Tag: initial public offering

Ethio Telecom lists on Ethiopian Securities Exchange

A large group of Ethiopian men and women in formal attire on a stage with a bell, celebrating Ethio Telecom, the fourth listing on the Ethiopian Securities Exchange.

The giant Ethio Telecom S.C. has listed its shares for trading on the Ethiopian Securities Exchange (ESX) on 26 May, bringing 45,000 shareholders who paid some paid ETB 3bn ($18.8m) at ETB 300 a share in a high-profile initial public offering (IPO) from October 2024 to February 2025. Ethio Telecom is the first state-owned enterprise […]

ZEN Petroleum crowns successful first week on Ghana Stock Exchange

Women truck drivers at the all-women Ladybird Logistics to illustrate the successful share offer capital raise by ZEN Petroleum on the Ghana Stock Exchange

Leading local energy company ZEN Petroleum Holdings PLC has listed and started trading on the Ghana Stock Exchange (GSE) after raising GHS 640 million ($57.2m) in an oversubscribed initial public offering (IPO) of shares. The successful IPO and listing shows the promise of the exchange for other local companies aiming to expand and raise long-term […]

Egypt’s EGX: Gourmet Foods lists, 7 more listings expected

Overview of men and women at trading desks. Egyptian Exchange EGX boosted by IPO share offer

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: […]

Two IPOs transforming central Africa’s BVMAC exchange

People loading plants in pots. BGFI bank is raising capital via IPO on the BVMAC exchange.

Two initial public offerings (IPOs) to raise capital could be about to transform the Bourse des Valeurs Mobilières de l’Afrique Centrale (BVMAC), based in Douala. BGFI Bank’s $223m share offer The IPO and listing of BGFI Holding Corporation (BHC), Gabon-based parent company of the pan-African banking group BGFIBank, is set to be one of the […]

SGTM builds up Casablanca bourse after $548m share offer IPO was 34x over-subscribed

Giant cranes dwarf containers on a giant project

Update 18 December: SGTM listed as the 80th company on the Bourse de Casablanca on 16 December. According to the press release “This operation thus becomes the largest ever carried out by a private company, consolidating the Casablanca Stock Exchange’s position as an essential financing platform for major Moroccan companies… This IPO will allow SGTM […]

Cash Plus soars 61% after IPO oversubscribed 65x

City scape at night dominated by large Hassan II mosque, Casablanca, stock exchange reforms boost economy

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 […]

Dot Com Zambia IPO closed early after 114x oversubscription

top half of stock exchange announcement, Dot Com Zambia IPO initial public offering oversubscribed.

FROM THE LUSAKA SECURITIES EXCHANGE MARKET UPDATE: DOT COM ZAMBIA PLC IPO SUCCESSFULLY SUBSCRIBED The Lusaka Securities Exchange (LuSE) wishes to advise the market that the Offer Period for the Dot Com Initial Public Offering (IPO) successfully concluded on Friday, 5th December 2025, closing one week ahead of schedule as the offer was oversubscribed by […]

Dot Com Zambia launches IPO from 27 Nov

Graphic design to illustrate IPO share offer and capital raising for African tech firm on the Lusaka Securities Exchange.

(NOTE: This post is for news information only and does not constitute investment advice in any form) UPDATE: The Dot Com Zambia IPO closed a week early on 5 December after being 114 times oversubscribed. See our story on 9 December. Congratulations to all the offer team including the Lusaka Securities Exchange. Secondary trading in […]

Ethiopian Securities Exchange news roundup

Landscape view from high building of Addis Ababa business district and skyscrapers.

The Ethiopian capital market continues to score new milestones Three more service providers The Ethiopian Capital Market Authority (ECMA) issued licences to 3 new Capital Market Service Providers on 1 October 2025. They are: The ECMA has so far licensed 11 CMSPs. Ethio Telecom is the third listed share The Ethiopian Securities Exchange has three […]

Success with 5x oversubscription on Angola’s $241m IPO share offer

BBFA's record $241m IPO on Angola's Bodiva securities exchange doesn't ruffle the boats in Luanda harbour.

Angola’s stock exchange, the Bolsa de Dívida e Valores de Angola (Bodiva), scored a huge success with the successful outcome of its biggest initial public offering (IPO). The share sale of Banco de Fomento Angola (BFA) raised 220.9bn kwanzas ($241m) after its shareholders, Unitel and Banco BPI, sold 4,462,500 shares in an offer from 5 […]

25 September deadline for Angola’s biggest IPO – SEE NEWER STORY

Luanda Angola seafront where BAI is set for Angola's largest IPO

Update: The offer closed successfully with 5x oversubscription and raised $241m for the 2 selling shareholders. See our updated story here. Investors have just two days to join Angola’s largest initial public offering (IPO), as the offer by Banco de Fomento Angola, commonly known as BFA, closes at 3pm Angolan time on 25 September. It […]