The global initiative to give business entities worldwide a Legal Entity Identifier (LEI) is to roll out for African small and medium enterprises through innovative collaboration including the London Stock Exchange and a Zimbabwean bank. The LEI provides globally recognized business identities to SMEs. In innovative partnership Zimbabwe’s NMB Bank will act as the first […]
Dynamic Nigerian entrepreneurs are in focus after the Nigerian Stock Exchange launched a growth board for fast-growing small and medium enterprises (SMEs) to help businesses raise long-term risk capital and grow. At the 29 January the bourse outlined the services on offer for businesses in the growth cycle. Services offered include: pre-listing diagnostics, institutional services […]
London Stock Exchange issues reports on African bonds, SME finance, passive flows and corporate information
London Stock Exchange Group has launched 5 reports on African capital markets, developed as part of its London Africa Advisory Group (LAAG) to put forward recommendations on developing African capital markets further to increase global investment flows.
Zimbabweans have a second option for regulated securities trading: Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a securities exchange (alternative trading platform).
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.
Africa’s stock exchanges have too few listings and too little trading, and regionalization may be one way to grow, argues The Economist magazine.
The Korean Exchange (KRX) has grown to be the world’s third biggest stock exchange for listing and trading SMEs by creating a virtuous cycle in which growth generates cash-flows which in turn fuel more growth.
How will stock exchanges stay relevant by tackling the problems of their societies, and participating in the giant growth set to follow? That question was posed at the start of the World Exchange Congress in London today, with SME finance among the themes.
An international panel of securities exchange experts has set up a task force to help securities exchanges raise capital for small and medium-size enterprises (SME), including the possibility of establishing a specialized SME exchange.
Entrepreneurs running small and medium-enterprises (SMEs) in West and East Africa stand to benefit from a new $75m private equity fund. The announcement follows the news on 29 Jan that two long-term private equity partners – Jacana and InReturn Capital – are merging.
This week the Nairobi Securities Exchange (NSE) has joined the rush into providing boards for small and medium enterprises (SMEs) with the launch on 22 January of the Growth Enterprise Market Segment (GEMS).
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.
According to news reports, the Board of the Zimbabwe Stock Exchange is close to negotiating an exit package with CEO Emmanuel Munyukwi, who was suspended in May.
Voxtra East Africa Agribusiness Fund, a Norwegian social investor, has completed its inaugural investment of US$1.5 million in Mtanga Farms Limited in Tanzania, which grows seeds, crops and livestock.
Abraaj Capital, a leading private equity manager investing into Africa, Middle East, Asia and Turkey, recently announced the acquisition of Aureos Capital, a global private equity fund management group investing in small and medium-sized enterprises across Asia, Africa and Latin America.
Morocco’s Casablanca Stock Exchange is offering grants to small and medium enterprises to encourage them to raise capital. The first listing of 2011 was 8.7x over-subscribed.
Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD Fund for MSME.
IFC on 8 March announced it was investing $10 million in equity in Catalyst Fund I LLC. The fund aims to stimulate employment and accelerate economic growth across East Africa by improving access to equity financing for emerging and mid-size companies.
Jacana, a UK-based group that supports emerging SME private equity firms in Africa, has launched its second investment, a strategic partnership with Ghanaian fund manager Fidelity Capital Partners Limited.