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news of african financial markets, capital markets development
Egypt

How good are Africa’s financial markets?

Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s …

Namibian Stock Exchange go live with Automated Trading System for bonds
Exchange news

Bond trading system for Namibian bonds

Bond trading in Namibia by banks and stockbrokers is expected to grow after the Namibian Stock Exchange (NSX) announced the successful “go-live” of a new …

Procurement of electronic trading system for fixed income securities market in West Africa
Cote d’Ivoire

WAEMU fixed income trading platform tender extended

The call for tenders for an electronic trading platform for fixed income securities in the West African Monetary Union (WAMU) has been extended until 31 …

Botswana Stock Exchange joins World Federation of Exchanges
Exchange news

Botswana Stock Exchange full member of WFE

Botswana Stock Exchange (BSE) says its admission as a full member of the World Federation of Exchanges (WFE), the global industry association of exchanges and …

BODIVA exchange first IPO
Capital raising

Banco BAI raised $94m in Angola’s first IPO

Equity trading has started on Angola’s BODIVA stock exchange eight years after it opened. The biggest private bank, Banco BAI, held an oversubscribed public offer …

Exchange news

London Stock Exchange bid to trade digital assets

The London Stock Exchange Group took a big step towards boosting its capacity for trading digital assets. LSEG announced on 22 February it had agreed …

Capital raising

MTN Uganda IPO doubles the Uganda Securities Exchange

CAPITAL-RAISING/ IPO NEWS – The Uganda Securities Exchange has more than doubled in size after the listing of telecommunications firm MTN Uganda on 6 December. …

Telco MTC Namibia lists shares on Namibia stock exchange after listing
Capital raising

MTC Namibia IPO results, listing on Namibian Stock Exchange 19 Nov

MTC Namibia to list on Namibian Stock Exchange on 19 Nov after successful share offer IPO of 299 million shares. Its Namibia’s biggest share offer and raised $162m for the government which may be used to create a sovereign wealth fund..

Capital raising

Will 17 Nov Ghana budget unblock flow for SOE listings?

Would-be investors are waiting for news from the technical committee working to prepare Ghanaian State-owned enterprises (SOEs) for share sales of their shares on the …

Exchange news

Zimbabwe companies to demerge for growth

A top tea producer could be the prodigal son returning to the Zimbabwe Stock Exchange after 14 years, if shareholders in Meikles Limited give the …

Exchange news

Zimbabwe exchange launches ZSE Direct trading

Thousands of Zimbabweans are using a digital trading platform ZSE Direct to buy and sell on the Zimbabwe Stock Exchange, and in the process boosting …

Capital raising

MTN IPO to boost Uganda stock exchange

MTN Uganda is set to transform the Ugandan capital market with the biggest initial public offering (IPO) since the Uganda Securities Exchange was launched. It …

Capital raising

MTC rings up Namibia’s biggest IPO, closing 1 Nov

IPO ALERT – Namibia is gearing up for its biggest initial public offering (IPO) when Government sells 49% of the leading telecommunications company MTC Namibia. …

Other Countries

LEI global identity to boost trade for African SMEs

The global initiative to give business entities worldwide a Legal Entity Identifier (LEI) is to roll out for African small and medium enterprises through innovative …

Exchange news

3 East African exchanges to link before year-end 2020

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 …

Exchange news

CIMERWA cement is Rwanda’s 10th listing

CIMERWA, the only integrated cement producer in Rwanda, is also helping build the capital market by providing the tenth listing on the Rwanda Stock Exchange. …

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

Zambia Forest lists on Lusaka Securities Exchange

Zambia Forestry and Forest Industries Corporation PLC today (12 February) brought welcome relief to the Lusaka Securities Exchange when it broke a 6-year listing drought. …

Capital raising

Seychelles MERJ Exchange IPO closes 28 Feb

The MERJ Exchange, the national securities exchange of Seychelles, has extended its $4 million initial public offer (IPO) to 28 February in the form of …

Capital raising

Helios Towers raised $364m in London IPO

Mobile telephone infrastructure company Helios Towers raised $364 million and listed on the London Stock Exchange yesterday 15 October. The stock HTWS launched at the …