Other Countries

Other Countries

More appetite for African bonds in 2012

2012 could be an active year for African bonds and particularly eurobonds, judging by the 5.5 times oversubscription for the Namibia's debut $500 million, 10-year ...

Other Countries

Namibia’s first US$500m Eurobond

The Namibian government issued a debut US$500 million, 10-year Eurobond on 27 October and got a price of 5.75%, taking advantage of a lull in ...

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

Bigger role for African Development Bank, considering move back to Cote d’Ivoire

The African Development Bank is playing its role in Africa with skill and is getting more backing from its principal shareholders because of its successes ...

Exchange news

BRICS stock exchanges form alliance

The securities exchanges of the “BRICS” emerging market bloc have announced a joint initiative to expose investors to the dynamic economies of the bloc members, ...

Exchange news

Broker supplies clients with faster African investor relations (IR) data

Another step forward for Africa-based investor relations (IR) specialist Rob Stangroom. He announced that Zimbabwe-based stockbroker Lynton Edwards Securities is using data direct from corporate ...

Capital raising

Precision Air IPO launches tomorrow in Tanzania

The Initial Public Offering (IPO) of 58,841,750 shares at TSh 475 (US$ 28 cents) each in Tanzania’s Precision Air Services is set to start on ...

Exchange news

Rencap bidding to take over Zimbabwe stockbroker?

Media report that Renaissance Capital (RenCap), a unit of Russian investment bank Renaissance Group, is drawing closer to a takeover of one of Zimbabwe's largest ...

Capital raising

Ethiopia plans more bonds for $4.7bn hydropower dam

Ethiopia has raised Birr 7 billion ($408 million) of debt to finance the $4.8 bn Grand Ethiopian Renaissance Dam on the Blue Nile River, and ...

Other Countries

Chinese hunt Africa mine bargains

FT Tilt highlights a swift move by state-backed Chinese company Minmetals Resources (MMR) to acquire upstream mining assets, offering $1.25bn for Toronto-listed Anvil Mining. It ...

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

Bank of Kigali IPO lifts Rwanda Stock Exchange: 52% gain on first day

Interest in share offers is high on the Rwanda Stock Exchange, after shares of Bank of Kigali (BK) rose 52% to RWF190 in their first ...

Exchange news

Electronic trading and central securities depository coming for Zimbabwe?

A company has been engaged to switch the Zimbabwe Stock Exchange to electronic trading and Cabinet has discussed this and setting up a Central Securities ...

Funds

Emerging markets private equity soars, but little cash for Africa

Fund-raising for sub-Saharan African private equity funds was $1.056 billion in January to June 2011, down 5% from $1.11 bn in the first half of ...

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

SANAD Fund to target SMEs in North Africa and Middle East

Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD ...

Capital raising

Tunis Stock Exchange seeks to support growth

The Bourse des Valeurs Mobilières de Tunis (BVMT - Tunis Stock Exchange), aims to support role in faster economic growth and has a 5-point development ...

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 ...

Exchange news

Rencap appoints Yvonne Ike as new CEO West Africa

Leading emerging markets investment bank Renaissance Capital has appointed Yvonne Ike as its Chief Executive Officer, West Africa. She will be based in Lagos.

Capital raising

Berbera Port-China deal – change in the Horn?

Somaliland media sources and other rumours have suggested (12 Aug) that a deal on Somaliland’s Berbera port is imminent with China and Ethiopia.