Other news

Exchange news

Kenya’s bond trading developing fast

Andre DeSimone, Kestrel Capital stockbroker, Nairobi The Nairobi capital market has seen a lot of volatility and many local institutions pulled out. At one point, ...

Kenya

Kenya’s mobile money system is “world’s most successful”

Kenya’s biggest mobile telecommunications company says it will continue to lead the market through its revolutionary mobile payment system M-PESA - already the world’s most ...

Other news

Commodities, internal markets and governance will drive Africa’s growth, say experts

Experts launching the 5th Annual Africa Investment Securities Africa said they could see more growth coming in the 2nd biggest continent.

Capital raising

Results of Uganda’s NIC privatisation share offer

Uganda's National Insurance Corporation (www.nic.co.ug), was oversubscribed after Uganda Shilling (UGX) 9.5 billion (US$4.6 million came in applications when Government offered its remaining 40% stake ...

Exchange news

Botswana finished $722 mln bonds issuance

The Government of Botswana has ended its P5 billion (US$722 million) bond issuance programme with an oversubscribed auction by the Bank of Botswana last Friday, ...

Other news

Upgraded website and African investing newsletter

The website www.africaniscool.com has been upgraded with a newsletter. According to CEO Rob Stangroom: “Our newsletter contains mostly original content and is targeted at investors, ...

Exchange news

Wilderness Safaris public offer aims for BSE and JSE Africa Board

Conservation tourism pioneer Wilderness Safaris is aiming for a primary listing on the Botswana Stock Exchange (www.bse.co.bw) and a simultaneous secondary listing on the Johannesburg ...

Other news

Marketplace for Innovative Financial Solutions for Development

A Marketplace on Innovative Financial Solutions for Development (www.fininnov.org) is to be held in Paris on March 4-5, 2010. It is dedicated to innovative financial ...

Capital raising

Kenya: First steps for privatization of Consolidated Bank

The Kenyan Government’s Privatisation Commission is taking the next step towards selling a portion of Consolidated Bank of Kenya Ltd by appointing PricewaterhouseCoopers as transaction ...

Capital raising

$10.7 bln deal for African telecoms

Telecoms have attracted some of Africa’s biggest and most lucrative equity deals and the 14 Feb sale of $10.7 billion of telecom assets further indicates ...

Other news

AfDB raises $1 billion, agrees to 200% general capital increase

The regional governors of the African Development Bank (www.afdb.org) have unanimously backed a bank proposal to increase the general capital. According to a communiqué issued ...

Capital raising

Government agencies get together to promote investment

The Commonwealth Business Council has a top lineup for its Africa Investment Forum, due to be held from 8-10 February in Accra, Ghana in conjunction ...

Capital raising

Big plans for Rwanda capital market, including first local public offer

The Rwandan capital markets are set for growth in 2010, including plans for a first local initial public offer (IPO) and developing the Rwandan stock ...

Exchange news

New bond listing on Rwanda’s capital market

The capital market in Rwanda took another step forward with the listing on 22 January of a new Rwf2.5 billion (US$4.4 mln) two-year Treasury bond ...

Funds

Africa Health Fund makes first investment

The Africa Health Fund, managed by private equity fund manager Aureos Capital has made its first investment, acquiring a stake in the Nairobi Women’s Hospital ...

Capital raising

Agri-Vie fund close to $100 million target, finding projects

Agricultural private equity fund Agri-Vie will reach its target of raising $100 million for investment in agricultural projects by February or March, according to an ...

Capital raising

Multi-Asset exchange for Africa?

The Global Board Of Trade Ltd. says in March it will open an African multi-asset exchange in Mauritius that will be able to trade a ...

Kenya

First African carbon credit scheme since Copenhagen

South Africa’s Nedbank has announced an agreement with international non-governmental organisation Wildlife Works Incorporated to launch an African carbon credit scheme.

Capital raising

Privatization of Nairobi Stock Exchange

Kenya is considering speeding up plans to privatize the Nairobi Stock Exchange (www.nse.co.ke), the biggest market in East Africa. The aim is initially that stockbrokers ...

Other news

Support for Farmers to Access Weather and Disasters Insurance

A Global Index Insurance Facility has been launched as an insurance scheme to help compensate for certain catastrophic events, depending on their severity. The GIIF ...