ZEN Petroleum crowns successful first week on 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
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: […]
Retail revolution on Nairobi Exchange
The number of equity trades every day has been doubling or tripling on the Nairobi Securities Exchange after Safaricom launched its retail-focused Ziidi trading platform. The platform opens buying and selling shares to nearly 38 million active subscribers of Safaricom’s M-PESA mobile money platform and strips layers of form-filling and investment minimums. The daily number […]
Two IPOs transforming central Africa’s 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
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
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
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
(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 […]
Cash Plus IPO in progress and 3 more listings in Casablanca
Morocco’s Bourse de Casablanca (Casablanca Stock Exchange) is dynamic for capital raising this year. Its first listing of the year was oversubscribed 64 times. Fintech Cash Plus is running its initial public offering (IPO) until 25 November, and Société Générale des Travaux du Maroc (SGTM) is to follow with an IPO open from 1 to […]
Ethiopian Securities Exchange news roundup
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
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
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 […]
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 […]
Grocer’s $440m is Africa’s biggest IPO of 2024
UPDATE 25 November: The Boxer initial public offer (IPO) raised ZAR 8.5 billion ($471 million) for South Africa’s Pick n Pay. It sold a 34.4% stake in its discount chain Boxer at ZAR 54 rand per share to institutional investors, as reported here on Reuters, which said: “The IPO is the second and final step […]
Ethio Telecom IPO – Updated with details
UPDATED WITH DETAILS OF SHARE OFFER The state-owned giant Ethio Telecom launched its offer of 10% of its shares to the Ethiopian public from 17 October and the offer will close on 3 January 2025. It is the first of a planned wave of privatization as part of revolutionary transformation to Ethiopia’s economy. The sale […]
IPO Watch – Altvest listing on JSE’s AltX to close 1 Oct
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Telco Orange rings up last share listing of 2022
The Bourse Régionale des Valeurs Mobilières (BRVM) regional exchange saw out the old year by listing the shares of telephone company Orange Côte d’Ivoire on 30 December for trading on the stock exchange. This follows the bourse’s biggest initial public offering (IPO) on the bourse, which raised XOF 141.0 bn ($233m). The listing came after […]
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 […]
MTN Uganda IPO doubles the Uganda Securities Exchange
CAPITAL-RAISING/ IPO NEWS – The Uganda Securities Exchange has more than doubled in size after the listing of telecommunications firm MTN Uganda on 6 December. This follows an initial public offering (IPO) that fell short of its target, but attracted 21,394 individuals and corporate investors, including 20,894 Ugandans. In total the parent company MTN Group […]
MTC Namibia IPO results, listing on Namibian Stock Exchange 19 Nov
MTC Namibia to list on Namibian Stock Exchange on 19 Nov after successful share offer IPO of 299 million shares. Its Namibia’s biggest share offer and raised $162m for the government which may be used to create a sovereign wealth fund..