Kenya

Cote d’Ivoire

Top performances for USD investors at Africa’s stock exchanges

Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the ...

Capital raising

Citadel Capital’s Rift Valley Railway opens Uganda-S Sudan trade after 20 years

Rift Valley Railways (RVR), a platform company of Egypt's Citadel Capital, has repaired 500 kilometers of track between Tororo in Eastern Uganda and Gulu in ...

Kenya

Sub-Saharan African sovereigns outside SA to raise $7bn in fixed income

African countries (apart from South Africa) are set to place $7 billion of debt this year, buoyed by low interest rates and a huge global ...

Kenya

Calvert Foundation says all investors set to include impact investments in portfolios

A major shift is coming in which investors, individual and institutional, will commit at least a portion of their investable assets to social impact and ...

Capital raising

Jacana merges with InReturn Capital, launches $75m private equity fund for SMEs

Entrepreneurs running small and medium-enterprises (SMEs) in West and East Africa stand to benefit from a new $75m private equity fund. The announcement follows the ...

Capital raising

Nairobi Securities Exchange launches growth board for SMEs

This week the Nairobi Securities Exchange (NSE) has joined the rush into providing boards for small and medium enterprises (SMEs) with the launch on 22 ...

Exchange news

Kenya steps up corporate governance

Kenya is stepping up corporate governance and the Capital Markets Authority has appointed a 9-member Capital Markets Corporate Governance Committee.

Capital raising

Rise of pension giants set to transform investment in Africa

New giants are arising in African investments – the domestic pension funds. Several countries have funds worth billions of US dollars and in many they ...

Exchange news

Kenya’s CMA regulator pushes capital markets development plan

Kenya’s Capital Markets Authority (CMA) is pushing the development of the capital market through today’s (16 Oct) launch of a 16-member steering committee to formulate ...

Funds

Africa’s best real estate developer is private equity group Actis

Leading African private equity group Actis has won the title for “Best Developer in Africa” in the 8th annual global Euromoney Real Estate Survey run ...

Kenya

Rerating of emerging and frontier markets debt risks will boost issues

World investors and debt-rating agencies should rethink criteria for evaluating political and other risk. “Risk is up for developed markets (DM) and down for Emerging ...

Capital raising

Uganda’s power distributor Umeme says it plans Nairobi and Uganda IPOs this year

Uganda’s only power distributor, Umeme, said it plans to raise capital to invest in Uganda’s electricity sector through an initial public offering (IPO) on the ...

Exchange news

Kenya licences first ethical Islamic finance fund

Kenya has licensed its first ethical fund, an Islamic fund issued by FCB Capital, a sharia-compliant investment bank, and aims to become the centre of ...

Exchange news

First global company lists on Stock Exchange of Mauritius

The first offshore company was approved to be listed for trading on the Stock Exchange of Mauritius. Evisa Investments Ltd, which has invested in Kenyan ...

Capital raising

East African investors opening accounts at Nairobi Stock Exchange

The number of investors from other East African countries opening trading accounts at Kenya’s Nairobi Stock Exchange is still very small, but has grown more ...

Exchange news

FTSE Group working on Pan-Africa index with African Securities Exchanges Association

FTSE has launched a FTSE-ASEA index with the African Securities Exchanges Association, which will help to unlock Africa an investment for larger portfolio investors. The ...

Funds

Aureos Africa Health Fund invests $2.5m in Kenya healthcare

Aureos Africa Health Fund invested $2.5 million in a Kenyan hospital and health insurance company, the Avenue Group, which offers affordable healthcare cover, integrated ...

Exchange news

Is lack of liquidity driving African issuers to list on London Stock Exchange and others?

Reuters newsagency has put together stories on issuers' and investors' difficulties with African stock markets. These include lack of liquidity and sinking currencies. It ...

Funds

InReturn Capital invests in Kenya’s Eagle Eye Laser Centre

East African venture capital firm InReturn Capital has entered a partnership with Hurlingham Eye Care Services group (HECS). InReturn Capital is an impact investing company ...

Capital raising

Mobius remains bullish on Nairobi Securities Exchange, says FT

Mark Mobius, veteran emerging markets investor and head of Templeton Emerging Markets, is bullish about the Nairobi Securities Exchange (NSE), although it is the worst-performing ...