Woes of Zimbabwe Stock Exchange
May 4th, 2015 by Tom Minney
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.
Tag Archive for 'governance'
4 priorities from new head of African stock exchanges
November 28th, 2014 by Tom Minney
The new President of the African Securities Exchanges Association (ASEA) put forward 4 strategic objectives for the member bourses. Oscar Onyema, CEO of the Nigerian Stock Exchange, was elected President at this week’s ASEA conference in Kenya.
Improving business climate is key challenge – Africa improves
November 6th, 2012 by Tom Minney
The business environment is rising higher on the agenda of African governments and more progress is being made, but there are still major issues. Doing Business 2193 report by the IFC and the World Bank and the Mo Ibrahim Index on African Governance, both published in October, highlight which economies and governments are improving fastest.
Are capital markets taking a wrong turn? Soul-searching on short-termism after UK’s Kay Review
July 26th, 2012 by Tom Minney
Lots of useful commentary is published this week about what’s going wrong with the world’s leading capital markets and finance and it has lots of useful insights for those involved in developing Africa’s capital markets. The latest bout of soul-searching follows the publication of Prof John Kay’s “The Kay Review of UK Equity Markets and Long-Term Decision Making” on 23 July.
Rwanda savings and credit coops to look at capital markets?
June 4th, 2012 by Tom Minney
Rwanda’s Savings and Credit Cooperatives (known as SACCOs) are being encouraged to take more interest in investing into the capital market including bonds and equities. They are estimated to hold deposits worth over RWF15 billion (US$24.7 million).
Zimbabwe Securities Commission refuses licence for ZSE bourse
December 17th, 2011 by Tom Minney
The Securities Commission of Zimbabwe (www.seczim.co.zw) has declined to grant the Zimbabwe Stock Exchange (www.zse.co.zw – under maintenance), an operating licence, according to local media, and is challenging the exchange to provide a business plan.
Tunisia Stock Exchange positive on economic prospects
November 28th, 2011 by Tom Minney
Share prices on the Tunisian Stock Exchange have been moving ahead all November, starting with a positive reaction to the meeting between Rachid Ghannouchi, leader of the Islamist Ennahda party and stock market executives only days after the election and moving forward as the politics progressed well.
Sierra Leone to be world’s fastest growing economy in 2012? (50% GDP growth forecast)
November 27th, 2011 by Tom Minney
Sierra Leone could be the fastest-growing economy in the world in 2012, according to a story on Bloomberg’s Businessweek, which says Finance Minister Samura Kamara forecasts growth at 50%, because of new iron ore mines coming on stream, and 10% in 2013 and in 2014.
Is lack of liquidity driving African issuers to list on London Stock Exchange and others?
November 3rd, 2011 by Tom Minney
Reuters newsagency has put together stories on issuers’ and investors’ difficulties with African stock markets. These include lack of liquidity and sinking currencies. It notes that African companies are increasingly dual listing on international stock exchanges.
OPIC invests $285m in 6 impact investing funds
October 31st, 2011 by Tom Minney
U.S. development finance institution, the Overseas Private Investment Corporation (OPIC), is to invest up to $285 million in financing to private equity funds. These in turn should raise more than $875m, representing the largest commitment by the U.S. Government to impact investing in emerging markets.