International Development Secretary launches London Stock Exchange report – Hon Penny Mordaunt MP speech highlights Nearly a quarter of the companies led by women, almost …
London Stock Exchange Group has launched 5 reports on African capital markets, developed as part of its London Africa Advisory Group (LAAG) to put forward recommendations on developing African capital markets further to increase global investment flows.
The USA is creating a new International Development Finance Corporation with streamlined capacity for investment and doubling the investment cap to $60bn. IDFC will replace the Overseas Private Investment Corporation and draw together several other US investment initiatives.
Roundup of recent African share listing news including Old Mutual’s move back to Johannesburg, Grit Real Estate Income Group and ASA International microfinance debut on the London Stock Exchange debut, a green bond in Nigeria and the 9th listing on South Africa’s A2X Markets exchange.
Investors can use their smartphones to check share and bond portfolios and send orders to stockbrokers in Zimbabwe with an online and mobile trading platform called C-Trade from today (4 July).
Zimbabweans have a second option for regulated securities trading: Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a securities exchange (alternative trading platform).
Malawi Stock Exchange is set to go live with an automated trading system (ATS) by end May and 30 April is start date for dematerialization as shareholders move physical certificates onto the Reserve Bank of Malawi electronic Central Securities Depository.
Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa’s $124bn GEPF is the biggest but many other fast-growing African funds are also investing in infrastructure and private equity.
A round-up of recent African IPOs and other listings, many over-subscribed, shows demand and innovation – Namibia scored its first SPAC and Mauritius listed GDRs.
Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number 1, pushing South Africa to 2nd, while Nigeria and Algeria crashed out of the top 10. But African countries are still at the lower end of global performance as investment destinations.
Zimbabwe Stock exchange continues to soar, with gains of 9.3% yesterday (14 September) in its industrials index which closed at 379.95, up by 163% this year.