Exchange news

Exchange news

FTSE Group working on Pan-Africa index with African Securities Exchanges Association

FTSE has launched a FTSE-ASEA index with the African Securities Exchanges Association, which will help to unlock Africa an investment for larger portfolio investors. The ...

Exchange news

Zimbabwe Securities Commission refuses licence for ZSE bourse

The Securities Commission of Zimbabwe (www.seczim.co.zw) has declined to grant the Zimbabwe Stock Exchange (www.zse.co.zw – under maintenance), an operating licence, according to local media, ...

Exchange news

Tunisia Stock Exchange positive on economic prospects

Share prices on the Tunisian Stock Exchange have been moving ahead all November, starting with a positive reaction to the meeting between Rachid Ghannouchi, leader ...

Exchange news

Securities Africa – thanks for supporting charity trading day

Securities Africa held its annual Charity Trading Day on 9 November. The broker-dealer teamed up with Child Welfare SA and 100% of all revenue ...

Exchange news

Is lack of liquidity driving African issuers to list on London Stock Exchange and others?

Reuters newsagency has put together stories on issuers' and investors' difficulties with African stock markets. These include lack of liquidity and sinking currencies. It ...

Exchange news

African Stock Exchanges Association conference tackles key issues

Developing Africa’s securities exchanges is critical for the continent’s development, with capital markets standing between huge demand for capital for growth and huge demand to ...

Capital raising

Mobius remains bullish on Nairobi Securities Exchange, says FT

Mark Mobius, veteran emerging markets investor and head of Templeton Emerging Markets, is bullish about the Nairobi Securities Exchange (NSE), although it is the worst-performing ...

Exchange news

UK’s regulator FSA warns on unregistered “ethical” tree investment schemes

The UK’s regulator, the Financial Services Authority (FSA), has issued a warning about unregulated “sustainable, ethical and alternative” investments. It says: “We are seeing an ...

Exchange news

Private equity exits total $1.2bn

Private equity managers (GPs) have exited some $1.2bn of investments this year, spurred by new interest and good deal values, according to data from Preqin. ...

Exchange news

Nigeria’s Securities and Exchange Commission (SEC) to set up Investor Protection Fund

The Securities and Exchange Commission Nigeria is considering setting up an Investor Protection Trust Fund. This comes after news that no-one has claimed from a ...

Capital raising

Bigger role for African Development Bank, considering move back to Cote d’Ivoire

The African Development Bank is playing its role in Africa with skill and is getting more backing from its principal shareholders because of its successes ...

Exchange news

BRICS stock exchanges form alliance

The securities exchanges of the “BRICS” emerging market bloc have announced a joint initiative to expose investors to the dynamic economies of the bloc members, ...

Exchange news

Broker supplies clients with faster African investor relations (IR) data

Another step forward for Africa-based investor relations (IR) specialist Rob Stangroom. He announced that Zimbabwe-based stockbroker Lynton Edwards Securities is using data direct from corporate ...

Capital raising

Precision Air IPO launches tomorrow in Tanzania

The Initial Public Offering (IPO) of 58,841,750 shares at TSh 475 (US$ 28 cents) each in Tanzania’s Precision Air Services is set to start on ...

Exchange news

Rencap bidding to take over Zimbabwe stockbroker?

Media report that Renaissance Capital (RenCap), a unit of Russian investment bank Renaissance Group, is drawing closer to a takeover of one of Zimbabwe's largest ...

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 ...

Capital raising

Conference: African technology and innovation banking

Competitive African bank leaders are seizing opportunities of new technology to reach 250m unbanked families. Conference on emerging markets technology innovation and banking coming up ...

Capital raising

Bank of Kigali IPO lifts Rwanda Stock Exchange: 52% gain on first day

Interest in share offers is high on the Rwanda Stock Exchange, after shares of Bank of Kigali (BK) rose 52% to RWF190 in their first ...

Exchange news

Electronic trading and central securities depository coming for Zimbabwe?

A company has been engaged to switch the Zimbabwe Stock Exchange to electronic trading and Cabinet has discussed this and setting up a Central Securities ...

Capital raising

Kenyan IPO only 60% subscribed but regional plans go ahead

Kenyan financial services firm British-American Investments Company Ltd. said on 23 August that its initial public offering (IPO) had only attracted 60.09% of the targeted ...