Corporate bond boosts Sierra Leone capital market
Sierra Leone’s nascent capital market saw the successful issue of a first corporate bond. Local microfinance institution LAPO (Lift Above Poverty Organisation) SL raised SLE 32 million ($1.4m) to expand its loan portfolio. LAPO SL serves micro, small, and medium enterprises (MSMEs) in Sierra Leone, with 33,000 customers across 37 branches, of which 99% are […]
Cross-exchange trading between Ghana and Nigeria stock exchanges
Brokers on the Ghana and Nigerian Stock Exchanges in July achieved a first cross border securities trade under the stage “sponsored access” of West Africa’s capital markets integration first launched 2013. This opens the way for more cross-border deals.
West African stock markets talking integration – will they walk the talk?
West African stock exchange leaders are again talking about integrating the markets. The exchanges in Ghana, Nigeria, Sierra Leone and Cote d’Ivoire have said they will seek to integrate by 2014.