Technology

Capital raising

12 questions Silicon Valley investors ask – focus for African policymakers

African tech superstar Alysia Silberg (General Partner, Street Global Venture Capital) says African policymakers keen to boost investment into Africa’s fast growing tech sector can focus on 12 investment questions asked by Silicon Valley.

Other news

Consensys ramps up blockchain rollout in African financial markets with new appointment

Leading blockchain innovator Consensys continues to ramp up its role in shaping the future of financial services and capital markets in Africa with the recruitment of fintech veteran Ian Bessarabia.

Capital raising

Some African IPOs – August 2018

Roundup of African share offers (IPOs) for investors, including CIPLA-QCI closing 24 Aug in Uganda, Giza Spinning and Weaving in Egypt and telco MTN listings in Uganda, Ghana and Nigeria.

Exchange news

Mobile phone app for trading on Zimbabwe securities exchanges

Investors can use their smartphones to check share and bond portfolios and send orders to stockbrokers in Zimbabwe with an online and mobile trading platform called C-Trade from today (4 July).

Capital raising

London Stock Exchange financing African growth

There are 108 African companies listed or trading on the London Stock Exchange with total market capitalization of over $200 billion ($271bn). In the last 10 years they have raised more than $16 bn on London’s markets.

Exchange news

Malawi Stock Exchange to start automated trading in May

Malawi Stock Exchange is set to go live with an automated trading system (ATS) by end May and 30 April is start date for dematerialization as shareholders move physical certificates onto the Reserve Bank of Malawi electronic Central Securities Depository.

Exchange news

Barclays Bank call for standards for derivative trades on blockchain

Blockchain technology can revolutionize trading in derivatives, fix inefficiencies and cut costs of trading if there is more standardization. Barclays Bank is one of the key champions and yesterday (26 April) spoke out at the annual meeting of the International Swaps and Derivatives Association (ISDA).

Exchange news

African capital markets and innovation key to achieving African agenda

African capital markets are key to African development visions but governments must prioritize market finance structures over donor funding. There are $1trn of assets in pension, insurance and collective investment vehicles across sub-Saharan Africa, speech by Paul Muthaura, CMA Kenya.

Exchange news

Top learning on the future of African exchanges – BAFM seminar this week 19-20 April

Tomorrow (17 April) is the last day to register for the 7th Building African Financial Markets (BAFM) seminar with a top lineup to debate the future of Africa’s exchanges. It will be on 19-20 April and is organized by African Securities Exchanges Association and hosted by Nairobi Securities Exchange, Kenya.

Exchange news

Strate’s CEO Monica Singer steps down to focus on blockchain

Monica Singer, former CEO of South African CSD Strate, left at the end of August 2017 after nearly 20 years. She will concentrate full time on blockchain.

Capital raising

Vodacom Tanzania’s $213m IPO results due 7 August

Vodacom Tanzania’s extended $213 million IPO closed 28 July and results are to be announced 7 August, with the listing on the Dar es Salaam Stock Exchange due 15 August.

Exchange news

Nigerian Stock Exchange’s new Nasdaq market surveillance

The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.

Exchange news

Namibian SX and Bank of Namibia poised to launch paperless

The Namibian Stock Exchange and the central Bank of Namibia are working together to create a central securities depository (CSD) for equities, bonds and bills traded. They are waiting for laws and regulations to be passed to get the new system operational.

Capital raising

Vodacom Tanzania wrapping up $213m IPO on Dar es Salaam bourse

Some 40,000 Tanzanians subscribed for the TZS476 billion ($213 million) initial public offer (IPO) of Vodacom Tanzania Ltd.

Exchange news

London Stock Exchange £24.5bn merger with Deutsche Börse in doubt

There is doubt on a £24.5bn merger between London Stock Exchange and Deutsche Börse after European Commission demand that LSE sell a 60% stake in platform MTS.

Exchange news

Computers quieter,faster than open outcry

Another floor of shouting traders has just closed in New York, after CME Group closed its open outcry trading pits in New York. Trading pits continue in Chicago but much reduced. Securities exchanges used to heave with drama, excitement, noise and emotion, gradually the computers have taken over.

Capital raising

Africa IPO round-up

Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.

Events

Rwanda to host 20th African Securities Association conference on 27-29 November

Rwanda Stock Exchange (RSE) and the African Securities Exchanges Association (ASEA) will host the 20th Annual ASEA Conference in Kigali, Rwanda on 27-29 November, the flagship event for Africa’s capital markets.

Capital raising

Korea Exchange success story with SMEs

The Korean Exchange (KRX) has grown to be the world’s third biggest stock exchange for listing and trading SMEs by creating a virtuous cycle in which growth generates cash-flows which in turn fuel more growth.

Exchange news

JSE switches to T+3 on 11 July

The Johannesburg Stock Exchange is switching to a shorter T+3 settlement cycle for the equity market from 11 July. Currently it works on T+5.