Exchange news

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 …

Exchange news

More action on Kenya’s bond market

Bonds are becoming increasingly active in Kenya, and the bond market at the Nairobi Stock Exchange (NSE) is proving a good place to raise medium- …

Exchange news

New leaders mooted for Nigeria’s Securities and Exchange Commission

Nominations are on the table for the leadership of Nigeria’s Securities and Exchange Commission (SEC) to supervise the turbulent capital market. These are subject to ratification by Nigeria’s Senate. Nigeria’s President Umaru Yar’ Adua nominated Ms Arunma Oteh for appointment as Director-General and Mr Ahmed Remi Makele as Executive Commissioner (Legal & Compliance).

Exchange news

Mauritius plans futures trading

The Stock Exchange of Mauritius aims to start trading in futures within six months, according to a report on Reuters newsagency.

Exchange news

Nairobi Stock Exchange member offers SMS orders

Standard Investment bank offers SMS orders from mobile phones for its clients wishing to buy and sell shares on the Nairobi Stock Exchange.

Exchange news

No trading on Rwanda’s Over The Counter Market

No trading on Rwanda’s OTC market for at least two days this week.