Other news

news of african financial markets, capital markets development
Egypt

How good are Africa’s financial markets?

Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s …

Africa's renewable energy transition to net zero
Other news

Africa’s transition to renewable energy – the inside story

Some 600m Africans need urgent access to electricity, and resources to finance this are scarce. This fuels the debate on whether Africa – where some …

black rhino in conservation bond investment
Capital raising

$150m conservation bond to boost rhino romances

[PHOTO CREDIT MARTIN HARVEY/WWF] Rhino romances in South Africa’s parks could provide a 9% boost to international bond holders’ returns in a first-of-its-kind conservation bond …

Egypt

First Abu Dhabi Bank bids for $1.2bn EFG Hermes

First Abu Dhabi Bank (FAB) has launched a bid for Egypt’s biggest investment bank EFG Hermes that values it at EGP 18.5 bn ($1.18bn). EFG …

Egypt

Clampdown on social media to manipulate share prices

Regulators are stepping in to help Egyptian securities investors deluged via social media with share tips and information that could be market manipulation. In the …

Exchange news

Will today’s launch of day trading transform Nairobi Securities Exchange?

Nairobi Securities Exchange launches day trading in shares today 22 November. The aim is to boost liquidity and trading activity on this leading African stock exchange.

Capital raising

Will 17 Nov Ghana budget unblock flow for SOE listings?

Would-be investors are waiting for news from the technical committee working to prepare Ghanaian State-owned enterprises (SOEs) for share sales of their shares on the …

Capital raising

MTN’s $280m share offer to NGX investors

Telecoms firm MTN Group, based in South Africa has announced it will proceed with a public offer of up to 575 million shares in MTN Nigeria. MTN has been selling off assets and restructuring as it steps up the pace in the race to dominate Africa’s telecommunications sector.

Egyptian Exchange EGX boosted by IPO share offer
Capital raising

Egypt’s $372m e-finance IPO may herald privatizations

E-Finance for Digital and Financial Investments, raised $372m in an oversubscribed IPO on the Egyptian Exchange (EGX). Does the biggest share offer in EGX history unblock Egypt’s multi-billion pound privatization pipeline?

Exchange news

Zimbabwe companies to demerge for growth

A top tea producer could be the prodigal son returning to the Zimbabwe Stock Exchange after 14 years, if shareholders in Meikles Limited give the …

Exchange news

Are foreign investors buying on Nairobi Securities Exchange?

Trading by foreign investors was picking up at Kenya’s Nairobi Securities Exchange last month, just as the NSE20 index of blue chip prices retreated. A …

Capital raising

Mobile phone towers valued at $7bn in New York

IHS Holding Ltd (ticker IHS:US), holding company of the biggest independent operator of mobile phone towers in Africa, scored a $7 billion valuation in its …

Other news

Africa’s mobile economy in numbers

Here are some estimates of the growth potential of the mobile economy in sub-Saharan Africa, according to industry association GSMA. The GSMA report The Mobile …

Funds

Sanlam and Absa to merge as ZAR 1trn fund manager

Absa Bank and Sanlam, both headquartered in South Africa, have announced plans to merge their investment management businesses. The merger could finalize in the first …

Other Countries

LEI global identity to boost trade for African SMEs

The global initiative to give business entities worldwide a Legal Entity Identifier (LEI) is to roll out for African small and medium enterprises through innovative …

Other news

RisCura’s Bright Africa 2020 – private equity in tough times

Deal activity in African private equity is growing, although fundraising has been erratic, according to Bright Africa 2020, a research initiative by global investment firm, …

Exchange news

CIMERWA cement is Rwanda’s 10th listing

CIMERWA, the only integrated cement producer in Rwanda, is also helping build the capital market by providing the tenth listing on the Rwanda Stock Exchange. …

Other news

Top banks and bankers – African Banker Awards winners 2020

It is an honour to be a judge for this competition and tough to choose among so many excellent entries! London, 26th August 2020: Winners of …

Exchange news

Fund managers seek good governance

Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey …

Capital raising

Zambia Forest lists on Lusaka Securities Exchange

Zambia Forestry and Forest Industries Corporation PLC today (12 February) brought welcome relief to the Lusaka Securities Exchange when it broke a 6-year listing drought. …