Nigeria

signs on the front of the NGX stock exchange building. Market soars as investors chase share price gains of Nigeria's economic reforms
Exchange news

NGX stock exchange soars after listing – on itself

Nigerian Exchange Group Plc has had an excellent start to trading its shares on its own securities exchange after listing by introduction on 15 October ...

Capital raising

Mobile phone towers valued at $7bn in New York

IHS Holding Ltd (ticker IHS:US), holding company of the biggest independent operator of mobile phone towers in Africa, scored a $7 billion valuation in its ...

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 ...

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, ...

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

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

Airtel Africa confirms June $750m listing in London

Airtel Africa has confirmed that it is going ahead in June 2019 with its $750 million listing on the main market of the London Stock ...

Capital raising

MTN Nigeria shares soaring after $5bn listing

Telecommunications firm MTN Nigeria has had strong days of trading since it joined the Nigerian Stock Exchange in a listing by introduction on 16 May. ...

Cote d’Ivoire

Work starts on African exchanges linkage project

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 ...

Egypt

Africa’s eurobond outlook 2019

A good overview of Africa’s  $92bn eurobond market, with a summary of 2018 and 5 key themes for 2019, written by Gregory Smith, Director and ...

Exchange news

SEC Nigeria leads FSD Africa programme to boost capital markets regulators

Funding organization FSD Africa is launching a 3-year programme to improve skills of Africa’s capital market regulators. The Securities and Exchange Commission SEC Nigeria is ...

Capital raising

Some African IPOs – August 2018

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 ...

Capital raising

Africa-focused Vivo Energy soars after £548m IPO on London SE

Africa’s £1.98 billion ($2.68bn) megalisting Vivo Energy (VVO) soared in its first 2 days of trading on the London Stock Exchange (dual-listed in Johannesburg ) ...

Burundi to use LSEG technology to power its financial market. Photo shows aerial view of London square with London Stock Exchange building on the right
Capital raising

London Stock Exchange financing African growth

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 ...

Cote d’Ivoire

Sub-Saharan Africa investment banking deals in Q1

Mergers and acquisitions (M&A) in sub-Saharan Africa in Q1 of 2018 at $4.7 billion were 63% down on a year earlier, according to investment banking ...

Exchange news

More hires at leading Africa and frontier investment bank Exotix Capital

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 ...

Cote d’Ivoire

Egypt is Africa’s new #1 investment destination

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 ...

Exchange news

Nigerian Stock Exchange’s new Nasdaq market surveillance

The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.