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.
Canadian oil and gas company Africa Oil Corp has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.
[Egypt] IFC supports Dakahliya Businessmen Association for Community Development to boost lending to low income borrowers
IFC, a member of the World Bank Group, is providing advisory services to a leading microfinance institution in Egypt, to ramp up its lending to vulnerable and low-income citizens.
Sanlam, SAHAM’s partner since February 2016, will increase its stake in the capital of SAHAM Group’s insurance subsidiary, from 46.6 per cent to 100 per cent, according to the terms of an agreement recently reached.
STANLIB Index Investments has listed its S&P500 Index Feeder ETF and S&P500 Info Tech Index Feeder ETF on the Johannesburg Stock Exchange, further broadening the exchange's offering of global ETFs.
Ghana becomes sovereign shareholder in Africa Finance Corporation with $10 million initial equity investment
The Republic of Ghana has marked its 7th anniversary as a Member State of Africa Finance Corporation by becoming a sovereign shareholder in the Corporation, making an initial equity investment of $10 million.
African capital markets indicate recovery in 2017 with overall increase in value and volume of transactions, PWC
Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value, 2017 saw the largest initial public offerings over the trailing five-year period.
The CoreShares S&P Global Dividend Aristocrats Exchanged Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE), broadening the exchange's offering of innovative ETFs which.
More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project.
Global sales CRM platform, Pipedrive, has published its annual 'Global Sales Review 2017' report analyzing tens of thousands of sales teams worldwide.
[Kenya] Private sector output growth accelerates to fastest in two years, Stanbic Bank Purchasing Managers' Index
Operating conditions across the Kenyan private sector improved at a solid rate according to January survey data
Guinness Nigeria has announced its half year results for the period ended 31st December 2017.
Angola Investment Fund mulls performance-based forgivable loans for entrepreneurs and small businesses
The Angola Investment Fund (AIF) Board of Directors are investigating similar programs that could offer entrepreneurs and small business in Angola a performance-based forgivable loan options when they are looking to grow.
nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for global consumers to acquire, hold and spend Bitcoin with retailers and other merchants.
Global insurtech provider, Agile Financial Technologies, expands to Rwanda in partnership with Convergencium
Convergencium, a systems integrator and consulting organization in Rwanda has partnered with Agile Financial Technologies, to implement Agile FT's products and services in Rwanda and subsequently in other Sub-Saharan Africa countries.
Ghanaian startup Kudobuzz has acquired AdGeek, an ad creation tool used by many online merchants for prospecting new customers and ad retargeting.
Despite its existence for more than ten years, the Nigerian REITs market is underdeveloped with only three established and with a combined market capitalization of $151 million, or 0.36 per cent of the local stock market.
TriLinc Global Impact Fund commits $22 million in impact investments to companies in Sub Saharan Africa, Southeast Asia
TriLinc Global Impact Fund has approved $22.7 million in term loan and trade finance transactions with companies operating in Sub-Saharan Africa, Latin America, and Southeast Asia.
The Capital Markets Authority (CMA) has lauded the Cabinet Secretary to the National Treasury for the gazettment of the Capital Markets, Securities Lending, Borrowing and Short-Selling, Regulations 2017,
South Africa based fintech company Sygnia has launched the Sygnia Stabilized Growth Fund to the institutional market, a brand new concept in managing retirement fund savings.
Sandhills South Africa is set to open an office location in Johannesburg. The company distributes MarketBook South Africa—a print publication and online marketplace.
Citi’s Treasury and Trade Solutions (TTS) has expanded its WorldLink® Payment Services (WorldLink®) cross-border ACH capabilities to 60 countries including Africa.
In a move that will connect up to one million Nigerians with the latest crypto news and investment opportunities, Zloadr has officially signed a deal with a top Lagos newspaper.
Groupe SEB has signed an agreement with the Zahran family to merge small electrical appliances and cookware businesses with a view to reinforcing its local manufacturing base in Egypt to serve the local and export markets.
The real estate firm, Land LayBy was founded by Dr. Peter Tole, a Kenyan medical doctor resident in Australia, in 2014. Land LayBy is a unique combination of assistance to Africans in diaspora and accelerating economic growth on the continent.
Ayo Technology Solutions has listed on Software and Computer Services sector of the Johannesburg Stock Exchange Main board. AYO Technology is the 21st company to list on the JSE this year.
The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for $8 billion to be raised from capital markets.
[South Africa] Castleview Property Fund becomes twentieth company to list on the Johannesburg stock exchange this year
Castleview Property Fund has listed on "Retail REITs" sector of the JSE's AltX board. Castleview is the 20th company to list on the JSE this year.
Alphamin Resources Corp. has taken a secondary listing on the Non-ferrous Metals sector of the Johannesburg Stock Exchange AltX Board.
[South Africa] Sygnia Itrix 4th Industrial Revolution Global Equity ETF lists on the Johannesburg Stock Exchange
The Sygnia Itrix 4th Industrial Revolution Global Equity ETF has listed on the main board of the JSE making it the fifteenth exchange traded fund (ETF) to list on the JSE this year.
Westbrooke Alternative Asset Management is now South Africa's largest Section 12J manager, looking after almost half of the capital invested in S12J funds in the country.
Net1 UEPS Technologies has announced that its wholly owned subsidiary, Masterpayment has been appointed as a new partner for credit card processing and acquiring for cryptocurrency purchases for Bitstamp.
Sandown Capital Limited has listed in the Equity Investment Instruments sector on the main board of the JSE becoming the 18th company to list on the JSE this year.
