One of Africa’s biggest economies is taking a step closer to establishing a capital market to allocate capital more efficiently. The National Bank of Ethiopia (NBE), the central bank, has published a draft Capital Markets Establishment Proclamation for consultation. According to a news report in Fortune newspaper, a technical committee consisting of people from the […]
The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner Mustafa Abdel-Wadood is cooperating with New York prosecutors after pleading guilty in a Manhattan court 2 weeks ago. He could face up to 125 years in prison. Abraaj was founded […]
Private equity fund managers (general partners or GPs) are using money promised by investors (limited partners or LPs) as security to borrow from banks. The Economist magazine says, in a recent article on the Abraaj crisis, says investors are becoming “warier of private-equity firms’ less orthodox tactics”. The magazine says that GPs use these “subscription […]
Funding organization FSD Africa is launching a 3-year programme to improve skills of Africa’s capital market regulators. The Securities and Exchange Commission SEC Nigeria is the first capital-market regulator after signing an agreement worth £450,000 ($585,200) on 28 September.
Investors can use their smartphones to check share and bond portfolios and send orders to stockbrokers in Zimbabwe with an online and mobile trading platform called C-Trade from today (4 July).
Blockchain technology can revolutionize trading in derivatives, fix inefficiencies and cut costs of trading if there is more standardization. Barclays Bank is one of the key champions and yesterday (26 April) spoke out at the annual meeting of the International Swaps and Derivatives Association (ISDA).
African capital markets are key to African development visions but governments must prioritize market finance structures over donor funding. There are $1trn of assets in pension, insurance and collective investment vehicles across sub-Saharan Africa, speech by Paul Muthaura, CMA Kenya.
Tomorrow (17 April) is the last day to register for the 7th Building African Financial Markets (BAFM) seminar with a top lineup to debate the future of Africa’s exchanges. It will be on 19-20 April and is organized by African Securities Exchanges Association and hosted by Nairobi Securities Exchange, Kenya.
Investor institutions are protesting moves by UK capital-markets regulator, Financial Conduct Authority, to alter listing standards to accommodate a potential $2 trillion listing of Aramco on the London Stock Exchange, the world’s biggest listing.
The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.
Court is the next battleground in a war between securities exchanges in South Africa. New exchange 4AX launched a High Court application to set aside both the decision of the FSB and its Appeals Board to grant a licence to new exchange ZAR X.
Leaders and movers of African capital markets are heading to Casablanca for the 6th Building African Financial Markets (BAFM) capacity-building seminar on 18-19 May, organized by Casablanca Stock Exchange with the African Securities Exchanges Association.
Capital Markets Authority (CMA) Uganda has been admitted by International Organisation of Securities Commissions (IOSCO) as signatory to Appendix A of Multilateral Memorandum of Understanding (MMoU).
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.
Trading is to start on South Africa’s new ZAR X securities exchange on 3 October. It gained a licence on 2 September and the first listings will be Senwes and Senwes Beleggings, with up to 5 listings planned for first week October.
South Africa’s second new exchange, which also got a licence according to the 2 September announcement by the Financial Services Board (FSB), is 4AX, also known as 4 Africa Exchange. It plans to trade securities that are currently traded over-the-counter (OTC) and to go live early in 2017.
Capital markets practitioners across Africa benefit from a graduate-level programme launched 3 May by the IFC, Milken Institute and George Washington University.
The 5th Building African Financial Markets (BAFM) capacity-building seminar is coming to the Nigerian Stock Exchange Event Centre in Lagos on 28-29 April, organized with the African Securities Exchanges Association.
The JSE-owned derivative central counterparty (CCP) JSE Clear has been recognized by the European Securities and Markets Authority (ESMA).
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has been accepted as an associate member of the International Organization of Securities Commissions (IOSCO).