Other Countries

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

Tullow Oil listing to double value of shares on Ghana Stock Exchange

Tullow Oil plc is to start trading on the Ghana Stock Exchange on 27 July after allocating 3,531,546 ordinary shares of 10p each in a ...

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 ...

Egypt

Egypt travel ban lifted on PE firm Citadel Capital chairman

Leading African private equity firm Citadel Capital said that Egypt's public prosecutor has lifted a travel ban imposed in April on its chairman Ahmed Heikal, ...

Capital raising

Does China push out private equity in Africa?

Interesting article in today's FT Tilt on whether China's model of cheap loans backing Chinese construction squeezes out private equity. The author suggests there could ...

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 ...

Capital raising

Rwanda’s bubbling brewer – profits soar 63%

Rwanda's biggest brewer, Brasseries et Limonaderies du Rwanda (BRALIRWA), says post-tax profit leapt by 62.8% in 2010, driven by increased sales, higher pricing and improved ...

Capital raising

Rwanda Government to raise $42 mn by selling shares in Bank of Kigali and MTN

The Rwandan Government plans to raise Rwf25 billion ($42.2 million) through the sale of its shares in Bank of Kigali Ltd and telecom company MTN ...

Other Countries

Senegal bond ratings comparisons with similar maturity bonds

Senegal bond compared to other African bonds and emerging markets bonds.

Other Countries

Senegal’s $500m Eurobond offers good yield

Senegal has successfully re-priced its yield curve by issuing a more liquid 10-year $500 million Eurobond carrying a coupon of 8.75%. The bond was priced ...

Cote d’Ivoire

BRVM bourse comes home from 16 May

West Africa’s Bourse Regionale des Valeurs Mobilieres BRVM regional stock exchange is to move trading operations back to Cote d'Ivoire next Monday (16 May), after ...

Other Countries

Afreximbank has $100 mln to boost Zimbabwe businesses

The African Export-Import Bank has created a US$100 million facility to recapitalise Zimbabwean companies. Four local institutions are ready to disburse $70 mn.

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.

Other Countries

Vital impact PE fund raises $250 m and invests in Angolan housing

A private equity fund that does "impact investing" in housing, agriculture, education and health says it has raised more than $250 million for its first ...

Exchange news

East Africa monetary union by 2012?

The East African Monetary Union is supposed to be effective from 2012. Senior officials including central bank governors, capital markets authorities, insurance and pensions regulatory ...

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 ...

Exchange news

Rwanda Chair calls for integrated East African capital market

Dr James Ndahiro, Chairperson of the Rwanda Stock Exchange, said East African countries should form a single stock market by 2015.

Exchange news

JSE Africa Board launches advisory committee to boost appeal

The JSE securities exchange has appointed an advisory committee to boost its JSE Africa Board to achieve its mission and attracet dual listings to a ...

Funds

Brainworks fund links indigenization and private equity in Zimbabwe

Zimbabwean private equity firm Brainworks Capital Management has reportedly launched a $20 million fund targeting Zimbabwe’s agriculture, financial services, mining and telecommunications sectors, according to ...

Exchange news

Tunisian and Egyptian regulators freeze securities trading pending investigation

Tunisian regulator Conseil de Marche Financier ordered stockbrokers not to allow 123 companies to trade securities as part of investigations into extensive holdings by the ...