Other Countries

Exchange news

New securities exchange prepares in Namibia

Former Namibian Minister of Finance Helmut Angula is heading plans to establish a second securities exchange, the Namibia Financial Exchange (NamFin-X), which received its licence ...

Capital raising

Citadel Capital’s Rift Valley Railway opens Uganda-S Sudan trade after 20 years

Rift Valley Railways (RVR), a platform company of Egypt's Citadel Capital, has repaired 500 kilometers of track between Tororo in Eastern Uganda and Gulu in ...

Exchange news

New laws pave route to Angolan securities exchange

Laws have been approved in Angola to regulate the future securities exchange for equity and debt. The Capital Markets Commission (CMC) says that it plans ...

Cote d’Ivoire

$183bn of M&A in Africa in last 10 years, Britain leads

The total value of mergers and acquisitions deals in Africa by foreign investors was $183 billion over the ten years 2003-2012, up threefold on the ...

Cote d’Ivoire

African Development Bank starts move to Cote d’Ivoire in 2013

Africa’s top lending institution the African Development Bank (AfDB) has announced that it will start moving its headquarters and 1,500 employees from Tunisia to Ivory ...

Funds

Africa is top investment destination for private equity

Global institutional investors (“Limited Partners”/LP) have selected Sub-Saharan Africa (SSA) as the most attractive investment region for private equity, according to research from the Emerging ...

Kenya

Sub-Saharan African sovereigns outside SA to raise $7bn in fixed income

African countries (apart from South Africa) are set to place $7 billion of debt this year, buoyed by low interest rates and a huge global ...

Capital raising

Rwanda’s $400m Eurobond will pay for power, planes and conferences

The first Eurobond issued by Rwanda, due to mature in May 2023, raised $400 million at 6.875% and the money will go to start generating ...

Exchange news

New CEO announced for Dar es Salaam Stock Exchange

Tanzanian news media yesterday (1 May) announced that 37-year old Moremi Marwa has been appointed as the new CEO of the Dar es Salaam Stock ...

Exchange news

Zimbabwe Stock Exchange launches great investor relations (IR) drive

Congratulations to the Zimbabwe Stock Exchange on its excellent new website, including a very useful listed companies’ data terminal, including annual reports, charting, trading ...

Exchange news

Zimbabwe Stock Exchange terminates 3 listings

The Zimbabwe Stock Exchange has informed investors and the public in a press release that it has terminated the listings of 3 companies with effect ...

Capital raising

Regulators discuss East African bookbuilding and stockbroker licences

The regional forum, the East African Securities Regulatory Authorities (EASRA), is seeking to create a harmonized licensing framework for the region for brokers and dealers, ...

Exchange news

Stock exchange CEO wanted

The Dar es Salaam Stock Exchange is advertising for a new CEO, after the contract of the previous CEO Gabriel Kitua, expired on 31 January. ...

Capital raising

Jacana merges with InReturn Capital, launches $75m private equity fund for SMEs

Entrepreneurs running small and medium-enterprises (SMEs) in West and East Africa stand to benefit from a new $75m private equity fund. The announcement follows the ...

Exchange news

Africa’s bourses should work together to channel investors

Africa's 24 stock markets should learn to work together better if they are to seize high levels of investor interest, said Nicky Newton-King, CEO of ...

Cote d’Ivoire

Cauris private equity books into West Africa hotel growth

A West Africa private equity fund, Fonds Cauris Croissance II, says it will invest 4 billion FCFA (XOF, equivalent to $8 million) in Azalaï Hotels ...

Capital raising

Rise of pension giants set to transform investment in Africa

New giants are arising in African investments – the domestic pension funds. Several countries have funds worth billions of US dollars and in many they ...

Exchange news

IOSCO global regulator gives bigger role to emerging markets – 80% of its membership

The 86 emerging markets members of the world’s securities markets regulator, International Organization of Securities Commissions form 80% of IOSCO membership and are increasingly important ...

Other Countries

Strong demand for Tanzania T-Bills

Demand was strong for most Treasury bills in Tanzania at the last auction on 21 November, the average yield-to-maturity was 13.43% (up from 13.18% at ...

Capital raising

Umeme power company IPO share offer: UPDATE AND CORRECTION

The Initial Public Offer by power company Umeme closed on 7 November and results are expected before the listing on 30 November. Before the close, ...