African Union partners with APO GROUP to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai
The African Union has announced a partnership with the APO group to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai, to be held from October 2021 to March 2022.
Pour l'Afrique, c'est l'occasion de montrer au monde son vrai visage, notamment ses innovations, ses opportunités commerciales, son art, sa culture, son patrimoine et sa beauté naturelle
Algeria’s Sonatrach and Shell International signed a memorandum of understanding, which provides a framework for companies to explore means of cooperation on the supply and trading of hydrocarbons.
The National Post Office (Iposita) has adopted a codified addressing system that will make it possible for them to deliver packages and mails to the exact locations by use of grid code technology.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
USAID announced $15 million to support a partnership between Arizona State University and the Kwame Nkrumah University in Ghana to create an innovative research and training center to improve African supply-chains.
The role of procurement is about ensuring that business operations continue like clockwork no matter how disrupted the business environment is.
Manufacturing, logistical supply chain constraints inhibit vendors' capacity to address high demand for mobile PC devices in EMEA, IDC
The Europe, Middle East, and Africa (EMEA) traditional PC market declined YoY in 20202Q1 and totaled 16.4 million units, according to International Data Corporation (IDC).
Nigeria’s AFEX Commodities Exchange Limited has signed an agreement with FMDQ Holdings PLC to solidify their mutual interest in developing products to deepen the Nigerian capital market.
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to cooperate in promoting cross-listing and trading of green bonds in Nigeria and Luxembourg.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network forum to discuss the challenges facing the sector.
Kobo360 was launched in 2017 by entrepreneurs Obi Ozor and Ife Oyedele II. Kagure Wamunyu is the current CEO, leading the company's expansion and growth in the African region.
The Nigerian Stock Exchange has announced the listing of the Greenwich Alpha ETF by Greenwich Asset Management Limited, on its Daily Official List.
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
Capital Markets Authority (CMA) has approved the issuance of Kenya’s first unlisted green bond, to be issued by Acorn Project (Two) Limited Liability Partnership.
CMA rolls out CPD programme for the capital market practitioners in Kenya to enhance professionalism
As part of its drive to enhance professionalism for customer-facing staff working for capital market intermediaries in Kenya, CMA has rolled out a Continuous Professional Development Programme.
Nicky Newton-King will retire as Chief Executive Officer of the JSE on 30 September 2019. The Board has appointed Dr Leila Fourie as Group Chief Executive Officer, effective 1 October 2019.
The Financial Services Regulatory AuthorityADGM and Kenya's Capital Markets Authority have partnered to enhance cooperation in sustainable finance in each other’s markets.
Anne Wambui Gaitha is an investment and financial services professional. She founded Regal Africa in 2015. Located at Top Plaza, 4th floor, Kindaruma Road, Kilimani, Nairobi, the company provides diverse financial services in East Africa.
The Capital Markets Authority (CMA) has granted approval to Nairobi Securities Exchange (NSE) to launch and operate the Derivatives Exchange Market.
Nigerian Stock Exchange, Securities and Exchange Commission streamline approval process to encourage more listings
The Nigerian Stock Exchange, NSE, and the Securities and Exchange Commission, SEC, have moved to make the processes involving listing on the NSE more efficient by streamlining the approval process.
[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to AFG Wealth Kenya Limited to operate as Investment Adviser in Kenya bringing the number of investment advisers to 15.
Consumer credit reporting company Experian has completed the acquisition of South Africa's Compuscan and Scoresharp.
Nedbank Limited has become the first commercial bank in South Africa to list a green bond on the Johannesburg Stock Exchange, JSE’s Green Bonds segment.
Skyway Aviation Handling Company Plc has listed 1,353,580,000 ordinary shares at The Nigerian Stock Exchange Main Board.
Mulderbosch winery, widely considered one of South Africa's most iconic wineries has moved its US distribution to Third Leaf Wines.
Canadian-based gold mining and exploration Komet Resources Inc has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of its subsidiaries in Burkina Faso.
Mining company has announced that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation.
The Capital Markets Authority has secured the surrender of potentially illegal gains amounting to $4.5 million, in the context of the ongoing investigations into insider trading on KenolKobil shares.
Nigeria’s Access Bank Plc has issued the first certified corporate green bond in Africa, raising Nira 15 billion (US$ 41 million).
The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing.
Byron Mudhune is the co-founder and chairman of MafAfrique, an advisory and fund management group with operations in Africa and Eurasia.
