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African IPOs Set to double Capital Raised in 2016 amid of slow growth

LONDON, Capital Markets in Africa — Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies. Fifteen IPOs are already in the pipeline, with one, Nigeria’s Interswitch, which processes payments for banks and operates in five African countries, could be Africa’s first billion dollar IPO and first public Fintech company if it proceeds with plans to…

Foreign Investors Net Buyers of South African Shares and Bonds

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Johannesburg, South Africa, Capital Markets in Africa — Foreign Investors net buyers of South African shares and bonds on February 16, according to the figures released by Johannesburg Stock Exchange Limited, South Africa. However, on a year to date basis foreign investors re net seller. The table below shows the trade statistics. The values are in billions of South African Rand, month to date and year to date figure include purchases and sales until end of…

Kenyan Bourse Announces six Banks as Derivatives Clearing Members

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Nairobi, Kenya, Capital Markets in Africa — Nairobi Securities Exchange (NSE) appointed six banks as derivative clearing member. They are: Barclays Bank of Kenya, Co-operative Bank of Kenya, CFC Stanbic Bank, NIC Bank, Chase Bank and Commercial Bank of Africa, according to email statement by NSE. The email also stated that more lenders to be named in “near future” and Initial derivatives products will be single-stock, index futures, before currency-based contracts are offered.

Nigeria: Four Disquieting Subjects in the Market… Calls for Concerns?

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Lagos, Nigeria, Capital Markets in Nigeria — The Nigerian capital market and business community have been hit with a string of “bad news” in last few days, as unimpressive earnings releases – including the monumental loss reported by OANDO Plc – filtered into the market. The sequence of negative press was further amplified by regulatory sanctions on select listed and unlisted companies for alleged regulatory breaches. The actions and reactions that have trailed these events…

Rwanda’s 10-year Capital Market Master Plan in the offing

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Kigali, Rwanda, Capital Markets in Africa — The Capital Market Authority of Rwanda hosts a strategic planning roundtable designed to initiate the process of developing a ten-year capital market development master plan (CMMP). The three-day off-site meeting brought together international and regional experts as well as high-level Rwandan officials from the public and private sectors. Among the delegates were renowned capital market experts from 14 countries across the globe who were in the roundtable they included:…

African Equity Market August 2015 Report: Most Exchanges sag for both local and foreign investors, Egypt bled most …

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Lagos, Nigeria (Capital Markets in Africa):- African stock markets performance measured by country equity benchmark index return ended in negative for the month of August, with all indices closed in red zone for both local currency and dollar return basis. Still on local basis return, the August average return of -2.9 percent was recorded across eighteen African equity indices and August monthly returns ranges from -11.5 percent recorded by the Egyptian Exchange equity markets (measured by EGX 30 index) to -0.2 percent registered…

Johannesburg Stock Exchange launches JSE Eris Interest Rate Swap Futures

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JOHANNESBURG, South Africa (Capital Markets in Africa) — The Johannesburg Stock Exchange (JSE), the continent’s largest exchange, today have officially launched JSE Eris Interest Rate Swap (IRS) Futures. The new JSE Eris Interest Rate Swap (IRS) Futures will be based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand (ZAR). The product will follow the standard South African swap market conventions while using the Eris MethodologyTM, allowing the contracts to replicate the…

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