Cash Plus soars 61% after IPO oversubscribed 65x
The share price of Moroccan fintech firm Cash Plus has soared 61% in five days of trading after it listed on the Bourse de Casablanca last Monday 8 December. It listed on the “Principal F” compartment of the Casablanca Stock Exchange after scoring an outstanding success and achieving 65 times oversubscription on its offer, which […]
IPO Watch – Altvest listing on JSE’s AltX to close 1 Oct
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InfoTech trading system for ESX Ethiopian stock exchange
The Ethiopian Securities Exchange (ESX) has signed two pivotal technology agreements with Infotech Private Limited. The agreements cover the design, supply, and installation of an Electronic Trading Platform and a Broker Back Office and Order Management System. InfoTech was established in 1995 and has an extensive profile across Africa, the Middle East and South Asia. […]
Mahwi Grain Millers lists corporate bond in Rwanda today
Industrial company Mahwi Grain Millers Plc has today (2 September 2024) listed its first corporate bond on the Rwanda Stock Exchange (RSE). The first RWF 3 billion ($2.25 million) tranche, with 5-year tenor (duration to maturity) closed on 23 August, after opening on 9 August. The bond offers a coupon of 15% per annum, payable […]
Are Africa’s stock exchanges lagging?
African capital markets are falling behind the growth of global markets. African markets have 1.4% of global market capitalization and the share is falling, says Nandini Sukumar, CEO of the World Federation of Exchanges. Africa’s 26 African exchanges have averaged 2 IPOs per month across the continent, compared to 670 on world exchanges in December […]
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 […]
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 […]
SEC Nigeria clears Nigerian Stock Exchange demutualization
Next step in the long demutulization of Nigerian Stock Exchange will be a court ordered meeting and an extraordinary general meeting. The demutualization is set to transform another of Africa’s most dynamic exchanges. Last month (January 2020) the bourse received a letter from the Securities and Exchange Commission Nigeria with “no objection” to its planned […]
Ethiopia aims for stock exchange by 2020
Ethiopia has set itself a tight timetable for economic reform, including privatization of telecoms by the end of 2019 and a domestic stock exchange by 2020. A World Bank team was due to arrive in Addis Ababa in December to provide technical help to develop the capital market. Last week Financial Times repeated the timetable […]
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.
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.
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.
Regional integration tops 2017 agenda for Africa’s exchanges
Stock exchanges across Africa should be working towards regional integration, says Prime Minister of Rwanda Anastase Murekezi, guest speaker at the African Securities Exchanges Association conference.
BRVM securities exchange strategy dialogue with US frontier funds
In New York 30 US frontier investors, stockbrokers and market specialists joined Edoh Kossi Amenounve, CEO of the West African regional exchange BRVM, to give their inputs to strategy development for the fast-growing stock market.
Mauritius is a trusted base for Africa funds
Mauritius is the top base for private equity funds investing into Africa and is positioning as an attractive capital-raising platform for focused Africa-oriented ventures.
Dar es Salaam Stock Exchange readies for $3.4m IPO and self-listing
The Dar es Salaam Stock Exchange Plc will launch its initial public offer soon, after completing the demutualization. The Capital Markets and Securities Authority, said the bourse can raise TZS 7.5 billion ($3.4 million) by issuing 15 million ordinary shares at TZS 500 each.
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.
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 (JSE).
Africa’s securities exchanges summit next week
Africa’s securities exchanges gather for their flagship conference in Johannesburg from 15-17 November. The 19th African Securities Exchanges Association annual summit is hosted by Johannesburg Stock Exchange.
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.