Exchange news

Exchange news

Paladin private equity lists education firm on AltX

South African private equity firm Paladin Capital has listed its 76% subsidiary Curro Holdings on the JSE’s AltX on 2 June. Curro, which offers private ...

Exchange news

Why African investors use Depositary Receipts?

Many foreign investors have investments in Africa but hold them in international custody in the form of Depositary Receipts, usually known as “American” (ADRs) if ...

Exchange news

London Stock Exchange scores on African listings

The London Stock Exchange has long been a global centre for capital, particularly where African investments are concerned. It is also the world centre for ...

Exchange news

JSE mixes exotic flavours in currency derivative trading

South Africa’s securities exchange, the JSE Ltd, is to launch a set of exotic currency products after demand from some South African banks. These derivatives ...

Capital raising

Rwanda’s bubbling brewer – profits soar 63%

Rwanda's biggest brewer, Brasseries et Limonaderies du Rwanda (BRALIRWA), says post-tax profit leapt by 62.8% in 2010, driven by increased sales, higher pricing and improved ...

Capital raising

Rwanda Government to raise $42 mn by selling shares in Bank of Kigali and MTN

The Rwandan Government plans to raise Rwf25 billion ($42.2 million) through the sale of its shares in Bank of Kigali Ltd and telecom company MTN ...

Exchange news

Nigerian bank’s $0.5 bn high yield eurobond

Nigeria’s Guaranty Trust Bank is coming to the market with a $500 million Eurobond, which may roll out into a $2 billion offering. The bank ...

Cote d’Ivoire

BRVM bourse comes home from 16 May

West Africa’s Bourse Regionale des Valeurs Mobilieres BRVM regional stock exchange is to move trading operations back to Cote d'Ivoire next Monday (16 May), after ...

Exchange news

Nigerian pensions reach $12.8 bn

The National Pension Commission of Nigeria regulates over N2 trillion ($12.8 billion) in assets under management. This has been accumulated from 4.7 million people who ...

Exchange news

Nairobi Stock Exchange and FTSE work on new market indices

The Nairobi Stock Exchange and FTSE International are to create new FTSE/NSE share and bond indices. These could be marketed to international investors.

Exchange news

Ethiopia aims for IFRS for medium and large enterprises

A panel is working on a proposed bill, the “Financial Report Proclamation of Ethiopia”, which could bring fundamental changes to Ethiopia's financial reporting system by ...

Exchange news

Regulators seek to build capacity in African markets

African capital markets require more capacity-building. The recent conference of the International Organisation of Securities Commissions (IOSCO) resolved to give support to help markets develop ...

Exchange news

Nigerian SE: CEO Onyema in full charge

The new Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema, had taken up office on 4 April, but the SEC had asked for ...

Exchange news

East Africa monetary union by 2012?

The East African Monetary Union is supposed to be effective from 2012. Senior officials including central bank governors, capital markets authorities, insurance and pensions regulatory ...

Exchange news

Rwanda Chair calls for integrated East African capital market

Dr James Ndahiro, Chairperson of the Rwanda Stock Exchange, said East African countries should form a single stock market by 2015.

Exchange news

JSE Africa Board launches advisory committee to boost appeal

The JSE securities exchange has appointed an advisory committee to boost its JSE Africa Board to achieve its mission and attracet dual listings to a ...

Exchange news

Tunisian and Egyptian regulators freeze securities trading pending investigation

Tunisian regulator Conseil de Marche Financier ordered stockbrokers not to allow 123 companies to trade securities as part of investigations into extensive holdings by the ...

Exchange news

High-speed multi-asset exchange launched

The CE Exchange (CEX) launched this morning is expected to bring an important boost to world liquidity and trade. The exchange is an international venture ...

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 ...

Events

Top investment conference this week in London

Leading investors and institutions are to discuss transactions and trends in Africa’s capital markets during the Africa investor 2011 Analysts’ and Fund Managers’ Forum to ...