News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
There is doubt on a £24.5bn merger between London Stock Exchange and Deutsche Börse after European Commission demand that LSE sell a 60% stake in platform MTS.
The London Stock Exchange has a licence from Hong Kong Securities and Futures Commission so Hong Kong stockbrokers can join as direct members and trade in LSE-listed stocks and bonds.
According to London Stock Exchange, there are 115 listings of companies focused on sub-Saharan African markets including 26 on the Main Market and 84 on AIM, the growth market.
After a high-speed 8 weeks installation, Dar es Salaam Stock Exchange (DSE) successfully “went live” on 27 June with an integrated trading system and clearing and settlement technology supplied by South Africa’s Securities and Trading Technology (STT).
The CEO of Tanzania’s Dar es Salaam Stock Exchange opened trading on the London Stock Exchange on 27 Jan alongside UK Secretary of State for International Development, the Rt Hon. Justine Greening MP. LSE Group signed a MoU with the Department for International Development to work on capital markets development across sub-Saharan Africa.
London’s role as the world centre for securities exchanges and finance got a further boost last night (29 October) when the World Federation of Exchanges voted to move its headquarters to London from Paris before the end of this year.
Fortunes improved for investors in companies on the London Stock Exchange’s Alternative Investment Market (AIM) market, according to a report by Deloitte examining listings and de-listings for 11 months to November.
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.
Mega-mergers and competition continues among the world’s biggest exchanges, despite the move by European regulators to ban Deutsche Börse (DB) and NYSE Euronext (NYX) from forming the world’s biggest exchange. Both are stepping up activities in selling exchange technology and looking at other new directions.
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.