Ethiopia secures $4.8bn in pledges for mega-airport
Ethiopia’s Finance Minister Ahmed Shide has announced $4.8bn is pledged towards a giant $12.5bn Bishoftu International Airport to be built near Abusera, 40 km South of Addis Ababa. It will be Africa’s largest airport and reinforce Ethiopian Airlines leading position in passengers and cargo across and into the continent. There was intense interest in the […]
Uganda joins African exchanges link
The Uganda Securities Exchange (USE) has become the tenth African securities exchange to join the African Exchanges Linkage Project (AELP). The linkage platform enables stockbrokers on participating exchanges to send orders on behalf of their clients to stockbrokers on other exchanges, who will buy and sell shares on those exchanges. Ten 10 stock exchanges representing […]
African exchanges link AELP demonstrates share trades
The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 of Africa’s biggest and most promising companies, companies with nearly $1.4 trillion of market capitalization (total value of equities listed). The African Exchanges Linkage Project (AELP – www.africanexchangeslink.com ) trading […]
Stock Exchange of Mauritius new trading system launches this week
The new Automated Trading System (ATS) of the Stock Exchange of Mauritius (SEM) is set to “go live” on 13 May 2022. Securities and Trading Technology (STT), a global provider of financial market solutions and software-enabled services, has developed the new system. SEM will also launch a new app fully-responsive mySEM app with a new-look […]
Mauritius exchange new trading system goes live in Q1 2022
The Stock Exchange of Mauritius (SEM) aims to go live with a new Automated Trading System (ATS) by March 2022 after selecting South Africa’s Securities and Trading Technology (STT) as its preferred solution provider. The technology upgrade will see the Mauritius bourse advance further as Africa’s multi-currency, multi-asset financial hub. The new ATS is part-funded […]
AELP Link order platform to boost trading between African exchanges
The African Securities Exchanges Association (ASEA) has signed a contract on 30 July to procure an order-routing system to link stockbrokers on seven of Africa’s leading securities Exchanges. The contract is for the design and rollout of the AELP Link technology platform for routing orders and trade confirmations between stockbrokers on the seven bourses. The […]
Fund managers seek good governance
Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project. Key factors when they choose new markets are: market regulation (91% of replies), followed by investor regulation and […]
African exchanges link sets 2021 start date
Seven of Africa’s largest securities exchanges are set to have an active link by the first quarter of 2021, according to an article on Bloomberg.com today 30 December. The article quotes Karim Hajji, President of the African Securities Exchanges Association (ASEA) and CEO of Casablanca Stock Exchange. He says the African Exchanges Linkage Project (AELP) […]
African Banker Awards coming up 11 June 2019
The African Banker Awards 2019 are coming up next week during the African Development Bank annual meeting in Malabo, Equatorial Guinea. Dynamic banks are competing for awards including: African bank of the year African banker of the year Investment bank of the year Best retail bank Innovation in banking and 5 other categories For a […]
Work starts on African exchanges linkage project
Africa’s stock exchanges, regulators, central banks, stockbrokers and clearing systems are working together on the African Exchanges Linkage Project (AELP), set to create trading and information links between the 7 leading securities exchanges. Participating exchanges at the first capital markets stakeholders’ roundtable were the West African regional exchange Bourse Regionale Valeures Mobilieres (BRVM), Casablanca Stock […]
Africa’s jumbo stock exchanges to link in 2019?
An ambitious project to link Africa’s 7 biggest securities exchanges is moving to implementation with a call this month for a project manager for the coming year. The African Exchanges Linkage Project (AELP) aims to transform the number of trades on exchanges and investment flows across Africa by creating a platform so an investor in […]
First African fixed income ETF listed in Mauritius, tracking bond index
African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF), a pioneer exchange-traded fund (ETF) accessible to investors through listing on 18 September on the Stock Exchange of Mauritius.
Pension funds power Africa’s infrastructure
Here is my article on a critical area for Africa to develop, creating the atmosphere for productive investments by fast-growing pension funds. Published in African Banker magazine.
Opinion: Steps for regional integration of capital markets
Can regional integration work for Africa’s capital markets and securities exchanges?
AfDB and stock exchanges group ASEA sign MoU for capital markets projects
The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed an MoU to deepen and connect Africa’s financial markets and mobilize more resources to drive growth.
Sudan’s Khartoum Stock Exchange launches electronic trading system
Sudan’s Khartoum Stock Exchange inaugurated its electronic trading system on 24 March, which is funded by the African Development Bank.
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 institutional investors and a key African bond index.
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 Essien, Group CEO of Ecobank, wins African Banker of the Year award.
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.
Commodity exchange builder teams up with pan-African bank
A dynamic African builder of turnkey commodity exchanges, eleni LLC, has teamed up with pan-African Ecobank to accelerate development of African agriculture.