Exchange news

Exchange news

SA upgrades Companies Act and accounting standards

South African listed companies are to change accounting standards next July, after the Department of Trade and Industry in December released the long-awaited regulations to ...

Exchange news

Botswana to upgrade rules for asset managers and advisers

Botswana’s Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is talking to the World Bank on technical help to update laws and develop rules. The authority aims ...

Exchange news

National Insurance to list in Uganda

An initial public offering (IPO) for Uganda’s National Insurance Corporation will be launched on 14 January and close on 5 February, according to a report ...

Exchange news

Liberia considering stock exchange

Talks have started in Liberia on establishing a stock exchange and the Central Bank of Liberia is set to play a leading role, according to ...

Exchange news

More investment expected into African markets

The effect of the global financial crisis on Africa should be relatively short term says Standard Bank Emerging Markets strategist Michael Hugman, according to a ...

Exchange news

Two new listings for Tunis Stock Exchange

Two new listings are heading to the Tunisian Stock Exchange (www.bvmt.com.tn) according to Tunisian online news sources www.tustex.com and Tunisia Online News (www.tunisiaonlinenews.com). Prominent regional ...

Exchange news

Kenya seeks to change investor protection

Proposed amendments to Kenya’s Capital Markets Authority (CMA: www.cma.or.ke) Act would block institutional investors from getting compensation for money lost in cases of collapse of ...

Exchange news

Exotix says Ghana index was worst of 2009 but may jump 30% in 2010

Stockbroker and investment bank Exotix Limited says the Ghana Stock Exchange’s All-Share Index has so far been the world’s worst performer in 2009, falling 49% ...

Exchange news

African Stock Exchange views – news from ASEA 2009 in Abuja

It has been hard to get news of the African Stock Exchanges Association this year, but news reports talk of integration between the Ghana and ...

Exchange news

Trade Google, Microsoft and other blue chips on the JSE Derivatives exchange

South African investors can trade two of the best-known IT names through the listing of single stock futures (SSFs) on Microsoft (www.microsoft.com) and Google (www.google.com) ...

Exchange news

East Africa’s new training institute will certify market practitioners

The curriculum of the Securities Industry Training Institute (SITI) has been launched in Kampala, Uganda.
SITI aims to standardize training on a wide range of ...

Exchange news

New DG for Nigeria’s Regulator

Another step has been taken towards the appointment of the new Director-General for Nigeria’s Securities and Exchange Commission. The Senate last week confirmed the appointment ...

Exchange news

Uganda opens alternative market for smaller firms

The Uganda Securities Exchange (www.use.or.ug) is seeking innovative steps to make its market more relevant to the development needs of the local economy by relaxing ...

Capital raising

Privatization of Nairobi Stock Exchange

Kenya is considering speeding up plans to privatize the Nairobi Stock Exchange (www.nse.co.ke), the biggest market in East Africa. The aim is initially that stockbrokers ...

Exchange news

Transaction costs slashed on Zimbabwe Stock Exchange

Zimbabwe’s 2010 budget includes slashing transaction costs on the Zimbabwe Stock Exchange (ZSE) by more than half, to 3.21% (buying 1.73%, selling 1.48%) from 7.5%, ...

Egypt

Tighter regulation for Egyptian markets

The recently formed Egyptian Financial Supervisory Authority (www.efsa.gov.eg) is tightening regulation for listed companies and other financial market intermediaries. It is working with the Egyptian ...

Exchange news

Africa’s securities exchanges to debate how to counter the crisis

The African Securities Exchanges Association (ASEA) is set to discuss "Global Crisis: Opportunities for African Capital Markets” within 2 weeks. The 13th ASEA conference will ...

Exchange news

Nigerian Stock Exchange seeks $33 mln for new software and Sierra Leone bourse

The Nigerian Stock Exchange is seeking some US$33 million in capital for its fifth software upgrade and also to help finance the Sierra Leone stock ...

Exchange news

Nigeria’s Securities and Exchange Commission calls in market operators

From 9 November, Nigeria’s Securities and Exchange Commission is to call stockbrokers and other market participants before its Administrative Proceedings Committee (APC). This is part ...

Exchange news

Africa driving secular economic change

Extracts from the keynote speech by US stockbroker Jonathan Auerbach at a joint conference between his company, Auerbach-Grayson & Company, Nedgroup Securities and Nedbank Capital ...