Exchange news

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 ...

Capital raising

Casablanca Stock Exchange grants to encourage SMEs

Morocco’s Casablanca Stock Exchange is offering grants to small and medium enterprises to encourage them to raise capital. The first listing of 2011 was 8.7x ...

Capital raising

Tunis Stock Exchange seeks to support growth

The Bourse des Valeurs Mobilières de Tunis (BVMT - Tunis Stock Exchange), aims to support role in faster economic growth and has a 5-point development ...

Capital raising

Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing

The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air ...

Exchange news

JSE boosts net profit by 22% for first half

South Africa’s JSE Ltd reported a 22% increase in net profit after tax to R253.8 million for the 6 months to June, driven by a ...

Exchange news

Rencap appoints Yvonne Ike as new CEO West Africa

Leading emerging markets investment bank Renaissance Capital has appointed Yvonne Ike as its Chief Executive Officer, West Africa. She will be based in Lagos.

Exchange news

South Africa’s Financial Markets Bill open for comment, due 2012

South Africa’s Government has released the Financial Markets Bill for public comment, with comments due by 5 September. The new law would replace the Securities ...

Exchange news

JSE sets new trading record – 230,797 trades on 10 August

South Africa’s Johannesburg Stock Exchange says that a record number of trades were executed on the exchange today (10 August). The new record is 230,797 ...

Exchange news

Nigeria’s Securities and Exchange Commission educates, partners Nollywood film

Nigerian regulator, the Securities & Exchange Commission, is travelling the country to build education and awareness. SEC Director General Arunma Oteh, SEC Commissioners and senior ...

Exchange news

Nigerian Stock Exchange suspends 27 shares, including 3 banks

The Nigerian Stock Exchange has placed 24 companies on full suspension for failing to submit their financial statements for the year ended 31 December, 2010 ...

Capital raising

Private equity and lenders hop aboard $287m Kenya-Uganda railway

The International Finance Corporation and 6 leading international finance institutions provided $164 million in financing to Rift Valley Railways International to rehabilitate the Kenya-Uganda railway ...

Capital raising

Tullow Oil listing to double value of shares on Ghana Stock Exchange

Tullow Oil plc is to start trading on the Ghana Stock Exchange on 27 July after allocating 3,531,546 ordinary shares of 10p each in a ...

Capital raising

British American Investment launches Kenya IPO

British American Investment Company (Kenya) Ltd launched its initial public offer (IPO) this week. It aims to raise KES 5.58 billion (US$62.2 million) for ...

Capital raising

Kenya’s Transcentury private equity firm to list on Nairobi SE

Kenyan private equity firm TransCentury is to list through introduction at the Nairobi Stock Exchange on 14 July at a price of KES50 (USD0.58) a ...

Exchange news

Stock Exchange of Mauritius aims to be global centre for listing funds

The dynamic Stock Exchange of Mauritius is pushing ahead with building itself as a secure base for international funding transactions and an African alternative to ...

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 ...

Exchange news

Wind of change blows world markets, African stock exchanges unruffled

I have the honour to be published on the opinions section of the Royal African Society website and the article can be seen along with ...