Other Countries

MTN telco outlet in Uganda
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, coming this month

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 …

Capital raising

$1.8bn Helios Towers closing London IPO on 14 Oct

Africa’s next mega-listing on the London Stock Exchange is an African company that operates 7,000 towers in the mobile telecommunications sector that continues to show …

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

Bumpy ride when African tech unicorn Jumia comes to NYSE

Investors in Africa’s technology unicorn company Jumia have had a bucking bronco ride since it listed American Depository Receipts (ADRs, representing shares) on the New …

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 …

Other Countries

UK boosts African tax collection

“For every £1 spent on operating costs an additional £100 is returned in tax revenues” is the claim for results achieved on a programme to …

Capital raising

IPO report 2 – African companies raised $2.2bn in 2018

Africa-focused companies raised $2.17 billion via 18 share offers (IPO) and listings in 2018, but the number is down 25% from $2.89bn raised in 2017 …

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 …

Capital raising

IPO report – Airtel Africa looking for $1.25bn in 2019

++ STORY UPDATED AFTER ARTICLE IN SUNDAY TELEGRAPH IN UK ON 3 FEB 2019 ++ Airtel Africa, a UK-based company, is on track for an …

Exchange news

Africans inspiring London Stock Exchange

The London Stock Exchange Group launched the 2nd edition of its Companies to Inspire Africa Report, on Wed 16 Jan, identifying dynamic growth businesses in …

Exchange news

Companies to Inspire Africa 2019 report in numbers:

The report identifies 360 companies from 32 countries representing 7 major sectors. It highlights the entrepreneurial and dynamic landscape of the African private sector. Companies …