Other news

Funds

Mobius blogs on why he likes Africa

From the blog of Mark Mobius of Templeton Investments: "While Africa does have challenges, I am encouraged by another side of Africa that is gradually ...

Other news

Sub-Sahara investment banking fees $157 mn for 3 months

Fee income from investment banking in sub-Saharan Africa more than doubled to US$157 million during Q1 of 2011, compared to same period in 2010. ...

Funds

Brainworks fund links indigenization and private equity in Zimbabwe

Zimbabwean private equity firm Brainworks Capital Management has reportedly launched a $20 million fund targeting Zimbabwe’s agriculture, financial services, mining and telecommunications sectors, according to ...

Exchange news

Tunisian and Egyptian regulators freeze securities trading pending investigation

Tunisian regulator Conseil de Marche Financier ordered stockbrokers not to allow 123 companies to trade securities as part of investigations into extensive holdings by the ...

Cote d’Ivoire

Bonds soar, cocoa prices fall as CI rebels advance fast

Rebels in Cote d'Ivoire made rapid advances towards Abidjan yesterday (30 March), where fighting could be fierce. Prices rallied yesterday on the €2.3 Eurobond and ...

Other Countries

IFC invests in bank to bring home mortgages to Burkina Faso

The International Finance Corporation has signed an agreement to invest up to $0.6 million in Banque de l’Habitat du Burkina Faso and will also provide ...

Cote d’Ivoire

Rebel advances in CI boost Eurobond prices

Rebel advances in Cote d’Ivoire are boosting the price of the country’s €2.3 bn Eurobond, which are in default since 1 Feb, in London trading. ...

Other news

Foreign funds and SA bonds and equities

Flows into South African bonds turned positive in the last few days, although money is still being moved out of equities. For much of 2011 ...

Funds

Carlyle launches $500 mn fund for buyout and growth investments

Global alternative asset manager The Carlyle Group on 24 March announced that it has established a team to conduct buyout and growth capital investments in ...

Egypt

Egyptian Exchange opens, hit by giant wave of selling

The Egyptian Exchange opened today at 10:30am after nearly 2 months, and was immediately swamped with a flood of selling, which saw the index plunge ...

Events

Top investment conference this week in London

Leading investors and institutions are to discuss transactions and trends in Africa’s capital markets during the Africa investor 2011 Analysts’ and Fund Managers’ Forum to ...

Exchange news

JSE revenues climb 9% despite challenging year

South Africa’s securities exchange the JSE Limited increased group revenues by 9% to R1,255 million ($178 mn) from R1,156 mn in 2009. Results were driven ...

Cote d’Ivoire

BRVM flees war and restarts trading from Mali

West Africa’s regional stock market the Bourse Regionale des Valeurs Mobilieres (BRVM) has started trading from a new base in Bamako, Mali, after leaving Cote ...

Egypt

Giant growth foreseen for African stock exchanges over 10 years

African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and ...

Exchange news

Nairobi SE broker backoffice system to support online share trading

The Nairobi Stock Exchange has bought a new broker back office (BBO) system which it hopes will boost liquidity and attract listings, including offering online ...

Capital raising

Emerging Capital Partners (ECP) awarded “Best Private Equity House in Africa”

Emerging Capital Partners has won an award as “Best Private Equity House in Africa” named by EMEA Finance magazine. This recognizes ECP’s achievements in ...

Egypt

Egyptian Exchange again fails to reopen, bonds and GDR prices fall

The Egyptian Exchange has failed to meet another self-imposed deadline to reopen on 6 March, and investors are increasingly unhappy. In a statement on 3 ...

Exchange news

Fitch gives Zambia B+, clears path for Eurobond

Fitch Ratings agency has given Zambia a “B+” rating on long-term foreign and local currency, with a stable outlook, which could pave the way for ...

Egypt

Investors worry as Egyptian Exchange again delays reopening

Investor confidence in Egypt is likely to be further undermined after officials again delayed the reopening of the Egyptian Exchange from today (1 March). It ...

Egypt

Egyptian Exchange to start trading tomorrow (1 Mar)

The Egyptian Exchange is set to reopen tomorrow (1 March) after it closed on 27 Jan. in the popular uprising that saw President Hosni Mubarak ...