Other news

Other news

African Development Bank and Commerzbank sign for $100m trade finance

The African Development Bank has signed a USD 100 million agreement with Germany-based Commerzbank AG in which the banks will share the default risk on ...

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

Infrastructure needed to celebrate AU’s 50th anniversary

“Unity has no meaning unless it is the ability of the coal miner in Botswana to power a plant in Angola or the farmer in ...

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 ...

Kenya

Calvert Foundation says all investors set to include impact investments in portfolios

A major shift is coming in which investors, individual and institutional, will commit at least a portion of their investable assets to social impact and ...

Exchange news

New global rules for collective schemes from IOSCO

The International Organization of Securities Commissions (IOSCO) published on 4 March a report on liquidity risk management for collective investment schemes (CIS)

Nigeria

IFC to issue $50m (NGN8 billion) Naija bond in Nigeria

The International Finance Corporation plans to issue a $50 million (NGN 8 billion) local-currency "Naija" bond in Nigeria to support the domestic capital markets and ...

Capital raising

Nairobi Securities Exchange launches growth board for SMEs

This week the Nairobi Securities Exchange (NSE) has joined the rush into providing boards for small and medium enterprises (SMEs) with the launch on 22 ...

Exchange news

Kenya steps up corporate governance

Kenya is stepping up corporate governance and the Capital Markets Authority has appointed a 9-member Capital Markets Corporate Governance Committee.

Capital raising

Good news for investors on London’s AIM mid-cap market

Fortunes improved for investors in companies on the London Stock Exchange’s Alternative Investment Market (AIM) market, according to a report by Deloitte examining listings and ...

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 ...

Exchange news

“There is a very fine line between Africa rising and Africa uprising”

Sunil Benimadhu, CEO of the Stock Exchange of Mauritius and re-elected President of the African Stock Exchanges Association (ASEA) told the opening session of the ...

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 ...

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, ...

Exchange news

Improving business climate is key challenge – Africa improves

The business environment is rising higher on the agenda of African governments and more progress is being made, but there are still major issues. Doing ...

Capital raising

Zimbabwe Stock Exchange set to pay off its suspended CEO

According to news reports, the Board of the Zimbabwe Stock Exchange is close to negotiating an exit package with CEO Emmanuel Munyukwi, who was suspended ...

Exchange news

Nigeria’s SEC pushes for privatization listings, stockbroker consolidation and NSE demutualization

Nigeria’s Securities and Exchange Commission hopes to boost liquidity on the Nigerian Stock Exchange by getting previously privatized enterprises to list their shares and is ...

Exchange news

JSE adds derivatives: grain specific to silos and more silver and platinum futures

South Africa’s JSE Ltd continues to expand its commodity derivatives range, adding silver and platinum “quanto futures” and it is helping South Africa's grain ...

Exchange news

Falling yields mark a boom in Nigeria’s bond market

Volumes are growing in Nigeria's bond market, boosted by inclusion in JP Morgan Government Bond Index-Emerging Markets (GBI-EM) from 1 October as Africa’s second entrant. ...

Cote d’Ivoire

World Bank says 4.8% growth for sub-Saharan Africa in 2012, cuts earlier forecast

The World Bank has cut its growth forecast for sub-Saharan Africa. Earlier in the year it forecast 5.2% growth overall for SSA economies in 2012, ...