Ethiopia secures $4.8bn in pledges for mega-airport
Ethiopia’s Finance Minister Ahmed Shide has announced $4.8bn is pledged towards a giant $12.5bn Bishoftu International Airport to be built near Abusera, 40 km South of Addis Ababa. It will be Africa’s largest airport and reinforce Ethiopian Airlines leading position in passengers and cargo across and into the continent. There was intense interest in the […]
Uganda joins African exchanges link
The Uganda Securities Exchange (USE) has become the tenth African securities exchange to join the African Exchanges Linkage Project (AELP). The linkage platform enables stockbrokers on participating exchanges to send orders on behalf of their clients to stockbrokers on other exchanges, who will buy and sell shares on those exchanges. Ten 10 stock exchanges representing […]
Fund managers seek good governance
Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project. Key factors when they choose new markets are: market regulation (91% of replies), followed by investor regulation and […]
African exchanges link sets 2021 start date
Seven of Africa’s largest securities exchanges are set to have an active link by the first quarter of 2021, according to an article on Bloomberg.com today 30 December. The article quotes Karim Hajji, President of the African Securities Exchanges Association (ASEA) and CEO of Casablanca Stock Exchange. He says the African Exchanges Linkage Project (AELP) […]
Work starts on African exchanges linkage project
Africa’s stock exchanges, regulators, central banks, stockbrokers and clearing systems are working together on the African Exchanges Linkage Project (AELP), set to create trading and information links between the 7 leading securities exchanges. Participating exchanges at the first capital markets stakeholders’ roundtable were the West African regional exchange Bourse Regionale Valeures Mobilieres (BRVM), Casablanca Stock […]
First African fixed income ETF listed in Mauritius, tracking bond index
African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF), a pioneer exchange-traded fund (ETF) accessible to investors through listing on 18 September on the Stock Exchange of Mauritius.
Opinion: Steps for regional integration of capital markets
Can regional integration work for Africa’s capital markets and securities exchanges?
AfDB and stock exchanges group ASEA sign MoU for capital markets projects
The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed an MoU to deepen and connect Africa’s financial markets and mobilize more resources to drive growth.
AfDB $400,000 seed equity to central depositories link Africlear Global
The central depositories of Kenya and Nigeria have formed a joint venture Africlear Global with a custodian which is part of Altree Financial Services Group.
Commodity exchange builder teams up with pan-African bank
A dynamic African builder of turnkey commodity exchanges, eleni LLC, has teamed up with pan-African Ecobank to accelerate development of African agriculture.
African Development Bank starts move to Cote d’Ivoire in 2013
Africa’s top lending institution the African Development Bank (AfDB) has announced that it will start moving its headquarters and 1,500 employees from Tunisia to Ivory Coast, with first staff to move this year.
IFC and African Development Bank expand local currency finance
The International Finance Corporation, a member of the World Bank Group, and the African Development Bank are to work together to facilitate local currency lending and bond issuance in Africa. They signed an ISDA Master Agreement for this.
African Development Bank invests $100m to Agvance Africa PE fund of funds
The African Development Bank has approved an equity investment of US$100 million to Agvance Africa, which the bank claims is the first fund of funds focused on African agribusiness.
Bigger role for African Development Bank, considering move back to Cote d’Ivoire
The African Development Bank is playing its role in Africa with skill and is getting more backing from its principal shareholders because of its successes as an African institution. Moving back to Cote d’Ivoire is also on the agenda.