As part of the strategy of diversifying products in the Kenyan capital markets, the frameworks to issue listed and unlisted green bonds have launched.
To further address the needs of its clients, global consulting firm Protiviti has expanded its Member Firm network to South Africa to add SekelaXabiso CA Incorporated (SkX) as its newest member firm.
Citi’s Global Issuer Services business, acting through Citibank, N.A. in its capacity as a depositary bank, has expanded its Global Depositary Note (GDN) product capabilities to Ghanaian government debt securities.
The Egyptian Exchange has launched a new fixed-weighted index dubbed "EGX30 Capped" that will include the activities of top 30 companies in terms of liquidity.
NIC Group PLC and Commercial Bank of Africa Limited, CBA board directors have agreed to the merger of NIC and CBA.
Global beverage company Coca-Cola Company has completed its acquisition of Chi Ltd. in Nigeria.
Money is one of life's most vital tools, it gives us the power to sustain, maintain, survive and the ability to leave a legacy for our loved ones.
IFC and West Africa Regional Stock Exchange have signed an agreement to cooperate toward improving corporate governance practices of listed companies.
Investors, issuers, certain representative bodies and debt sponsors have had their say in response to the Johannesburg Stock Exchange’s proposed new debt listing requirements.
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during the month of December, 2018.
Fairfax Africa Holdings Corporation has acquired 178,995,353 ordinary shares of Consolidated Infrastructure Group Limited at a price of ZAR4.00 per share.
Mastercard SpendingPulse: South African consumer spending shows moderate uptick ahead of the festive season
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
The World Federation of Exchanges and African Securities Exchanges Association sign deal to improve continent’s capital market
The World Federation of Exchanges, WFE, the global industry group for exchanges and CCPs, has signed a memorandum of understanding (MOU) with the African Securities Exchanges Association, ASEA.
Exploration and development company African Gold Group intends to complete a best efforts non-brokered private placement financing of up to 20,000,000 units.
Asante Gold has announced that in addition to its previous disclosure re sourcing a 50:50 joint venture partner for the exploration and development of the Kubi Gold project in Ghana, that the company will now consider cash bids for a 100% buy-out.
Integrated property investment company, Africa Logistics Properties has opened its first 49,000 sqm of modern grade –A warehouse at ALP North Industrial Park.
Vivo Energy plc, a pan-African retailer and marketer of Shell-branded fuels and lubricants, has announced that Vivo Energy will be included as a constituent of the FTSE 250 Index and the JSE All Share Index later this month.
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Basic toiletries, grooming products, medical screenings and haircuts are some of the items that see women spending hundreds to thousands of rands more than their male counterparts.
The JSE,National Treasury (NT) and a multi-stakeholder group ave officially launched the electronic trading platform (ETP) for government bonds.
Absa Corporate and Investment Banking (CIB) has been part of the recently announced Vodacom YeboYethu BEE deal in which it acted as the sole financial advisor.
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has acquired through its IDEAS Managed Fund - stakes in nine new solar and wind power plants in South Africa.
The Stock Exchange of Mauritius has approved the listing of Swala Oil & Gas from Tanzania which will now see the listing of the company’s $50 million corporate bonds.
Kenya’s Capital Markets Authority (CMA) has been recognized for its ’Outstanding Contribution to Capital Markets Stability Africa 2018’ for its ongoing initiatives to support and facilitate capital markets stability on the continent.
Advisory and fund management group, MafAfrique is set to open a new regional presence in Zimbabwe, located at the heart of Southern Africa Development Community.
The Nigerian Stock Exchange (NSE) has announced the listing of the N10.69billion, approximately $30 million, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchange by Debt Management Office, DMO.
IFC, a member of the World Bank Group, and AMMC, the Moroccan capital markets authority have announced a comprehensive set of guidelines for new financial instruments to address climate change.
Tanzania Minerals Corp. has announced the closing of a private placement offering of $629,993.88 of gross proceeds based on the issuance of 6,999,932 units at a price of $0.09 per unit.
Vantage Capital announces today that it has provided $10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.
The Capital Markets Industry has agreed to work together in a joint strategy to enhance product uptake and listings at the Nairobi Securities Exchange.
Dangote Cement PLC, Africa’s largest cement producer, has announced the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme.
Quilter plc, previously a subsidiary of Old Mutual plc, has listed independently on the Johannesburg Stock Exchange (JSE) Main Board.
