Technology

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 Plc was the fourth listing on 27 November.

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 capital markets integration first launched 2013. This opens the way for more cross-border deals.

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 outcry”.

Exchange news

Namibia’s stockbrokers switch to IRESS to access NSX

All 4 Namibian stockbrokers have switched their front-end links into the local bourse to the trading solutions supplied by IRESS, a leading global supplier of innovative securities, financial markets and wealth management technology.

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. The minimum investment will be KES3,000 ($29.13) . The bond works with M-Pesa mobile money solutions where 23m Kenyans have accounts.

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 boursed move away from call over.

Exchange news

UPDATE – Zimbabwe Stock Exchange delays automated trading

The Zimbabwe Stock Exchange (ZSE) has announced that it did not launch electronic trading today as planned and this has been delayed indefinitely.

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 trade.

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 energy.

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 Group.

Exchange news

Payments messaging booms in Africa

Payments and securities transactions are growing faster in Africa than in the rest of the world, according to financial messaging institution SWIFT. Traffic volumes of payments information in sub-Saharan Africa grew by 13.2% year to date.

Exchange news

Woes of Zimbabwe Stock Exchange

The value of trading on the Zimbabwe Stock Exchange fell 22% in the first quarter of 2015 (compared to 2014), the bourse has been hit by controversies and several delistings.

Exchange news

Zimbabwe central depository brings shares on board

Chengetedzai Depository Company Ltd, Zimbabwe’s central securities depository (CSD), was reported that the last securities had been brought on board in March 2015.

Funds

Private Equity Africa ranks top 10 deals in 2014

Leading website and magazine Private Equity Africa lists the top 10 Africa private equity deals from 2014, with data from Preqin. Top are two telecoms tower deals – Helios leading $630m into Helios Towers and ECP leading $490m into IHS.

Capital raising

IPOs soar as Africa’s capital markets raise $11bn

• US$11bn IPO and FO proceeds raised in 2014 in African equity markets • US$37.4bn proceeds raised from 2010 to 2014 • 24 African IPO …

Exchange news

Rwanda Stock Exchange closer to Nasdaq X-stream automated trading

Rwanda Stock Exchange says it is close to an Automated Trading System using technology from Nasdaq OMX and will link to the National Bank’s central securities depository.

Exchange news

East African securities exchange integration – what’s on in 2015

Securities exchanges in East Africa are working together on infrastructure for tighter cooperation and links between Rwanda, Kenya, Uganda and Tanzania and potentially Burundi through the East African Securities Exchanges Association (EASEA).

Exchange news

Nigerian Stock Exchange signs links to London SE Group

The Nigerian Stock Exchange signed a capital markets agreement with the London Stock Exchange Group (LSEG) to support African companies seeking dual listings in London and Lagos, after earlier this year implementing a new settlement process to boost listings.

Exchange news

London Stock Exchange offering to Africa

According to London Stock Exchange, there are 115 listings of companies focused on sub-Saharan African markets including 26 on the Main Market and 84 on AIM, the growth market.

Exchange news

Nairobi SE trades bonds on new automated trading system

The Nairobi Securities Exchange went live trading government and corporate bonds on an automated trading system, marking another step into Africa for South Africa’s financial software development company Securities Trading & Technology Pty (STT).