Egypt’s EGX: Gourmet Foods lists, 7 more listings expected
Premium grocer Gourmet Egypt.com Foods S.A.E. (EGX:GOUR) listed on the Egyptian Exchange (EGX) on 10 February, following an initial public offering (IPO) of shares combined with a private placement to qualified investors. Gourmet produces and distributes high-quality food products in Egypt. According to a statement by EFG Hermes, which was sole global coordinator and bookrunner: […]
African exchanges lead in USD returns
How far can the record-breaking bull run continue for Africa’s stock exchanges? Many African exchange indices were up remarkably over 2025, encouraging participation by local investors and leading to renewed interest by domestic companies to come to the market for initial public offerings (IPOs) and other capital raising. In addition, many African currencies climbed in […]
Bonyan real estate EGX listing expected in June
Although no date has been given for the listing of Bonyan for Development and Trade on the Egyptian Exchange, the listing is anticipated for next month, June 2025. It will be an Initial Public Offer (IPO) in which the sole shareholder, Sky Realty Holding Limited, will sell 33.33% of its shares in the real estate […]
Clampdown on social media to manipulate share prices
Regulators are stepping in to help Egyptian securities investors deluged via social media with share tips and information that could be market manipulation. In the US and other global markets, a giant swarm of retail investors dished out cash to trade “meme stocks” (great explanation article on Investopaedia) in the first half of 2021, driving […]
Egypt’s $372m e-finance IPO may herald privatizations
E-Finance for Digital and Financial Investments, raised $372m in an oversubscribed IPO on the Egyptian Exchange (EGX). Does the biggest share offer in EGX history unblock Egypt’s multi-billion pound privatization pipeline?
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 […]
Liquidity and cost of trading on Africa’s stock exchanges – Bright Africa 2018
RisCura’s annual Bright Africa report into African securities exchanges is out and highly-recommended. Key challenge to investors, African stock exchange operators and regulators remain: liquidity, free float and cost of trading. Broker commissions are high, but with low trading volumes they need incentives to change.
Bond trading coming to Egyptian Exchange, listing regulations eased
A bond-trading platform could be launched on the Egyptian Exchange (EGX) in Q2 of 2014, after 10 years of planning, and the regulator (Egyptian Financial Supervisory Authority EFSA) is to relax regulations from 1 Feb as part of ongoing reforms.
Citadel Capital to issue $528m shares
Shareholders of leading investment company Citadel Capital have voted recently to allow the company, which says it has US$ 9.5 billion in investments under control, to boost capital by EGP 3.64 billion capital increase as part of major restructuring.
Egyptian Exchange holds workshops with mutual funds to boost liquidity
The Egyptian Exchange (EGX) is busy with workshops for mutual funds and investment banks, aiming to boost trading volumes through better communications between market participants and listed companies.
Egypt’s Nilex exchange for SMEs adds 23rd listing
The Egyptian Exchange (EGX) has approved the listing of the 23rd company on Nilex (the Nile Exchange, its securities market for listing growing medium and small companies.
Egypt aims for 800,000 jobs
The short-term challenge for the Egyptian Government is to mobilize domestic and foreign investment to create 800,000 jobs. This was the energizing call from Hesham Kandil, the Prime Minister of Egypt, opening the 16th African Stock Exchanges Association conference in Cairo 2012 #ASEA2012 today (3 Dec).
Live from Cairo, launch of African Stock Exchanges Association conference
Launch today (3 Dec) of the 16th annual conference of the African Stock Exchanges Association, hosted by The Egyptian Exchange (EGX). This is the great annual gathering of Africa’s stock exchange leaders, visionaries, regulators, IT specialists, investors and many others.
African SE Association announces 2012 conference will be 2-4 Dec in Cairo
The Egyptian Exchange (EGX) has announced the 16th annual general meeting and flagship conference of the African Securities Exchanges Association (ASEA). This is the top conference for Africa’s capital markets. It will be Cairo on 2-4 December 2012.
Revolution at Egyptian Exchange – innovations to boost liquidity
The Egyptian Exchange is to introduce new products and trading innovations, including remote orders placed abroad, exchange-traded funds (ETFs), intraday trades and short selling. Mohamed Abdel Salam, chairman of the Exchange, says transparency is up and political uncertainty down in Egypt.
Egyptian Exchange opens, hit by giant wave of selling
The Egyptian Exchange opened today at 10:30am after nearly 2 months, and was immediately swamped with a flood of selling, which saw the index plunge nearly 10% and trading halted a few minutes after the exchange opened. After a regulated halt, the EGX 30 Benchmark slowly edged up before drifting through to close at 5,142.71 after a further 2 hours, down 8.9% on the day.
Egyptian Exchange again fails to reopen, bonds and GDR prices fall
The Egyptian Exchange has failed to meet another self-imposed deadline to reopen on 6 March, and investors are increasingly unhappy. In a statement on 3 March the stock exchange said the delay was linked to the resignation of Prime Minister Ahmed Shafik.
Investors worry as Egyptian Exchange again delays reopening
Investor confidence in Egypt is likely to be further undermined after officials again delayed the reopening of the Egyptian Exchange from today (1 March). It was announced late on Monday that trading would not start today at 10:30am but would again be put off until Sunday, 6 March. There have been repeated delays to the reopening.
Egyptian Exchange to start trading tomorrow (1 Mar)
The Egyptian Exchange is set to reopen tomorrow (1 March) after it closed on 27 Jan. in the popular uprising that saw President Hosni Mubarak resign on 11 Feb. It was due to open earlier, but delayed because strikes were devastating the banks on which it relies for clearing and settlement. Some selling is anticipated.
Private equity firm sees “compelling opportunities” in Egypt and beyond
A leading African private equity firm, Citadel Capital based in Cairo, says change in Egypt brings “very compelling opportunities for long-term private equity investors in Egypt and beyond.” But it warned in a recent press release: “The situation on the ground in Egypt remains fluid” and there could be “short-term impact on both our investment and divestiture plans.”