African exchanges link AELP demonstrates share trades
The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 …
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The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 …
A cross-border order-routing platform linking seven leading African securities exchanges has gone live today, 18 November. The African Exchanges Linkage Project (AELP) technology allows 33 …
Coca-Cola could aim for €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering (IPO) of shares before listing on Euronext …
Nairobi Securities Exchange launches day trading in shares today 22 November. The aim is to boost liquidity and trading activity on this leading African stock exchange.
Trading by foreign investors was picking up at Kenya’s Nairobi Securities Exchange last month, just as the NSE20 index of blue chip prices retreated. A …
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 …
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 …
Africa’s stock exchanges, regulators, central banks, stockbrokers and clearing systems are working together on the African Exchanges Linkage Project (AELP), set to create trading and …
Roundup of African share offers (IPOs) for investors, including CIPLA-QCI closing 24 Aug in Uganda, Giza Spinning and Weaving in Egypt and telco MTN listings in Uganda, Ghana and Nigeria.
There are 108 African companies listed or trading on the London Stock Exchange with total market capitalization of over $200 billion ($271bn). In the last 10 years they have raised more than $16 bn on London’s markets.
African capital markets are key to African development visions but governments must prioritize market finance structures over donor funding. There are $1trn of assets in pension, insurance and collective investment vehicles across sub-Saharan Africa, speech by Paul Muthaura, CMA Kenya.
Tomorrow (17 April) is the last day to register for the 7th Building African Financial Markets (BAFM) seminar with a top lineup to debate the future of Africa’s exchanges. It will be on 19-20 April and is organized by African Securities Exchanges Association and hosted by Nairobi Securities Exchange, Kenya.
Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa’s $124bn GEPF is the biggest but many other fast-growing African funds are also investing in infrastructure and private equity.
Investors have been snapping up Africa-focused IPOs of shares; future listings include a reported offer by Vivo Energy and AfriTin, Cytonn Investments and Hystead.
Leading emerging and frontier markets investment bank and stockbroker Exotix Capital continues to add senior hires in key African markets, adding to the strengthening of the team to harness increased investor interest in the world’s highest-growth economies.
Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number 1, pushing South Africa to 2nd, while Nigeria and Algeria crashed out of the top 10. But African countries are still at the lower end of global performance as investment destinations.
Hasnain Malik, Global Head of Equities Research at frontier markets investment bank Exotix Capital, comments: “Kenyatta’s provisional win will soothe those investors who feared a leftist shift in economic policy. But the most important issues are ahead of us: Does Odinga concede peacefully?”
Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.
Nigeria’s digital payments and payment card giant Interswitch Ltd could become Africa’s first tech “unicorn” or technology company valued at over $1 billion. Private equity firm Helios is aiming to exit.
Kenya’s National Treasury will float a KES5 billion ($48.6 million) M-Akiba 5-year infrastructure bond on 21 Oct which will only be purchased through mobile-phone platforms. The minimum investment will be KES3,000 ($29.13) . The bond works with M-Pesa mobile money solutions where 23m Kenyans have accounts.
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