections will be turning point

Mark Voss of fund manager Silk Invest foresees a turning point for the Egyptian market in a recent note. He also notes growth in Tunisia, ...

Capital raising

SANAD Fund to target SMEs in North Africa and Middle East

Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD ...

Egypt

International lenders back Egypt debt, domestic yields climb

Egypt is chasing its short-term domestic market to fund ballooning Government deficits, but seems to be preparing for a new Eurobond issue to replace $1 ...

Egypt

Egypt travel ban lifted on PE firm Citadel Capital chairman

Leading African private equity firm Citadel Capital said that Egypt's public prosecutor has lifted a travel ban imposed in April on its chairman Ahmed Heikal, ...

Egypt

Revolution at Egyptian Exchange – innovations to boost liquidity

The Egyptian Exchange is to introduce new products and trading innovations, including remote orders placed abroad, exchange-traded funds (ETFs), intraday trades and short selling. Mohamed ...

Egypt

Egyptian Exchange opens, hit by giant wave of selling

The Egyptian Exchange opened today at 10:30am after nearly 2 months, and was immediately swamped with a flood of selling, which saw the index plunge ...

Egypt

Giant growth foreseen for African stock exchanges over 10 years

African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and ...

Egypt

Egyptian Exchange again fails to reopen, bonds and GDR prices fall

The Egyptian Exchange has failed to meet another self-imposed deadline to reopen on 6 March, and investors are increasingly unhappy. In a statement on 3 ...

Egypt

Investors worry as Egyptian Exchange again delays reopening

Investor confidence in Egypt is likely to be further undermined after officials again delayed the reopening of the Egyptian Exchange from today (1 March). It ...

Egypt

Egyptian Exchange to start trading tomorrow (1 Mar)

The Egyptian Exchange is set to reopen tomorrow (1 March) after it closed on 27 Jan. in the popular uprising that saw President Hosni Mubarak ...

Egypt

Private equity firm sees “compelling opportunities” in Egypt and beyond

A leading African private equity firm, Citadel Capital based in Cairo, says change in Egypt brings “very compelling opportunities for long-term private equity investors in ...

Egypt

Egyptian Exchange again delays reopening

The Egyptian Exchange has again postponed its reopening and says it will only open when the strike-hit banking system gets back to normal. Dates mentioned ...

Egypt

Egyptian stock exchange delays reopening to 16 Feb

The Egyptian Exchange has postponed its reopening until Wednesday 16 February. The stock exchange closed on 27 Jan after the main EGX 30 Index fell ...

Egypt

Investors optimistic about change in Egypt

Bulls seem to be waiting for a positive outcome from widespread pro-democracy unrest in Egypt, one of Africa’s biggest stock markets and prices have climbed ...

Egypt

2 African stock exchanges among world ESG leaders

Two African stock exchanges are among leaders in requesting companies to report on Environmental, Social and Governance (ESG) issues. South Africa’s JSE Ltd this year ...