Exchange news

Capital raising

BRVM securities exchange strategy dialogue with US frontier funds

In New York 30 US frontier investors, stockbrokers and market specialists joined Edoh Kossi Amenounve, CEO of the West African regional exchange BRVM, to give their inputs to strategy development for the fast-growing stock market.

Exchange news

DFIs hunt long-term gains in African financial services

Development finance institutions (DFIs) have made $6.5bn of investments in African financial institutions. They see long-term opportunities for gains and to catalyze development.

Exchange news

First graduate course for capital markets professionals

Capital markets practitioners across Africa benefit from a graduate-level programme launched 3 May by the IFC, Milken Institute and George Washington University.

Capital raising

Dar es Salaam Stock Exchange readies for $3.4m IPO and self-listing

The Dar es Salaam Stock Exchange Plc will launch its initial public offer soon, after completing the demutualization. The Capital Markets and Securities Authority, said the bourse can raise TZS 7.5 billion ($3.4 million) by issuing 15 million ordinary shares at TZS 500 each.

Exchange news

IFC raises N$180m bond in Namibia

The International Finance Corporation continues its programme of helping develop African debt markets by launching the first bond by a non-resident issuer in Namibia. It raised NAD 180 million (about $12m) which it will use for private sector development.

Exchange news

Sudan’s Khartoum Stock Exchange launches electronic trading system

Sudan’s Khartoum Stock Exchange inaugurated its electronic trading system on 24 March, which is funded by the African Development Bank.

Exchange news

New bourse for African beef commodities

A new exchange will trade southern and eastern Africa’s agricultural commodities. African Beef Exchange, headquartered in Gaborone, Botswana, brings together trading of a wide range of cattle and cattle products.

Exchange news

Building African Financial Markets seminar

The 5th Building African Financial Markets (BAFM) capacity-building seminar is coming to the Nigerian Stock Exchange Event Centre in Lagos on 28-29 April, organized with the African Securities Exchanges Association.

Exchange news

Exchange trends from World Exchange Congress 2016

Back to the “coffee shops” – exchanges’ new roles in information, bringing together market participants. Trend highlights today at the World Exchanges Congress 2016.

Capital raising

Africa set for $3.1bn boom in IPOs

Law firm Baker & McKenzie forecasts that African initial public offers (IPOs) of shares will raise over $3.1 billion in 2016 with 15 IPOs in the pipeline.

Exchange news

Global community heading to World Exchange Congress 22-23 March

Momentum building ahead of the key event for the stock exchange community, the World Exchanges Congress, now in its 11th year and back in central London from 22-23 March.

Exchange news

JSE Clear gets approval from European regulator ESMA

The JSE-owned derivative central counterparty (CCP) JSE Clear has been recognized by the European Securities and Markets Authority (ESMA).

Exchange news

NAMFISA becomes IOSCO associate member

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has been accepted as an associate member of the International Organization of Securities Commissions (IOSCO).

Capital raising

Funding for African tech start-ups was $186m in 2015

Funding for start-up companies in the technology space was nearly $185.8 million in 2015, according to research by website portal isrupt Africa. More growth is expected in 2016.

Capital raising

Rwanda Stock Exchange expects 3 share offers (IPOs)

The Rwanda Stock Exchange is expecting 3 IPOs in the coming months, to bring the equities listed for trading to 10.

Exchange news

African securities exchanges returns 2015 for USD investors

USD-based investors had a hard year in Africa in 2015. Out of all the African markets which list returns in USD, only the regional market Bourse Régionale des Valeurs Mobilières SA (BRVM) had a positive return, with a 6% gain over the year to 31 Dec 2015

Capital raising

Mwalimu Bank shares soar as Dar es Salaam enterprise market gains momentum

The Enterprise Growth Market for small and medium size businesses is picking up momentum on the Dar es Salaam Stock Exchange and Mwalimu Commercial Bank Plc was the fourth listing on 27 November.

Exchange news

South Africa – politics affects the market, damaging savings and jobs

On 13 Dec the Johannesburg Stock Exchange JSE spelled out how the sacking of South Africa finance minister Nhlanhla Nene and market reactions to political moves had affected people’s savings, jobs and hopes in the previous 4 days.

Events

Local bond markets to fore at AfDB workshop

African Development Bank’s African Financial Markets Initiative (AFMI) is discussing local-currency bond markets this week in Johannesburg with over 30 countries present to discuss domestic institutional investors and a key African bond index.

Exchange news

African securities exchanges and their role in the future

Opening remarks of Oscar Onyema, CEO of Nigerian Stock Exchange and President of African Securities Exchanges Association’s at the 2015 conference, hosted by Johannesburg Stock Exchange (JSE).