How good are Africa’s financial markets?
Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s Chief Economist, about whether the Absa African Financial Markets Index (AFMI) has an impact on financial markets development. Key findings of the 7th annual AFMI (download your free copy here) […]
Malawi Stock Exchange to start automated trading in May
Malawi Stock Exchange is set to go live with an automated trading system (ATS) by end May and 30 April is start date for dematerialization as shareholders move physical certificates onto the Reserve Bank of Malawi electronic Central Securities Depository.
Strate’s CEO Monica Singer steps down to focus on blockchain
Monica Singer, former CEO of South African CSD Strate, left at the end of August 2017 after nearly 20 years. She will concentrate full time on blockchain.
Namibian SX and Bank of Namibia poised to launch paperless
The Namibian Stock Exchange and the central Bank of Namibia are working together to create a central securities depository (CSD) for equities, bonds and bills traded. They are waiting for laws and regulations to be passed to get the new system operational.
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.
UPDATE – Zimbabwe Stock Exchange delays automated trading
The Zimbabwe Stock Exchange (ZSE) has announced that it did not launch electronic trading today as planned and this has been delayed indefinitely.
Zimbabwe central depository brings shares on board
Chengetedzai Depository Company Ltd, Zimbabwe’s central securities depository (CSD), was reported that the last securities had been brought on board in March 2015.
Rwanda Stock Exchange closer to Nasdaq X-stream automated trading
Rwanda Stock Exchange says it is close to an Automated Trading System using technology from Nasdaq OMX and will link to the National Bank’s central securities depository.
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.
Zimbabwe Stock Exchange set to pay off its suspended CEO
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.
Botswana Stock Exchange launches automated trading
Months of hard work came to a climax when the Botswana Stock Exchange successfully launched its automated trading system (ATS) and now has live trading. This replaces the open outcry trading system and the aim is to make the BSE more visible and trading more efficient.
Electronic trading and central securities depository coming for Zimbabwe?
A company has been engaged to switch the Zimbabwe Stock Exchange to electronic trading and Cabinet has discussed this and setting up a Central Securities Depository by year-end.