Kenya

Kenya

Kenya’s Capital Markets Authority regulator proposes corporate governance law

Kenya’s Capital Markets Authority has drafted proposals on corporate governance and is waiting for approval so they can be gazetted and become law.

Egypt

Silk Invest says Egypt elections will be turning point

Mark Voss of fund manager Silk Invest foresees a turning point for the Egyptian market in a recent note. He also notes growth in Tunisia, ...

Capital raising

Kenyan IPO only 60% subscribed but regional plans go ahead

Kenyan financial services firm British-American Investments Company Ltd. said on 23 August that its initial public offering (IPO) had only attracted 60.09% of the targeted ...

Capital raising

Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing

The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air ...

Capital raising

Private equity and lenders hop aboard $287m Kenya-Uganda railway

The International Finance Corporation and 6 leading international finance institutions provided $164 million in financing to Rift Valley Railways International to rehabilitate the Kenya-Uganda railway ...

Capital raising

British American Investment launches Kenya IPO

British American Investment Company (Kenya) Ltd launched its initial public offer (IPO) this week. It aims to raise KES 5.58 billion (US$62.2 million) for ...

Capital raising

Kenya’s Transcentury private equity firm to list on Nairobi SE

Kenyan private equity firm TransCentury is to list through introduction at the Nairobi Stock Exchange on 14 July at a price of KES50 (USD0.58) a ...

Kenya

Indian telco to leave E African market – cites slow Govt approvals

Indian steel-to-outsourcing conglomerate Essar has cancelled deals to buy telecoms operators in Uganda and Congo and is to sell its Kenyan operations, under the Yu ...

Exchange news

Wind of change blows world markets, African stock exchanges unruffled

I have the honour to be published on the opinions section of the Royal African Society website and the article can be seen along with ...

Exchange news

Nairobi Stock Exchange and FTSE work on new market indices

The Nairobi Stock Exchange and FTSE International are to create new FTSE/NSE share and bond indices. These could be marketed to international investors.

Funds

Mobius blogs on why he likes Africa

From the blog of Mark Mobius of Templeton Investments: "While Africa does have challenges, I am encouraged by another side of Africa that is gradually ...

Egypt

Giant growth foreseen for African stock exchanges over 10 years

African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and ...

Exchange news

Nairobi SE broker backoffice system to support online share trading

The Nairobi Stock Exchange has bought a new broker back office (BBO) system which it hopes will boost liquidity and attract listings, including offering online ...

Capital raising

IFC invests $10 mn in East Africa’s Catalyst I private equity fund

IFC on 8 March announced it was investing $10 million in equity in Catalyst Fund I LLC. The fund aims to stimulate employment and accelerate ...

Kenya

Automated trading systems bring Nairobi SE to desktops, Internet and mobiles

Kenya’s stockbrokers and investment banks are moving fast to automated systems. They say that the future of stock trading is going to be via the ...

Exchange news

East Africa securities training for thousands

The International Finance Corporation and East Africa’s Securities Industry Training Institute (SITI), based at the Uganda Securities Exchange have signed an agreement to broaden training ...

Exchange news

Kenya regulator cuts bond charges, banks still push for bond OTC market

Kenya’s Capital Markets Authority has cut the cost of trading bonds from 0.04% per cent (KSh400 for every KSh1 million transacted) to 0.035% (KSh350 for ...

Kenya

Safaricom offers $56 million bond

Telecoms giant Safaricom Ltd., a mobile phone company that is the biggest listing by market capitalization on the Nairobi Stock Exchange, is selling KSh 4.49 ...

Kenya

PTA Bank launched $300 million eurobond

PTA Bank, a multilateral financial institution based in Nairobi, successfully launched a US$300 million Eurobond in November. According to a press release from Standard Bank, ...

Exchange news

Nation Media Group in Rwanda cross listing, new market tax incentives

Kenya’s Nation Media Group has cross-listed its shares at the Rwanda Over-The -Counter (ROTC) market on 2 November