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.
Stock exchanges across Africa should be working towards regional integration, says Prime Minister of Rwanda Anastase Murekezi, guest speaker at the African Securities Exchanges Association conference.
Can regional integration work for Africa’s capital markets and securities exchanges?
Securities exchanges in East Africa are working together on infrastructure for tighter cooperation and links between Rwanda, Kenya, Uganda and Tanzania and potentially Burundi through the East African Securities Exchanges Association (EASEA).
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.
The African Development Bank has signed a USD 100 million agreement with Germany-based Commerzbank AG in which the banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks and confirmed by Commerzbank.
The International Finance Corporation and 6 leading international finance institutions provided $164 million in financing to Rift Valley Railways International to rehabilitate the Kenya-Uganda railway today (2 August).
West Africa’s Bourse Regionale des Valeurs Mobilieres BRVM regional stock exchange is to move trading operations back to Cote d’Ivoire next Monday (16 May), after moving to Mali to avoid a violent political crisis.
West Africa’s regional stock market the Bourse Regionale des Valeurs Mobilieres (BRVM) has started trading from a new base in Bamako, Mali, after leaving Cote d’Ivoire because of the political crisis. Trading restarted in the new office on 1 March, but volumes are much lower.