Steinhoff Africa Retail has listed in the Broadline Retailers sub sector on the main board of the JSE. Steinhoff Retail Africa (STAR) is the 14th company to list on the JSE this year.
The Management of Dangote Industries Limited has launched a passionate appeal to members of the public to assist in monitoring both the recklessness and the illegal haulage of contraband goods by some of its truck drivers.
South African gold producer AngloGold Ashanti has signed an agreement with an undisclosed party to sell the loss making Kopanang gold mine located in the west of Johannesburg.
African Rainbow Capital Investments Limited has listed in the Speciality Finance Sector on the main board of the Johannesburg Stock Exchange.
The African Export-Import Bank (Afreximbank) has presented its equity offering to Kenyan investors aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares.
Betloy ihas launched its football prediction website for lovers of football. Many fans utilize content like this for entertainment purposes while many others take it a step further by translating their passion into profits.
The Trade and Development Bank has recorded a net profit of 101 million dollars, a 7% increase over the $94.7 million achieved in 2015.
Allianz Group announced today a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH).
Britam Holdings total comprehensive income for the first six months of the year has increased to Shs1.9 billion compared to Shs1.88 billion for a similar period last year.
TriLinc Global Impact Fund approves $37.5 million in loans to companies operating in Sub Saharan Africa
TriLinc Global Impact Fund has approved $37.5 million in loan and trade finance transactions with companies operating in Sub-Saharan Africa, Latin America, and Southeast Asia.
Absa Bank has successfully refinanced and upsized Harmony Gold Limited’s existing $250 million Term Debt to a 3 year $350 million facility.
The JSE's performance was resilient in the face of a tough operating environment during the first half of 2017.
Ciao Group, Inc. has announced further details on an Initial Currency Offering (ICO) planned for later this year.
Decision Inc. a management and technology consulting organisation has confirmed the commencement of its international expansion strategy with the acquisition of ABM Systems.
The Johannesburg Stock Exchange (JSE), in partnership with FTSE Russell, launched eight new factor indices covering the South African equity market.
Kenya’ private sector activity continues to contract owing to a declining output even as the business conditions recorded deteriorating performance in July according to the Purchasing Managers’ Index (PMI) survey.
A study on the world's fastest growing middle class, estimates that Sub-Saharan African middle class consists of over 100 million people, excluding South Africa, with an aggregate spending power of over $ 400 million per day.
African financial institution, Guaranty Trust Bank plc, marks its tenth anniversary listing on the London Stock Exchange having been the first Nigerian bank to list on the London Stock Exchange.
The Johannesburg Stock Exchange (JSE) now offers investors an even wider range of products which give investors exposure to global markets with the listing of three new Satrix exchange traded funds (ETFs)
Nigeria details Guinness Nigeria Plc has presented a detailed breakdown of its plans to raise N39,700,688,598 by way of rights issue to its existing shareholders.
The asset management division of EFG Hermes, a financial services corporation in the Middle East and North Africa, has been awarded mandates from Ahli United Bank -Egypt to manage two funds.
The Johannesburg Stock Exchange has welcomed Argon Securities, a 100% black-owned brokerage firm, as one of its members.
CloudMargin and Strate Collateral Management introduce automation to South African OTC Derivatives Contributors
South African market participants can now enjoy unprecedented automation and straight-through processing by leveraging newly available, integrated cloud-based technology
RH Bophelo has listed as a special purpose acquisition company “SPAC” on the Main Board of the JSE
[Kenya] CMA seeks to develop sector with new policy for issuance of Global Depositary Receipts and Notes
In order to deepen and develop the capital markets through innovative products, the Board of Capital Markets Authority (CMA) has approved a Policy Guidance Note (PGN) for the listing and trading of global depositary receipts and notes.
Both the total value and total number of contracts traded on the JSE’s Currency Derivatives market has effectively more than doubled every year since the launch of the market in 2007.
The Johannesburg Stock Exchange recently launched a Soya Bean Crush futures contract which provides simultaneous exposure to soya beans as well as its processed by-products.
AEP Energy Africa has listed as a Special Purpose Acquisition Company (SPAC) on the JSE’s AltX board.
Guinness Nigeria Plc has now received clearance of the issue documents from the Securities and Exchange Commission and approvals from the Nigerian Stock Exchange to list the new Guinness Nigeria shares on The Nigerian Stock Exchange.
