Other news

Egypt

2 African stock exchanges among world ESG leaders

Two African stock exchanges are among leaders in requesting companies to report on Environmental, Social and Governance (ESG) issues. South Africa’s JSE Ltd this year ...

Exchange news

East Africa securities training for thousands

The International Finance Corporation and East Africa’s Securities Industry Training Institute (SITI), based at the Uganda Securities Exchange have signed an agreement to broaden training ...

Nigeria

Plans for Nigeria’s $500 mn Eurobond

Citigroup expects to see strong demand for Nigeria's $500 million debut Eurobond despite volatility in global capital markets. It plans roadshow this week.

Exchange news

Kenya regulator cuts bond charges, banks still push for bond OTC market

Kenya’s Capital Markets Authority has cut the cost of trading bonds from 0.04% per cent (KSh400 for every KSh1 million transacted) to 0.035% (KSh350 for ...

Other Countries

PTA Bank bond got $650 million vs $300 million target

The eurobond recently issued by PTA Bank attracted bids for $650 million compared to a target of $300 million, according to a report in Kenya’s ...

Exchange news

Crocodile company swims onto Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange snapped up its first new listing since 2007 on 29 November when Padenga Holdings Limited was admitted as the 77th ...

Cote d’Ivoire

Institutions react to Cote d’Ivoire crisis

Markets are reacting quickly to the news that Laurent Gbagbo was sworn in as president of Cote d’Ivoire on Saturday (4 Dec). The World Bank ...

Kenya

Safaricom offers $56 million bond

Telecoms giant Safaricom Ltd., a mobile phone company that is the biggest listing by market capitalization on the Nairobi Stock Exchange, is selling KSh 4.49 ...

Kenya

PTA Bank launched $300 million eurobond

PTA Bank, a multilateral financial institution based in Nairobi, successfully launched a US$300 million Eurobond in November. According to a press release from Standard Bank, ...

Exchange news

More career opportunities in Africa’s capital markets

Many financial institutions are gearing up their staffing as they start to roll out their African operations. These include banks, stockbrokers and others. African Capital ...

Funds

The “Missing Middle” opportunity to reach SMEs and low- and middle-income earners through bank-investing PE fund

There is an opportunity in providing banking services to a “Missing Middle”, by focusing on financial services for lower- and middle-income groups in Africa, both ...

Other Countries

Gold miner’s zero harm policy wins CSR award

Gold miner IAMGOLD Corporation, listed in Toronto, New York and Botswana, was awarded for Corporate Social Responsibility at a dinner after Canada's biggset corporate social ...

Funds

Aureos Africa Fund invests $10 mln into HFC, backs expansion and SME lending

Aureos Africa Fund has completed a US$10 million investment in HFC Bank Ghana Ltd, a commercial and retail bank. The investment in HFC will help ...

Capital raising

UK-Mozambique Investment Forum 2010

A UK-Mozambique Investment Forum 2010, is coming to London on 2 December.

Exchange news

Dangote Cement listing boosts Nigerian SE

The Nigerian Stock Exchange saw its capitalization boosted by the Naira 2.1 trillion ($14 billion) listing of Dangote Cement on 26 October.

Capital raising

Lontoh Coal considers Hong Kong IPO reportedly “to avoid Zimbabwe sanctions”

Lontoh Coal ,a South African unlisted mining company with projects in Zimbabwe, wants to do its next public offer in Hong Kong, according to a ...

Exchange news

New multi-asset exchange opens in Mauritius

A new multi-asset exchange The Global Board of Trade Ltd. started trading operations in Mauritius on 18 October. It is owned by Financial Technologies an ...

Funds

Africa Food Fund – Euro 150 mln fund launched by Silk Invest

Global asset manager Silk Invest is launching the Africa Food Fund, a new Euro 150 million private equity fund focusing on the African food sector. ...

Kenya

Nigeria and Zambia joining African rush into bonds

Africa needs to spend $93 billion a year on power, transport and water projects over the next decade to lift growth in the world’s poorest ...

Capital raising

Rwanda starts pre-offer campaign for BRALIRWA

Rwanda's Capital Markets Advisory Council has launched a 2 weeks’ pre-offer campaign across the country to sensitize people ready for the initial public offer of ...