Other news

Other news

African Development Bank wants more funds for African recovery

The African Development Bank Group (www.afdb.org) is urging the G-20 Summit to increase its resources, to help Africa recover. Meanwhile IFR Markets news service says the bank plans a $1 billion 3-year global bond issue.

Capital raising

Private equity $25 mln for East African media and telecoms

Emerging Capital Partners (ECP) announced on 22 September it has committed $25 million to Wananchi Group Holdings

Capital raising

$8 bn for African ICT

US$8 billion was invested in developing Information and Communications Technology (ICT) in Africa in 2008, according to the Secretary-General of International Telecommunications Union (ITU).

Exchange news

Innovation and trading boom on Africa’s biggest exchange

Trading soared 31% in number of deals on the JSE Ltd (South Africa’s Johannesburg Stock Exchange) and the merger with teh Bond Exchange of South Africa was finalized, promising dynamic new growth in the South African interest-rate market.

Capital raising

Kengen issues $197 mln bond for 500 MW more electricity

The Kenya Electricity Generating Company (KenGen) has received regulatory approval from the Capital Markets Authority for a corporate bond with a nominal value (face value) of KSh15 billion (US $196.8 mln). The offer is open from 8-29 September.

Exchange news

Gold Exchange-Traded Fund targets Botswana SE

Absa Capital wants to dual list its NewGold Gold Bullion Debentures Exchange Traded Fund on the Botswana Stock Exchange (BSE).

Exchange news

More action on Kenya’s bond market

Bonds are becoming increasingly active in Kenya, and the bond market at the Nairobi Stock Exchange (NSE) is proving a good place to raise medium- …

Other news

Introducing the blog

This blog aims to provide news of developments in Africa’s capital markets, including the stock and securities exchanges and venture capital markets.