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.
Momentum building ahead of the key event for the stock exchange community, the World Exchanges Congress, now in its 11th year and back in central London from 22-23 March.
The Johannesburg Stock Exchange equity market scored a record number of 395,969 securities trades on 16 October. The total value was just over R24.6 billion ($2.2 bn).
The Nairobi Securities Exchange is pushing ahead fast with its demutualization plans and will sell up to a 38% stake in an initial public offering (IPO) in June.
London’s role as the world centre for securities exchanges and finance got a further boost last night (29 October) when the World Federation of Exchanges voted to move its headquarters to London from Paris before the end of this year.
South Africa’s JSE Ltd reported a 22% increase in net profit after tax to R253.8 million for the 6 months to June, driven by a 7% increase in revenue combined with controlled operating costs. The bourse declared a special dividend of 210c/share.