Other news

Exchange news

Stock exchange merger trend will end with “three, four” global exchanges

The world is moving into fast consolidation of stock exchanges through mergers and acquisitions among the world’s giant exchanges. London Stock Exchange chief executive Xavier ...

Egypt

Private equity firm sees “compelling opportunities” in Egypt and beyond

A leading African private equity firm, Citadel Capital based in Cairo, says change in Egypt brings “very compelling opportunities for long-term private equity investors in ...

Egypt

Egyptian Exchange again delays reopening

The Egyptian Exchange has again postponed its reopening and says it will only open when the strike-hit banking system gets back to normal. Dates mentioned ...

Exchange news

London and Johannesburg stock exchanges migrate to Millennium Exchange system

The main trading platform of the London Stock Exchange was successfully switched from the previous system yesterday (14 Feb) to the Millennium Exchange computer system. ...

Capital raising

Rwanda Stock Exchange opens with brewery IPO

Africa’s newest stock exchange is the Rwanda Stock Exchange (RSE), launched on 31 Jan to start trading the shares of brewer Brasseries et Limonaderies du ...

Cote d’Ivoire

Cote d’Ivoire defaults on $2.3bn Eurobonds

Cote d’Ivoire has formally reneged on $2.3 billion of Eurobonds, becoming the first nation to default since Jamaica in January 2010. The default comes after ...

Exchange news

Singapore Exchange’s global strategy – world’s fastest trading system

Singapore Exchange Ltd (SGX) is planning to install what it says will be the world’s fastest trading system, reports the Wall Street Journal. The move ...

Exchange news

JSE reports 12% jump in commodity derivatives trades in 2010

South Africa’s JSE Ltd traded 2.1 million commodity derivative contracts in 2010, up 12% on the previous year but still below the record 2.5 mn ...

Exchange news

Zimbabwe launches COMEZ Commodities Exchange

The new Commodities Exchange of Zimbabwe (COMEZ) opened on 14 January, but no date is set to start trading. The exchange would be managed by ...

Exchange news

Nigerian Stock Exchange asks stockbrokers to recapitalize

The Nigerian Stock Exchange is warning stockbrokers that they must meet capital adequacy requirements. Dealing members and stockbroking firms require a capital base of N1.5 ...

Nigeria

Nigerian Stock Exchange Annual Review 2010

The Nigerian Stock Exchange reported on 19 January that a total volume of 93.3 billion shares valued at N797.6 billion (3.2% of gross domestic product) ...

Exchange news

Zimbabwe Minister “blocks” Duration gold miner’s Toronto SE listing

According to media reports, Zimbabwe’s Indigenization Minister Saviour Kasukuwere is declining to give permission for leading gold miner Duration Gold to raise US$7 mn by ...

Exchange news

London Stock Exchange sets love date for switch to MillenniumIT system

The London Stock Exchange is hoping for some love from traders, by announcing 14 February – Valentine’s Day - as the date to switch to ...

Capital raising

Algiers Stock Exchange: Results of Alliance Assurances IPO offer

Results have recently been released of the share offer of insurance company Alliance Assurances on the Algiers Stock Exchange. The share offer was open from ...

Ethiopia

Ethiopian Commodity Exchange now available on mobile phones

The dynamic Ethiopian Commodity Exchange is further spreading its information feed. Now customers can access general information and their accounts through SMS and voice telephone ...

Ethiopia

Africa features 7 of world’s top 10 economies for the coming year

On IMF forecasts Africa has 7 of the world’s top 10 places for fastest growing economies for the 5 years from 2011-2015, reports the Economist, ...

Cote d’Ivoire

Bad news on Cote d’Ivoire blockade again hurts bond prices

This afternoon (5 Jan) the yield on the Cote d’Ivoire US dollar-denominated sovereign bonds climbed back up 60 basis points to 15.68%, according to Bloomberg, ...

Exchange news

What do you wish for the African stock exchanges?

What are your wishes for improvements to the African securities markets, including markets for equities and bonds, in 2011?
Who are the key movers and ...

Exchange news

Record inflows ($9.2 bn) into SA bonds, prospects for the Rand and interest next year

Foreign inflows into South African Government bonds denominated in Rand were R61 billion (US$9.2 bn), up from R2.5bn in 2009, according to figures from the ...

Kenya

Automated trading systems bring Nairobi SE to desktops, Internet and mobiles

Kenya’s stockbrokers and investment banks are moving fast to automated systems. They say that the future of stock trading is going to be via the ...