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.
The 5th Building African Financial Markets (BAFM) capacity-building seminar is coming to the Nigerian Stock Exchange Event Centre in Lagos on 28-29 April, organized with the African Securities Exchanges Association.
The Nairobi Securities Exchange is working to launch a derivatives market, including product and contract specifications, and public education, following the news on 19 Dec that the Capital Markets Authority granted a provisional licence and approved the NSE’s Derivatives Exchange Rules
International Financial Law Review (IFLR) Africa Forum on 20 May to focus on innovative financing and M&A for resource and infrastructure investment.
South Africa’s Johannesburg Stock Exchange (www.jse.co.za) is the world’s best-regulated stock exchange for the fourth year running. The 2013-14 Global Competitiveness Report by the World Economic Forum (WEF) ranks South Africa first out of 148 countries for regulation of securities exchanges. South Africa’s financial market development ranking remains impressive at third in the world. This […]
The International Organization of Securities Commissions (IOSCO) published on 4 March a report on liquidity risk management for collective investment schemes (CIS)
The 86 emerging markets members of the world’s securities markets regulator, International Organization of Securities Commissions form 80% of IOSCO membership and are increasingly important in the global economy. They back setting up IOSCO Foundation, to boost funding so IOSCO can scale up research, education and training and technical assistance.
Today the Nigerian Stock Exchange is to launch its market-making programme. This will be a hybrid process, with market makers offering 2-way (buy-sell) price quotes in selected securities and a continuation of the current process in which licensed broker/dealers of the NSE submit orders.
South Africa’s Minister of Finance, Pravin Gordhan said the continent needs to take advantage of having a market of 1bn people and some of the world’s fastest-growing economies: “You can’t ignore a continent like Africa. In the next 15-20 years the focus on Africa will sharpen.”
South Africa’s Government has released the Financial Markets Bill for public comment, with comments due by 5 September. The new law would replace the Securities Services Act.
The dynamic Stock Exchange of Mauritius is pushing ahead with building itself as a secure base for international funding transactions and an African alternative to international listing venues. It is moving to becoming a multi-product exchange aimed at the international market.