Tag Archive for 'listing'

JSE growth board AltX scores 100th listing with Osiris

The 100th company listed on the AltX growth capital board of South Africa’s JSE Ltd securities exchange this week, when Bermuda-based Osiris Properties International did a dual-listing to help it raise capital.

JSE stock exchange unveils new Africa strategy

This morning South Africa’s securities exchange, the JSE Ltd, announced a revised strategy to attract more listings from other African countries, as international interest soars. The JSE is closing its Africa Board and moving the 2 listed companies onto the Main Board or to Alt-X if they are growth companies. The JSE is also stepping up trading in depository receipts (DRs) and offering a broader range of exchange-traded funds and debt instruments.

First global company lists on Stock Exchange of Mauritius

The first offshore company was approved to be listed for trading on the Stock Exchange of Mauritius. Evisa Investments Ltd, which has invested in Kenyan insurance, has a Global Business Licence Category 1, approved by the Mauritius Financial Services Commission.

Tanzanite miner Richland heads for Dar-es-Salaam bourse listing

Tanzanians are to be able to invest in the gems that bear their country’s name, tanzanite. Richland Resources Ltd, listed on the London Stock Exchange’s AIM market says that it plans listing at the Dar es Salaam Stock Exchange by April, according to local press reports.

Is lack of liquidity driving African issuers to list on London Stock Exchange and others?

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.

Bank of Kigali IPO lifts Rwanda Stock Exchange: 52% gain on first day

Interest in share offers is high on the Rwanda Stock Exchange, after shares of Bank of Kigali (BK) rose 52% to RWF190 in their first day of trading on 1 September.

Kenyan IPO only 60% subscribed but regional plans go ahead

Kenyan financial services firm British-American Investments Company Ltd. said on 23 August that its initial public offering (IPO) had only attracted 60.09% of the targeted KSh5.85 billion ($63million).

Tunis Stock Exchange seeks to support growth

The Bourse des Valeurs Mobilières de Tunis (BVMT – Tunis Stock Exchange), aims to support role in faster economic growth and has a 5-point development strategy. A share offer in May was 3.2 times oversubscribed.

Dar Es Salaam bourse aims for IPO and 2 cross listings, capital controls easing

The Dar Es Salaam Stock Exchange aims to increase to 18 listed companies and is preparing for an initial public offering (IPO) for Precision Air during September and cross-listings of 2 mining firms listed in London. Tanzania is also set to ease controls on the amount of shares foreigners can buy.

Nigeria’s Securities and Exchange Commission educates, partners Nollywood film

Nigerian regulator, the Securities & Exchange Commission, is travelling the country to build education and awareness. SEC Director General Arunma Oteh, SEC Commissioners and senior officials visited Port Harcourt, capital of Rivers State, for 4 days of meetings with stakeholder groups.