Nigerian defense budget, valued at around US$1.5 Billion in 2017, registered a negative CAGR of over 10% during the historic period.
AGC Holdings Limited (AGC) Mauritius, a wholly owned portfolio company of Essar Global Fund Limited (Essar Global), has concluded the sale of 100 per cent of its stake in ESM Holdings Limited, Mauritius
Liquid Telecom closes $180 million senior secured notes tap offering, attracting strong interest from leading international markets
Liquid Telecommunications Financing PLC, part of the pan-African telecoms group Liquid Telecom, has successfully closed a $180 million tap offering of the Issuer’s $550 million 8½% Senior Secured Notes due 2022, at an issue price of 105.0 per cent.
The Johannesburg Stock Exchange (JSE) and FTSE Russell will extend its existing equity index partnership to also provide a range of co-branded fixed income indices.
The African Export-Import Bank (Afreximbank) has launched a new guarantee programme aimed at unlocking capital and leveraging much-needed financing into Africa.
Investment funds are already available for investment in Angola. They are an excellent savings alternative instrument for the national market.
Johannesburg Stock Exchange has launched a Green Bond Segment which will provide a platform for companies and other institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300 million.
A delegation from the London Stock Exchange Group has visited Cairo to support Egypt’s Stock Exchange development and connect Egyptian Government and companies to London markets.
4Sight Holdings Limited has listed in Non-Equity Investment Instruments sector of the JSE's AltX board aimed at small and medium-sized companies.
QGIAM, the private equity arm of Africa focused investment firm Quantum Global has announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed.
[South Africa] Brainworks becomes first Zimbabwean company to have primary listing on the Johannesburg Stock Exchange
Brainworks Limited has listed in the Equity Investments Instruments sector on the main board of the JSE.
World Bank and partners sign $155 million package to support access to affordable housing finance in West Africa
The West African Development Bank, the WAEMU Commission, the West African regional mortgage refinance company and the World Bank have signed a $155 million package to support the development of affordable housing finance in West Africa.
[South Africa] Old Mutual Alternative Investments acquires 50 percent stake in Faircape Life Right Holdings
Old Mutual Alternative Investments (OMAI), Africa's largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum.
Demand Management, Inc., says that Manufacture de Panneaux Bois du Sud (MPBS), a leading paper and forest products company, has become the first company in Tunisia to go live on the Demand Solutions DSX supply chain planning platform.
According to the latest report by McKinsey & Company on customer experience, “Superior customer experience is increasingly being recognized as a competitive advantage for businesses.
The new Ashburton Global 1200 Equity Exchange Traded Fund (ETF), with a large interest in developed markets, has listed on the Johannesburg Stock Exchange becoming the 9th ETF to list this year.
The National Communications Authority has given approval for the merger between Bharti Ghana Limited (Airtel) and Millicom Ghana Limited (Tigo), to proceed subject to some conditions.
The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for $90million sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction.
The Coca-Cola Company and Anheuser-Busch InBev have announced today that they have completed the transition of AB InBev’s majority interest in Coca-Cola Beverages Africa.
Global alternative asset manager The Carlyle Group has appointed Idris Mohammed as the Managing Director of Carlyle’s Sub-Saharan African Fund team (CSSAF), effective immediately.
US advisory firm has announced its entry into East Africa through collaboration with with Nexus Business Advisory Limited (Nexus), a tax, legal and business advisory firm based in Nairobi, Kenya.
Stadio Holdings Limited has listed in the Specialised Consumer Services sector on the main board of the JSE becoming the fifteenth company to list on the JSE this year.
Thiagarajan Ramamurthy, TRM, is a name synonymous with strategy and tact. He has been a formidable juggernaut in retail and manufacturing industries across Africa.
Cost Plus World Market® has launched its latest focused collection of artisan crafts with CRAFT Africa Collection, in select stores and online.
Rwanda Revenue Authority certifies 22 authorized economic operators facilitating faster and smoother trade
Rwanda revenue Authority (RRA) has signed MOU’s and awarded certificates of recognition to twenty-two companies in Rwanda who have been granted special customs status as Authorized Economic Operators (AEO).
Economic pressures on African reinsurance markets remain, but growth potential lures overseas players, report
The African reinsurance market has experienced material growth over the past decade. However, the operating environment remains challenging.
The African Development Bank (AfDB) has sold its first “Industrialize Africa” theme Bond to Fukoku Mutual Life Insurance Company, the sole investor in the transaction, for $40 million.
Johannesburg Stock Exchange expands product offering with listing of Satrix Quality South Africa ETF
The Johannesburg Stock Exchange (JSE) has expanded its product offering to investors with the listing of the Satrix Quality South Africa ETF (JSE: STXQUA). The new ETF will track the S&P Quality South Africa index.
Orion Minerals, an Australian base metals firm with an active exploration and development programme in South Africa, has listed in the Gold Mining sector on the Main Board of the Johannesburg Stock Exchange (JSE).
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.
Despite challenging economic conditions, retail sales growth for July 2017 was the highest recorded for that month since 2015.
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.
Consumer spending during the 2017 elections in Kenya saw Kenyan consumers remain resilient during the election period, according to Consumer Wallet - a platform launched by mSurvey and Safaricom in March 2017.
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.
Baker McKenzie’s latest quarterly Cross-border M&A Index shows that there were 17 inbound M&A deals in Africa in the second quarter of 2017.
The Johannesburg Stock Exchange has welcomed Argon Securities, a 100% black-owned brokerage firm, as one of its members.