Other Countries

Exchange news

Rwanda Stock Exchange closer to Nasdaq X-stream automated trading

Rwanda Stock Exchange says it is close to an Automated Trading System using technology from Nasdaq OMX and will link to the National Bank's central ...

Exchange news

East African securities exchange integration – what’s on in 2015

Securities exchanges in East Africa are working together on infrastructure for tighter cooperation and links between Rwanda, Kenya, Uganda and Tanzania and potentially Burundi through ...

Capital raising

$1.4bn petroleum pipeline proposed for Ethiopia

Private companies have proposed to the Ethiopian and Djibouti governments a $1.4 billion pipeline to bring petroleum to a distribution centre in Awash, Ethiopia. It ...

Exchange news

4 priorities from new head of African stock exchanges

The new President of the African Securities Exchanges Association (ASEA) put forward 4 strategic objectives for the member bourses. Oscar Onyema, CEO of the Nigerian ...

Capital raising

9 reasons Africa tops investment agendas

9 reasons Africa tops investors' agenda, Eddy Njoroge told African Securities Exchanges Association, include: economy to rise from $1.1trn to $3.9trn in 5 years, the ...

Capital raising

Ethiopia’s $865m rail finance part of $15bn rail projects

The Ethiopian Government recently closed a $865m financing package to fund part of the development of the country's giant new railway infrastructure, with 5,060km of ...

Capital raising

Tanzania’s $10bn China-funded port will start in 2015

China is to build a huge new port and special economic zone in Tanzania worth at least $10 billion. Construction is due to start on ...

Exchange news

JSE launches futures trading for 3 African currencies

South Africa’s JSE launches 3 new currency future instruments which are the first to track exchange rate between the rand (ZAR) and Nigeria’s Naira (NGN), ...

Exchange news

Direct market access links West Africa securities exchanges

The framework for linking West African securities exchanges starts with direct market access (DMA). A stockbroker on one West African exchange can transact on the ...

Capital raising

Ethiopia lures manufacturing with cheap power and labour costs a tenth of China’s

Low-cost manufacturing is shifting from China to Ethiopia, lured by cheap electricity and labour costs that are a tenth of China's. Ethiopia is building a ...

Exchange news

Zimbabwe stock exchange moving to electronic trading and CSD

Electronic trading is coming to Zimbabwe Stock Exchange under a contract with InfoTech Group, and Chengetedzai Depository Company Ltd says 3 listed companies will be ...

Egypt

Nigerian and African economies.. after the rebasing

Charts circulated by Reuters show the rebased Nigerian economy as biggest in Africa, followed by sluggish South Africa, Egypt, Algeria, Angola and Morocco. They also ...

Capital raising

Rwanda to fund airport and power with $1bn Eurobond in 2015

Rwanda plans to return to Eurobond markets in 2015 and raise up to $1 billion for infrastructure, including an airport and power plants.

Capital raising

Nairobi Securities Exchange IPO closes 12 Aug

The Initial Public Offering (IPO) of the Nairobi Securities Exchange Limited is open until 12 August. The NSE is seeking to raise KES 627 million ...

Funds

Abraaj makes its first private-equity exit in Angola

Private-equity investor The Abraaj Group made its first exit in Angola, exiting its investment in Fibrex which manufactures high-density polyethylene (HDPE) and other low-pressure plastic ...

Capital raising

Kenya pledges lower domestic rates after $8.8bn bids for its $2bn Eurobonds

Global investors offered a record $8.8bn and Kenya issued $0.5bn in a 5-year Eurobond at 5.875% and $1.5bn of a 10-year Eurobond at 6.875%.

Exchange news

Commodity exchange builder teams up with pan-African bank

A dynamic African builder of turnkey commodity exchanges, eleni LLC, has teamed up with pan-African Ecobank to accelerate development of African agriculture.

Capital raising

Nairobi Securities Exchange plans to offer 38% of shares in June IPO

The Nairobi Securities Exchange is pushing ahead fast with its demutualization plans and will sell up to a 38% stake in an initial public offering ...

Exchange news

Dar es Salaam Stock Exchange switches technology provider

The battle for stock exchange technology in Africa heats as Dar es Salaam Stock Exchange switches its trading, clearing and settlement to South Africa’s Securities ...

Exchange news

Algiers stock exchange signs MoU with NYSE Euronext Paris

The Algiers Stock Exchange (SGBV) is working with Euronext Paris to boost the market through cooperation under a recent Memorandum of Understanding (MoU).