Other news

Capital raising

Mwalimu Bank shares soar as Dar es Salaam enterprise market gains momentum

The Enterprise Growth Market for small and medium size businesses is picking up momentum on the Dar es Salaam Stock Exchange and Mwalimu Commercial Bank ...

Exchange news

South Africa – politics affects the market, damaging savings and jobs

On 13 Dec the Johannesburg Stock Exchange JSE spelled out how the sacking of South Africa finance minister Nhlanhla Nene and market reactions to ...

Events

Local bond markets to fore at AfDB workshop

African Development Bank's African Financial Markets Initiative (AFMI) is discussing local-currency bond markets this week in Johannesburg with over 30 countries present to discuss domestic ...

Exchange news

African securities exchanges and their role in the future

Opening remarks of Oscar Onyema, CEO of Nigerian Stock Exchange and President of African Securities Exchanges Association's at the 2015 conference, hosted by Johannesburg Stock ...

Exchange news

Soaring trading on Nigeria’s FMDQ market for fixed income and fx

Nigeria’s booming fixed interest and currency securities exchange FMDQ OTC Plc (“over-the-counter”) recorded market turnover of NGN93.9 trillion ($471.7 billion) for the 8 months to ...

Nigeria

IMF cuts African growth forecast

Africa’s growth is slowing dramatically, says the International Monetary Fund, and is likely to be 3.75% this year and 4.25% next year. It could ...

Cote d’Ivoire

Cross-exchange trading between Ghana and Nigeria stock exchanges

Brokers on the Ghana and Nigerian Stock Exchanges in July achieved a first cross border securities trade under the stage "sponsored access" of West Africa's ...

Ethiopia

Ethiopian Commodity Exchange gets online trading platform

The Ethiopian Commodity Exchange (ECX) has unveiled an online trading platform, eTRADE, that has capacity for nearly 5,000 times more transactions than its current "open ...

Exchange news

Kenya’s revolutionary mobile phone M-Akiba bond on 21 Oct

Kenya’s National Treasury will float a KES5 billion ($48.6 million) M-Akiba 5-year infrastructure bond on 21 Oct which will only be purchased through mobile-phone platforms. ...

Exchange news

Update 2 – Zimbabwe Stock Exchange automation successful

The Zimbabwe Stock Exchange started using its automated trading system (ATS) successfully on 6 July with rising volumes. It is a long-awaited change as the ...

Exchange news

Zimbabwe Stock Exchange launches electronic trading 3 July

Electronic share trading is to go live today, 3 July, at the Zimbabwe Stock Exchange. There are new trading hours and only dematerialized securities can ...

Capital raising

Dar es Salaam Stock Exchange aims for IPO and self listing Q1 2016

The Dar es Salaam Stock Exchange (DSE) aims for an IPO in 6 months followed by listing and calls for lead transaction advisor, stockbroker and ...

Other news

Africa Progress Panel urges triple energy win – for people, power and planet

Kofi Annan’s Africa Progress Panel today (5 Jun) issues its report Power, People, Planet: Seizing Africa’s Energy and Climate Opportunities with a crucial message for ...

Other news

Announcing the winners – African Banker Awards

Congratulations to the winners of the 2015 African Banker Awards, Morocco’s Groupe Banque Populaire triumphs as 2015 African Bank of the Year and Ghana’s Albert ...

Other news

Launch of Africa Progress Panel report 5 June

Africa Progress Panel ground-breaking report coming on 5 June on fighting energy poverty, the effects and future of climate change, and Africa's vast sustainable ...

Funds

Putting aside billions – Africa’s sovereign wealth funds

Sovereign wealth funds are sprouting across Africa – 15 countries have created funds in the last 20 years, managing a total of $159bn at the ...

Funds

Annex 2 – What are sovereign wealth funds?

The Sovereign Wealth Fund Institute of Las Vegas, USA defines SWF as “a state-owned investment fund or entity that is commonly established from balance of ...

Exchange news

Botswana supermarket raising $48m in JSE dual-listing

Botswana supermarket chain Choppies Enterprises launches a roadshow to raise $48m and dual-list shares on the main board of JSE securities exchange on 27 ...

Capital raising

AfDB $400,000 seed equity to central depositories link Africlear Global

The central depositories of Kenya and Nigeria have formed a joint venture Africlear Global with a custodian which is part of Altree Financial Services ...