Other news

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 ...

Egypt

Rencap has expansion plans

Renaissance Capital (www.rencap.com/eng), the Russian emerging-markets bank with operations in Africa, plans to expand next year into Egypt and at least 3 other African countries, ...

Exchange news

Ecobank launches capital markets and investment banking arm

Ecobank, a leading Pan-African banking group, has launched Ecobank Capital, its new capital markets and investment banking arm.

Other news

Africa investor investment climate summit and awards for business and economy leaders

The 2010 Africa investor Investment and Business Leader Awards will take place in Washington DC tomorrow (8 October), as part of the Africa activities planned ...

Funds

Zimbabwe US$25 million women investment fund launched

Top Zimbabwean Government women leaders on 30 September launched a US$1 million Zimbabwe Women Investment Fund, aimed at mobilising resources to enhance women's participation in ...

Other news

Takeover tsunami coming to Africa?

The wave of mega acquisitions which has gained momentum in South Africa this year could only be the start of a takeover tsunami, as large ...

Other news

South Africa to change tax and boost Islamic banking

South Africa is proposing amendments to the Income Tax Act to level the playing field between Islamic banks and conventional banking, although no date has ...

Kenya

Kenya moots $124 mln bond to finance universities

Kenya's Government aims to float a KSh10 billion (USD124 million) university bond early in 2011 to help higher learning institutions raise funds to admit more ...

Exchange news

Net inflow to African funds $660 million in past 12 months – EPFR

Cash has flowed into African equity funds in 51 of the past 52 weeks, according to a report on newsagency Reuters, citing Washington-based EPFR Global, ...

Ethiopia

IFC to offer $20 million guarantee facility for Ethiopian coffee producers

The International Finance Corporation is investing $21 million to guarantee coffee crops. The facility would be to support the Ethiopian Coffee Initiative run by ...

Exchange news

Africa investor conference, New York, 17 September

Africa investor is holding its annual Index Series conference at the New York Stock Exchange on 17 September. The aim is to bring African CEOs ...

Other Countries

Standard Bank to lend $100 mln to farmers in 4 African countries

South Africa’s Standard Bank will provide $100 million as credit to up to 750,000 farmers in 4 African countries in the next 3 years, according ...

Exchange news

Swaziland issues first 3-year Government debt, raises $34 million

The Central Bank of Swaziland on 27 August sold the first longer-term Government bonds to raise money for development projects. It plans further sales this ...

Funds

GEF Africa sustainable forestry fund.

British development finance institution, CDC (www.cdcgroup.com) has committed US$50 million to the GEF Africa Sustainable Forestry Fund (GASFF), the first private equity fund to focus ...

Other news

Up to $30 billion investment needed for health sector

According to a recent study, $25–$30 billion in new investment will be needed in health-care assets, including hospitals, clinics, and distribution warehouses over the coming ...

Other news

How to Leverage the Private Sector to Improve Access to Health Care?

Agenda to mobilize the responsible development of private sector health care in sub-Saharan Africa: 1. Develop and enforce quality standards. Initial efforts at enhanced regulation ...

Capital raising

AfDB aims for $10bn a year infrastructure finance

The African Development Bank is aiming to commit up to $10 billion a year to infrastructure in Africa, according to a story on Reuters. Alex ...

Exchange news

SEC clamps down on Nigerian Stock Exchange, sacks DG and orders President to stop acting

The Securities and Exchange Commission has moved in hard on the Nigerian Stock Exchange on 4 August, ordering the Director-General to leave her post and ...

Other Countries

Second New Africa Mining Fund aims for $100 million-$300 million

The African Development Bank has joined investors into the New Africa Mining Fund II equity fund investing in mining projects throughout Africa, especially Southern Africa. ...