Other Countries

Other Countries

IFC invests in bank to bring home mortgages to Burkina Faso

The International Finance Corporation has signed an agreement to invest up to $0.6 million in Banque de l’Habitat du Burkina Faso and will also provide ...

Cote d’Ivoire

BRVM flees war and restarts trading from Mali

West Africa’s regional stock market the Bourse Regionale des Valeurs Mobilieres (BRVM) has started trading from a new base in Bamako, Mali, after leaving Cote ...

Egypt

Giant growth foreseen for African stock exchanges over 10 years

African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and ...

Capital raising

IFC invests $10 mn in East Africa’s Catalyst I private equity fund

IFC on 8 March announced it was investing $10 million in equity in Catalyst Fund I LLC. The fund aims to stimulate employment and accelerate ...

Exchange news

Uganda Securities Exchange extends trading to 5 days

The Uganda Securities Exchange has today (7 March) extended its trading to 5 days a week, up from 3 days. USE Chief Executive Joseph Kitamirike ...

Exchange news

Fitch gives Zambia B+, clears path for Eurobond

Fitch Ratings agency has given Zambia a “B+” rating on long-term foreign and local currency, with a stable outlook, which could pave the way for ...

Capital raising

Listing of Tunisie Telecom cancelled

Tunisie Telecom has cancelled plans for a joint initial public offering on the Paris and Tunis stock exchanges after consultations with trade unions following several ...

Funds

Private equity firms invest $79 mn in telecoms towers

Leading international private equity firms are investing $79 million to build and acquire mobile phone towers in sub-Saharan Africa. Investec Asset Management, the International Finance ...

Exchange news

London and Johannesburg stock exchanges migrate to Millennium Exchange system

The main trading platform of the London Stock Exchange was successfully switched from the previous system yesterday (14 Feb) to the Millennium Exchange computer system. ...

Capital raising

Rwanda Stock Exchange opens with brewery IPO

Africa’s newest stock exchange is the Rwanda Stock Exchange (RSE), launched on 31 Jan to start trading the shares of brewer Brasseries et Limonaderies du ...

Exchange news

Zimbabwe launches COMEZ Commodities Exchange

The new Commodities Exchange of Zimbabwe (COMEZ) opened on 14 January, but no date is set to start trading. The exchange would be managed by ...

Exchange news

Zimbabwe Minister “blocks” Duration gold miner’s Toronto SE listing

According to media reports, Zimbabwe’s Indigenization Minister Saviour Kasukuwere is declining to give permission for leading gold miner Duration Gold to raise US$7 mn by ...

Capital raising

Algiers Stock Exchange: Results of Alliance Assurances IPO offer

Results have recently been released of the share offer of insurance company Alliance Assurances on the Algiers Stock Exchange. The share offer was open from ...

Exchange news

What’s Up on Zimbabwe Stock Exchange?

Extracts from interviews with the CEO of the ZSE, Emmanuel Munyukwi, and the CEO of the Securities and Exchange Commission, Alban Chirume and other market ...

Capital raising

Tunisie Telecom aims to list on Tunis and Paris stock exchanges

Tunisie Telecom has announced the first stage of registration with the aim of listing on the Tunisian stock exchange Bourse de Tunis and NYSE Euronext ...

Capital raising

Jacana partners with Ghana’s Fidelity Capital Partners private equity manager

Jacana, a UK-based group that supports emerging SME private equity firms in Africa, has launched its second investment, a strategic partnership with Ghanaian fund manager ...

Exchange news

East Africa securities training for thousands

The International Finance Corporation and East Africa’s Securities Industry Training Institute (SITI), based at the Uganda Securities Exchange have signed an agreement to broaden training ...

Other Countries

PTA Bank bond got $650 million vs $300 million target

The eurobond recently issued by PTA Bank attracted bids for $650 million compared to a target of $300 million, according to a report in Kenya’s ...

Exchange news

Zimbabwe Stock Exchange prospects better for 2011, reported in businessdigest

Two economists talk to Business Digest about prospects for the Zimbabwe Stock Exchange, which they say are better for 2011 as the economy is expected ...

Exchange news

Crocodile company swims onto Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange snapped up its first new listing since 2007 on 29 November when Padenga Holdings Limited was admitted as the 77th ...