Update 2 – Zimbabwe Stock Exchange automation successful
The Zimbabwe Stock Exchange started using its automated trading system (ATS) successfully on 6 July with rising volumes. It is a long-awaited change as the boursed move away from call over.
Woes of Zimbabwe Stock Exchange
The value of trading on the Zimbabwe Stock Exchange fell 22% in the first quarter of 2015 (compared to 2014), the bourse has been hit by controversies and several delistings.
Zimbabwe Stock Exchange new premises
Zimbabwe Stock Exchange moved to its new premises 44 Ridgeway North Highlands, Harare on 1 April.
Meet the new CEO of Uganda Securities Exchange
Paul Bwiso has big plans as new CEO of the Uganda Securities Exchange. Challenges include a rival exchange, more listings, automation and demutualization.
IPOs soar as Africa’s capital markets raise $11bn
• US$11bn IPO and FO proceeds raised in 2014 in African equity markets • US$37.4bn proceeds raised from 2010 to 2014 • 24 African IPO companies listed in 2014 African markets excelled in terms of capital raising for business in 2014 with a total of $11 billion raised through a total of 24 initial public […]
“Jeff” Otieno Odundo new head for Nairobi Securities Exchange
Geoffrey “Jeff” Otieno Odundo will be the Chief Executive of the Nairobi Securities Exchange (NSE), effective from 1 March 2015.
Nairobi securities exchange prepares for derivatives market launch
The Nairobi Securities Exchange is working to launch a derivatives market, including product and contract specifications, and public education, following the news on 19 Dec that the Capital Markets Authority granted a provisional licence and approved the NSE’s Derivatives Exchange Rules
Johannesburg Stock Exchange scores record with 395,969 equity trades in one day
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).
Total Senegal offers shares in IPO until 7 Nov for BRVM listing
Oil products company Total Senegal has an initial public offer (IPO) of shares open until 7 Nov, offering 8.9% of the company in an IPO before listing the African equities on the Bourse Regionale des Valeurs Mobilieres (BRVM).
Nairobi SE appoints Andrew Wachira as acting CEO
The Board of Directors of the Nairobi Securities Exchange appointed Andrew Wachira as the Acting CEO of the exchange, effective from 1 Oct 2014. Peter Mwangi left on 30 Sept.
Nairobi SE trades bonds on new automated trading system
The Nairobi Securities Exchange went live trading government and corporate bonds on an automated trading system, marking another step into Africa for South Africa’s financial software development company Securities Trading & Technology Pty (STT).
Direct market access links West Africa securities exchanges
The framework for linking West African securities exchanges starts with direct market access (DMA). A stockbroker on one West African exchange can transact on the Nigerian market through the system of an approved Nigerian stockbroker.
JSE and ASEA host African exchanges for capacity-building
The Johannesburg Stock Exchange (JSE) and the African Securities Exchanges Association (ASEA), supported by the World Bank Group, are hosting the third Building African Financial Markets seminar this week, bringing together stock exchanges, regulators, stockbrokers and others from across Africa.
Zimbabwe stock exchange moving to electronic trading and CSD
Electronic trading is coming to Zimbabwe Stock Exchange under a contract with InfoTech Group, and Chengetedzai Depository Company Ltd says 3 listed companies will be electronic from 8 Sept.
JSE seminar on African capital markets development
The Johannesburg Stock Exchange will host the 3rd Building African Financial Markets capacity-building seminar, in Johannesburg from 10-12 September.
Nairobi Securities Exchange IPO closes 12 Aug
The Initial Public Offering (IPO) of the Nairobi Securities Exchange Limited is open until 12 August. The NSE is seeking to raise KES 627 million ($7.14m) by selling up to 66,000,000 new shares (some 31% of the equity) at KES 9.50 each, open to domestic and international investors.
Nairobi Securities Exchange plans to offer 38% of shares in June IPO
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.
EFG Hermes says 3 IPOs coming to Egyptian Exchange this year
Three new initial public offer (IPO) share flotations with a total value of over $300m are planned for the Egyptian Exchange this year, says bank EFG Hermes.
Dar es Salaam Stock Exchange boosts operations and incomes
The Dar es Salaam Stock Exchange made operational improvements in 2013 including doubling trading hours, reducing settlement times on equities and bonds and introducing a wide-area network (WAN). Turnover soared five-fold to $156 million compared to 2012.
Tunis Stock Exchange IPO is largest listing
The listing of Société d’Articles Hygiéniques (SAH), on the Tunis Stock Exchange on 9 Jan after a private placement and an oversubscribed initial public offer (IPO) is the largest listing on the Tunis bourse, valuing the company at $163.5 million.