Exchange news

Egypt

AELP Link order platform to boost trading between African exchanges

The African Securities Exchanges Association (ASEA) has signed a contract on 30 July to procure an order-routing system to link stockbrokers on seven of Africa’s ...

Ethiopia

Ethiopia’s draft capital markets bill

One of Africa’s biggest economies is taking a step closer to establishing a capital market to allocate capital more efficiently. The National Bank of Ethiopia ...

Exchange news

3 East African exchanges to link before year-end 2020

Market integration across 3 East African securities exchanges is moving fast with a target of being live and online by 31 December 2020. According to ...

Exchange news

CIMERWA cement is Rwanda’s 10th listing

CIMERWA, the only integrated cement producer in Rwanda, is also helping build the capital market by providing the tenth listing on the Rwanda Stock Exchange. ...

Capital raising

Africa’s top telco towers firm seeks $7bn US listing

A telecoms firm launched in Lagos is set to be Africa’s biggest listing in the United States with a suggested $7bn valuation. IHS Holding Ltd, ...

Exchange news

Fund managers seek good governance

Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey ...

Capital raising

Zambia Forest lists on Lusaka Securities Exchange

Zambia Forestry and Forest Industries Corporation PLC today (12 February) brought welcome relief to the Lusaka Securities Exchange when it broke a 6-year listing drought. ...

Capital raising

Nigerian Stock Exchange launches SME Board

Dynamic Nigerian entrepreneurs are in focus after the Nigerian Stock Exchange launched a growth board for fast-growing small and medium enterprises (SMEs) to help  businesses ...

Exchange news

SEC Nigeria clears Nigerian Stock Exchange demutualization

Next step in the long demutulization of Nigerian Stock Exchange will be a court ordered meeting and an extraordinary general meeting. The demutualization is set ...

Capital raising

Seychelles MERJ Exchange IPO closes 28 Feb

The MERJ Exchange, the national securities exchange of Seychelles, has extended its $4 million initial public offer (IPO) to 28 February in the form of ...

Exchange news

African exchanges link sets 2021 start date

Seven of Africa’s largest securities exchanges are set to have an active link by the first quarter of 2021, according to an article on Bloomberg.com ...

Capital raising

Helios Towers raised $364m in London IPO

Mobile telephone infrastructure company Helios Towers raised $364 million and listed on the London Stock Exchange yesterday 15 October. The stock HTWS launched at the ...

Capital raising

$1.8bn Helios Towers closing London IPO on 14 Oct

Africa’s next mega-listing on the London Stock Exchange is an African company that operates 7,000 towers in the mobile telecommunications sector that continues to show ...

Exchange news

Naspers gives Europe its biggest consumer tech listing

Naspers has pulled off a dramatic restructuring of its holdings to unlock value after the successful listing of Prosus on Euronext Amsterdam stock exchange and ...

Exchange news

Executive pleads guilty as collapse of $14bn Abraaj hits PE flows into Africa

The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner ...

Exchange news

Warning about “less orthodox” private equity debts

Private equity fund managers (general partners or GPs) are using money promised by investors (limited partners or LPs) as security to borrow from banks. The ...

Exchange news

Nairobi opens second derivatives market in sub-Saharan Africa

The Nairobi Securities Exchange says the first trades on its new derivatives market NEXT went smoothly on 4 July, according to media reports. The NEXT ...

Capital raising

Africa issuers raised $341m in 6 months, down 28%

Enterprises based in Africa raised $341 million through equity issues in the first half of 2019, down 28% on the $472m raised in the first ...

Capital raising

Weak reception for Airtel Africa $750m IPO

Shares in Africa’s second biggest telecom company had a disappointing start in conditional trading on the London Stock Exchange today. The initial public offer had ...

Capital raising

Bumpy ride when African tech unicorn Jumia comes to NYSE

Investors in Africa’s technology unicorn company Jumia have had a bucking bronco ride since it listed American Depository Receipts (ADRs, representing shares) on the New ...