Other Countries

Other Countries

Rwanda Investment Group postpones $40 mln bond for cement

Rwanda Investment Group S.A. has temporarily suspended plans to issue a bond with a value of RWF 23.1 billion (US$40 million) to RWF 28.9 bln ...

Funds

Progress of the $5bn equity China-Africa Development Fund

The flagship of Chinese equity investment into Africa, the $1 billion China-Africa Development Fund, opened a branch in Addis Ababa on 30 March. Initial financing ...

Exchange news

Somali pirates stock exchange finances sea ventures

Inside the Somali pirates stock exchange, where their voyages are financed (and missing pirates mourned). An interesting story by Reuters.

Other Countries

Angola cuts back on May $4 bln bond

Angola has cut back its plans to raise as much as $4 billion in a sale of bonds without credit ratings, according to a report ...

Capital raising

Rwanda makes $130 mln from privatisations

The sale of 56 enterprises has made at least Rwf 75 billion (US$131 million) for the Government of Rwanda, according to a report in the ...

Funds

Angola’s first private equity fund raises $28 mln

Angola’s first private equity fund has raised US$28 million in capital in its first closing, in an important step forward for the country’s capital markets. ...

Exchange news

Angolan Stock Exchange “in next 12 months”

All the frameworks are in place for an Angolan stock exchange, and a first listing and official launch could be expected in the current year, ...

Exchange news

COSSE’s hub and spoke model

Sunil Benimadhu, Chief Executive Officer of the Stock Exchange of Mauritius: We have had lots of discussion on how to link different markets. Lots of ...

Exchange news

Angolan stock market within 12 months

Eduardo Vieira, President of Angolan stockbroker Novacao Corretora de Valores As the former minister has said, we strongly anticipate that there will be a stock ...

Capital raising

Results of Uganda’s NIC privatisation share offer

Uganda's National Insurance Corporation (www.nic.co.ug), was oversubscribed after Uganda Shilling (UGX) 9.5 billion (US$4.6 million came in applications when Government offered its remaining 40% stake ...

Exchange news

Botswana finished $722 mln bonds issuance

The Government of Botswana has ended its P5 billion (US$722 million) bond issuance programme with an oversubscribed auction by the Bank of Botswana last Friday, ...

Exchange news

Wilderness Safaris public offer aims for BSE and JSE Africa Board

Conservation tourism pioneer Wilderness Safaris is aiming for a primary listing on the Botswana Stock Exchange (www.bse.co.bw) and a simultaneous secondary listing on the Johannesburg ...

Exchange news

Imara Holdings on expansion path

Imara Holdings Ltd, an investment banking and asset management group with operations in 10 countries mostly in southern Africa, aims to expand in Zimbabwe, according ...

Exchange news

Uganda central securities depository went “live”

The Uganda Securities Exchange (www.use.or.ug) was set to open the Securities Central Depositary at on 18 February, according to local news.

Exchange news

Uganda insurance listing closes 5 February

The closure today (5 February at 5pm local time) of the share offer of Uganda’s National Insurance Corporation Limited (www.nic.co.ug) is likely to result in ...

Exchange news

New CEO for Dar Es Salaam stock exchange

A new CEO started work at the Dar es Salaam Stock Exchange (www.dse.co.tz) and share prices surged in the following days, although market participants denied ...

Capital raising

Big plans for Rwanda capital market, including first local public offer

The Rwandan capital markets are set for growth in 2010, including plans for a first local initial public offer (IPO) and developing the Rwandan stock ...

Exchange news

More activity on Zim SE after trading charges slashed

There is more trading on the Zimbabwe Stock Exchange after transaction costs were reduced, effective 10 January

Funds

Boost for $55 mln E African start-up/SME fund

A new fund is making good progress in raising up to US$55 million to be invested in business start-ups and small and medium enterprises in ...

Exchange news

Zimbabwe SE seeks to restore IFRS compliance by listed companies

The Zimbabwe Stock Exchange is seeking to reinforce International Financial Reporting Standards again on its listed companies. Many had stopped using the standards in runaway ...