Other news

Funds

Changing perceptions mean $1.3 bn allocated to Africa

Africa regional funds attracted $484 million inflows in the first half of 2010, says EPFR Global, and total investment fund allocation to Africa was a ...

Egypt

Citadel Capital announces cement deals in Sudan and Egypt

Leading African private equity house Citadel Capital has this week announced 2 cement deals. Citadel was recently named “African Business of the Year” at a ...

Kenya

Kenya’s 25-bond bond is 3 times oversubscribed

Kenya’s Government has successfully issued a 25-year bond, which sets a marker for the capital market, points the way for other African markets to follow, ...

Exchange news

Uganda moves towards immobilization

The Uganda Securities Exchange is aiming to finish immobilizing the shares listed for trading on 28 June, according to a statement issued by the bourse, ...

Exchange news

More trading records fall as JSE passed 200k trades in a day

South Africa’s full service securities exchange, the JSE Ltd, on 17 May recorded 205,748 trades valued at more than R20 billion (US$2.6 billion). This coincided ...

Funds

Consensus Business Group launches $92 million “clean tech” fund for Southern Africa

South Africa’s first, specialised, private equity clean technology fund, Evolution One Fund, has reached its final closing after raising R700 million (US$92 million) from local ...

Kenya

Sharia-compliant finance grows in Kenya

Finance compatible with Islamic investment principles is taking further root in Kenya. There has been take up of sukuk portions of infrastructure bonds launched by ...

Kenya

Automated bond trading boosts liquidity on Nairobi Stock Exchange

Liquidity is up, while the number of days for settlement and cases of fraud are down in bond trading as fixed-income traders and investors flock ...

Exchange news

SA listed companies have to integrate sustainability reports

South Africa’s JSE stock exchange is requiring listed companies to integrate their sustainability reports with their annual reports, with effect from this month. According to ...

Other news

Africa’s mid-term prospects – growth and climate change

"Africa’s economies experienced a marked acceleration in growth during the past ten years. The magnitude of the continent’s development story is startling in its specifics ...

Capital raising

Investors back $ billions of African bonds

Interest in African sovereign debt has been climbing again in recent months. Angola plans to issue a $1 billion - $2 billion benchmark bond., Kenya, ...

Other Countries

Rwanda Investment Group postpones $40 mln bond for cement

Rwanda Investment Group S.A. has temporarily suspended plans to issue a bond with a value of RWF 23.1 billion (US$40 million) to RWF 28.9 bln ...

Capital raising

Africa needs $93 billion a year for infrastructure

Infrastructure is key to Africa’s growth, but financing is coming in far too slowly. Katherine Sierra, the World Bank's vice president for sustainable development, told ...

Other Countries

Angola cuts back on May $4 bln bond

Angola has cut back its plans to raise as much as $4 billion in a sale of bonds without credit ratings, according to a report ...

Other news

Q Resources digs into African mining

Q Resources Plc hopes to raise US$50 million-$100 mln through share sales in order to fund mining acquisitions in Africa, according to reports

Exchange news

“Regulation stops SA from being centre for Africa’s mining finance”

South Africa could be the centre of mining finance for Africa, according to Mick Davis, CEO of international mining company Xstrata, as reported in the ...

Exchange news

Kenya aims for 25-year Treasury bond

Kenya’s Government says it will float the first 25-year bond since the 1960s, as part an initiative to help financial institutions offer long-term debt products ...

Capital raising

Rwanda makes $130 mln from privatisations

The sale of 56 enterprises has made at least Rwf 75 billion (US$131 million) for the Government of Rwanda, according to a report in the ...

Ethiopia

Bond market coming to Ethiopia, and experts review T-Bills

Ethiopia may soon have corporate bonds, paving the way to a bond market, according to a press conference last week by Prime Minister Meles Zenawi. ...

Exchange news

Mauritius introduces new instruments and lists funds as traders get active

Sunil Benimadhu, Chief Executive Officer of the Stock Exchange of Mauritius: The Mauritius market lost 50% in, as investors worried about the fallout of the ...