Exchange news

Listing of Transcorp Power on NGX Nigerian Stock Exchange
Capital raising

$1.2bn power listing lights up Nigerian exchange

A power generator energized the Nigerian exchange with a NGN 1.8 trillion ($1.16 billion) boost to market capitalization, after listing 7.5 bn shares yesterday (4 …

IT system for Ethiopian Securities Exchange, ATS, ETP
Ethiopia

Electronic trading system for new Ethiopian Securities Exchange

The tenders are open for the automated trading system and broker back office systems for the Ethiopian Securities Exchange (ESX) and for the market surveillance …

news of african financial markets, capital markets development
Egypt

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 …

Namibian Stock Exchange go live with Automated Trading System for bonds
Exchange news

Bond trading system for Namibian bonds

Bond trading in Namibia by banks and stockbrokers is expected to grow after the Namibian Stock Exchange (NSX) announced the successful “go-live” of a new …

Botswana Stock Exchange joins World Federation of Exchanges
Exchange news

Botswana Stock Exchange full member of WFE

Botswana Stock Exchange (BSE) says its admission as a full member of the World Federation of Exchanges (WFE), the global industry association of exchanges and …

Market capitalization on African stock exchanges is getting smaller against world exchanges
Events

Are Africa’s stock exchanges lagging?

African capital markets are falling behind the growth of global markets. African markets have 1.4% of global market capitalization and the share is falling, says …

Live share trading order routing in Africa with live trading screen
Cote d’Ivoire

African exchanges link AELP demonstrates share trades

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 …

Ethiopia's new stock exchange will be in Addis Ababa
Ethiopia

Progress towards Ethiopia’s Stock Exchange

At least 50 companies are expected to list when Ethiopia’s stock exchange launches. The country’s new $38bn sovereign wealth fund Ethiopia Investment Holdings (EIH) is …

Cote d’Ivoire

African Exchanges Link platform goes live today

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 …

BODIVA exchange first IPO
Capital raising

Banco BAI raised $94m in Angola’s first IPO

Equity trading has started on Angola’s BODIVA stock exchange eight years after it opened. The biggest private bank, Banco BAI, held an oversubscribed public offer …

logo stock exchange mauritius automated trading system STT
Exchange news

Stock Exchange of Mauritius new trading system launches this week

The new Automated Trading System (ATS) of the Stock Exchange of Mauritius (SEM) is set to “go live” on 13 May 2022. Securities and Trading …

Exchange news

London Stock Exchange bid to trade digital assets

The London Stock Exchange Group took a big step towards boosting its capacity for trading digital assets. LSEG announced on 22 February it had agreed …

NG Clearing launches central counterparty securities clearing
Exchange news

Nigeria central counterparty clearing for securities door to safer future

Nigeria has launched the first central counterparty (CCP) clearing system for securities trades in West Africa. This paves the way for exchange-traded derivatives. NG Clearing …

Egypt

Clampdown on social media to manipulate share prices

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 …

Capital raising

MTN Uganda IPO doubles the Uganda Securities Exchange

CAPITAL-RAISING/ IPO NEWS – The Uganda Securities Exchange has more than doubled in size after the listing of telecommunications firm MTN Uganda on 6 December. …

Exchange news

Will today’s launch of day trading transform Nairobi Securities Exchange?

Nairobi Securities Exchange launches day trading in shares today 22 November. The aim is to boost liquidity and trading activity on this leading African stock exchange.

Telco MTC Namibia lists shares on Namibia stock exchange after listing
Capital raising

MTC Namibia IPO results, listing on Namibian Stock Exchange 19 Nov

MTC Namibia to list on Namibian Stock Exchange on 19 Nov after successful share offer IPO of 299 million shares. Its Namibia’s biggest share offer and raised $162m for the government which may be used to create a sovereign wealth fund..

Capital raising

Will 17 Nov Ghana budget unblock flow for SOE listings?

Would-be investors are waiting for news from the technical committee working to prepare Ghanaian State-owned enterprises (SOEs) for share sales of their shares on the …

African Securities Exchanges Association conference, capital markets event
Events

Speaker lineup for the ASEA conference – online 24-25 November

Meet the speakers for the African Securities Exchange Association (ASEA) conference due on 24-25 November. To register, just click http://www.aseaconference.ma/ .

Egyptian Exchange EGX boosted by IPO share offer
Capital raising

Egypt’s $372m e-finance IPO may herald privatizations

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?