Tag Archive for 'bonds'

World Bank $1.2bn to supporting financial sector in Ethiopia

The World Bank has announced that it will give a $600m grant and a $600m loan towards supporting reforms in Ethiopia’s financial sector including improving the investment climate, according to Reuters, plus technical support.

Rising debt tide threatens credit ratings across Africa

Credit ratings across Africa have been falling, and global rating agency Moody’s says the last 12 months saw far more downgrades than upgrades out of its 24 African sovereign ratings. Seven credit ratings are on negative outlook and only Morocco is on positive outlook.

Why Ethiopia needs a stock exchange as it liberalizes

One of Africa’s biggest economies. Ethiopia, announced a transformational liberalization and privatization campaign. But there is no Ethiopian stock exchange, limiting participation by citizens and domestic savings funds, and cutting transparency.

Sub-Saharan Africa investment banking deals in Q1

Mergers and acquisitions (M&A) in sub-Saharan Africa in Q1 of 2018 at $4.7 billion were 63% down on a year earlier, according to investment banking analysis for sub-Saharan Africa by Thomson Reuters, but there were $2.7bn in equity follow-on issues and $13bn in debt issues.

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.

Local bond markets to fore at AfDB workshop

African Development Bank’s African Financial Markets Initiative (AFMI) is discussing local-currency bond markets this week in Johannesburg with over 30 countries present to discuss domestic institutional investors and a key African bond index.

Soaring trading on Nigeria’s FMDQ market for fixed income and fx

Nigeria’s booming fixed interest and currency securities exchange FMDQ OTC Plc (“over-the-counter”) recorded market turnover of NGN93.9 trillion ($471.7 billion) for the 8 months to 31 August.

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

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.

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.