Exchange news

Exchange news

Nairobi SE readvertises for IT system for stockbroker back offices

The Nairobi Stock Exchange (NSE) has readvertised its request for IT vendors to express their interest in providing a Broker Back Office (BBO) system to handle administration and client accounts for its 18 active and licensed stockbroking members. The closing date is 27 October.

Exchange news

Bill to regulate Rwanda’s capital market

A bill to regulate the capital markets and collective investment schemes was tabled in the Rwandan Parliament last week.

Exchange news

JSE trades gold, platinum and crude oil futures contracts

South Africa’s securities exchange, the JSE Ltd (www.jse.co.za), is offering trading in gold, platinum and sweet crude oil futures contracts on its commodities derivatives market.

Exchange news

Kenya’s CMA protects shareholders

Kenya’s Capital Markets Authority is giving limited refunds to people who lost money with stockbroker Nyagah Securities which collapsed in 2008 and it has set up a telephone hotline for people to report suspect dealings.

Exchange news

Bond issues for PTA Bank and Nigeria’s UBA Bank

New bond issues are springing across Africa, including Kenya’s Kengen issue for more power generation which closed on 29 September, and bank issues in Nigeria and Uganda.

Exchange news

Kenyan private equity firm trades “Over The Counter”

A leading Kenyan stockbroker says local investment company TransCentury already trades “Over The Counter” and plans to list its shares for trading on a stock exchange.

Exchange news

The best of African capital markets awarded

The brightest and best of Africa’s capital markets were highlighted in New York on 21 September at an awards dinner.

Exchange news

Best of African Capital Markets: 2009 Africa investor Index Series Awards Winners

The winners of the Africa investor Index Series Awards

Exchange news

Innovation and trading boom on Africa’s biggest exchange

Trading soared 31% in number of deals on the JSE Ltd (South Africa’s Johannesburg Stock Exchange) and the merger with teh Bond Exchange of South Africa was finalized, promising dynamic new growth in the South African interest-rate market.

Exchange news

Regulators seek to restore confidence in battered Nigerian capital market

Regulators and players in the Nigerian capital markets hope recent actions against five banks will restore confidence in the market, but it looks as if the storm is not yet over.

Exchange news

Electronic trading in Uganda another step to East African market

The Uganda Securities Exchange (www.use.or.ug) is set to introduce electronic trading before the end of 2009 and an East African common stock market to be …

Capital raising

Kengen issues $197 mln bond for 500 MW more electricity

The Kenya Electricity Generating Company (KenGen) has received regulatory approval from the Capital Markets Authority for a corporate bond with a nominal value (face value) of KSh15 billion (US $196.8 mln). The offer is open from 8-29 September.

Exchange news

Gold Exchange-Traded Fund targets Botswana SE

Absa Capital wants to dual list its NewGold Gold Bullion Debentures Exchange Traded Fund on the Botswana Stock Exchange (BSE).

Exchange news

New draft law for Zimbabwe capital markets and listings changes

The Securities Commission of Zimbabwe, which regulates the stock market, has drafted a statutory instrument outlining general rules for stakeholders in the stock market, reports …

Exchange news

Tanzania thawing on East African integrated market?

Tanzania seems to be warming to the idea of linking the East African stock exchanges, in what could eventually be the development of a major integrated regional market.

Exchange news

JSE’s Africa Board: more travels and consultations

The JSE Ltd has three more countries in its first year programme, building links with leading issuers, regulators, brokers and African exchanges.

Exchange news

Sixth uranium dual listing for NSX

The listing bell rang at the Namibian Stock Exchange (www.nsx.com.na) on 4 August for the listing of West Australian Metals Limited (“WAM”) on the NSX’s …

Exchange news

Kenya’s CMA brings new rules for brokers and investment banks

Kenya’s Capital Markets Authority is putting new regulations into law by the end of August, including tighter controls on stockbrokers and investment banks. According to …

Exchange news

African capital markets conference in September

A Regional Capital Markets Conference for Africa is to be held next month under the theme: “Towards effective regulation and development of an efficient capital …

Exchange news

Zimbabwe Stock Exchange to demutualize

The process of demutualizing the Zimbabwe Stock Exchange has begun, according to Chief Executive Emmanuel Munyukwi, quoted in The Herald local newspaper. By selling shares …