The Capital Markets Authority (CMA) has announced the gazettement of the Stewardship Code for Institutional Investors. This framework is only the second of its kind in Africa after South Africa.
Avior Capital Markets Holdings Limited has listed in the Financial Services Investment Services sector of the JSE’s AltX board.
The World Bank has launched collateral registry in Sierra Leone, an innovative financial tool that will allow smaller businesses to use movable assets like machinery to access loans, helping them grow.
The Nigerian Stock Exchange (NSE) has unveiled X-Academy, a knowledge-platform designed to provide education services to individuals for better understanding of various aspects of the capital markets.
On Saturday 10th June, the debt review industry will be holding it’s breath to see who the big winners in this year’s Annual Debt Review Awards will be.
The World Bank will provide a $29 million IDA* credit to Senegal to strengthen the country’s institutional capacities to negotiate complex agreements in the extractive industries.
The Nigerian National Petroleum Corporation is to build 500million standard cubic feet of gas per day metering plant to serve the planned capacity expansion of Egbin Power Plant.
Vodacom has announced its agreement to acquire a 34.94 percent stake in Kenya’s Safaricom, the global mobile money pioneer, for R34.6 billion ($2.6B)
JSE listed Capital Appreciation Limited (JSE: CTA) has acquired 100 percent of Synthesis Software Technologies for R132.1 million.
Britam Asset Managers has lowered its money market fund investment amount to Ksh 1,000 in a bid to encourage Kenyans to save more. The Britam Money Market Fund will allow investors to invest from as low as Kshs 1,000 with subsequent top ups of Ksh 1,000.
In support of Rwanda’s Sustainable Development Goals, the Mastercard Center for Inclusive Growth has confirmed its commitment to a grant of up to $1 million over three years to support the growth of small business owners in Rwanda.
No fewer than thirty-seven companies have submitted bids to supply six triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company.
Nigeria based logistics and distribution firm Courier Plus has opened a Nairobi branch as it mulls expanding to other countries in the region to sate the growing demand for logistical services.
Dangote Flour Mill (DFM) owned by Africa’s richest man, Aliko Dangote announced that it has sold its noodles business and assets to Dufil Prima, makers of Indomie noodles for an undisclosed amount.
Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011, even as the country’s downgrade to junk deepened a broad equity selloff.
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).
UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange as the insurance company completed its transformation into a financial services holding group.
Thebe Investment Corporation announced today that it has closed on the acquisition of a majority stake in Clear Asset (Pty) Ltd – a move that creates a leading black owned online auction house.
Shareholders of Britam Holdings have approved the sale of 10.37 per cent stake to International Finance Corporation, the World Bank Group’s private investment and lending arm, for Sh3.55 billion.
The African Minerals Development Centre (AMDC) together with the Minerals and Energy for Development Alliance (MEfDA) and the World Bank, has delivered the first of two regional workshops on transfer pricing in Africa’s mineral sector.
Listed diversified Pan-African financial services group The Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a global multi-asset class asset manager, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya (PIEAL).
Africa and Middle East security screening market by product, application, geography and forecast by 2022
Orbis Research added report on "South Africa Virtual Desktop Infrastructure Market By Implementation Model (Hosted Shared Desktop, Hosted Virtual Desktop), Trends, Forecast (2017-2022)"
American pharmaceutical and consumer packaged goods manufacturer has set up shop in Nairobi Kenya and Accra Ghana representing a novel approach to how Johnson & Johnson seeks to develop partnerships, products and service delivery models that address neglected and emerging health issues.
Real Relief has announced the launch of Lifeshelter®, a unique shelter and rehousing solution based on an innovative concept that is ideal for rapid temporary rehousing in emergency situations, as well as being re-purposed for permanent housing.
South Africa’s Liberty Holdings has announced that it will acquire a 75 percent stake in a Nigerian insurer, UNIC Insurance Plc, for 160 million rand ($12 million), an equivalent of N3.72billion.
Nigerian contemporary lifestyle retail group The Style Group, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce.
The Estée Lauder Companies has partnered with Jumia the leading online retailer in Nigeria to launch for the first time three of the Company’s brands – Clinique, Estée Lauder and Aramis.