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.
A bill to regulate the capital markets and collective investment schemes was tabled in the Rwandan Parliament last week.
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.
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.
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.
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.
The brightest and best of Africa’s capital markets were highlighted in New York on 21 September at an awards dinner.
The winners of the Africa investor Index Series Awards
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.
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.
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 …
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.
Absa Capital wants to dual list its NewGold Gold Bullion Debentures Exchange Traded Fund on the Botswana Stock Exchange (BSE).
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 …
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.
The JSE Ltd has three more countries in its first year programme, building links with leading issuers, regulators, brokers and African exchanges.
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 …
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 …
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 …
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 …
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