Cytonn Investments, an alternative investment management firm in the East African Region, has secured an additional Sh2.1 billion in funding from their institutional partners, Taaleri of Finland.
Williamsville Sears Management Inc. has entered into the definitive agreement of the previously announced acquisition of Royal Systems & Services Limited in Ghana.
Grindrod Shipping Holdings Limited has listed on the Main Board of the Johannesburg Stock Exchange.
Exemplar REITail Limited has listed on the Main Board of the Johannesburg Stock Exhange (JSE), joining a diverse group of real estate companies represented on the bourse.
Fairfax Africa has entered into an agreement with a syndicate of underwriters under which the underwriters have agreed to buy, on a bought deal basis, 12,300,000 subordinate voting shares.
Asante Gold Corporation and Perseus Mining Ghana have agreed to modify the terms of their Betanase Option and Sale Agreement.
The Johannesburg Stock Exchange has celebrated the relisting of Distell Group Holdings the Main Board.
Diversified holding corporation Williamsville Sears Management Inc has signed a Letter of Intent for the acquisition of True Life Capital Microfinance Limited, a Ghana-based microfinance firm.
Mettle Investments, which forms part of JSE's listed Tradehold, has listed in the Speciality Finance sector of the JSE's AltX board.
Libstar Holdings Limited, a supplier of high-quality products in the consumer packaged goods industry, has listed in the "Food Products" sector of the JSE's main board.
Although the green bond market is still in its infancy, accounting for less than 0.5% of the global bond market according to Moody’s, it is experiencing strong growth and increased popularity.
Johannesburg Stock Exchange-listed Stellar Capital Partners and Warwick have announced the sale of the asset management business of Cadiz.
Oil and gas company Africa Energy Corp has announced that Nasdaq has approved the Company’s application for a secondary listing of its common shares on Nasdaq First North Stockholm.
Growthpoint becomes first South African corporate to list on the green bond segment of the Johannesburg Stock Exchange
Growthpoint Properties has listed on the Green Bond Segment of the Johannesburg Stock Exchange becoming the first corporate in South Africa to list in that segment.
Hosken Passenger Logistics and Rail Limited has listed in the "Travel and Leisure" sector of the JSE's main board. Hosken Passenger Logistics and Rail Limited is the 2nd company to list on the JSE this year.
Investment holding company Fairfax Africa Holdings Corporation has invested in secured convertible bonds issued by Atlas Mara Limited and has separately agreed to provide bridge financing to Philafrica Foods Proprietary Limited.
The Nigerian Stock Exchange is set to migrate Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board, 2018 sequel to them applying and meeting the Exchange’s listing requirements for the board.
Nigeria’s Debt Management Office has listed N100billion, $278 million, 7-year, Federal Government Ijarah Sukuk with a rental rate of 16.47% on the floor of the Nigerian Stock Exchange.
The Satrix Nasdaq 100 Exchange Traded Fund (ETF) listed on the Johannesburg Stock Exchange (JSE) bringing the number of ETFs listed on the exchange in 2018 to ten.
Alta Semper, a private equity manager investing flexible and strategic capital across select African growth markets, has announced a partnership with Nigeria’s leading retail pharmacy chain HealthPlus.
In debt finance transactions, the issuance of legal opinions is sometimes perceived as a perfunctory, final step in the closing process.
For the growth of the country’s economy to sustain and keep increasing, it will require efficiency and growth of financial institutions and deepening of capital market, the minister of Finance and Economic Planning has said.
Sub Saharan Africa is experiencing an unprecedented surge in demand for luxury products and services. This is particularly being driven by a booming middle class.
Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan.
[Kenya] Sidian Bank’s shareholders approve raising $15 million in additional share capital to fund growth
Sidian Bank’s shareholders have approved the raising of additional share capital of, $15 million, Ksh. 1.5 billion via a rights issue.
[South Africa] Ashburton lists world government bond Exchange Traded Fund on the Johannesburg Stock Exchange
The Ashburton World Government Bond Exchange Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE), becoming the exchange's first global bond ETF.
Earlier this year, the Moroccan Central Bank introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.
HashChain Technology Inc.has announced their vote to approve Dash proposals designed to help establish the cryptocurrency's presence and build awareness in Africa, Brazil and Venezuela.
Corporate finance advisory firm I&M Burbidge Capital has advised DFCU Bank in the sale of its majority stake in Crane Bank Rwanda.