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African countries (apart from South Africa) are set to place $7 billion of debt this year, buoyed by low interest rates and a huge global appetite. It is more than the previous 5 years combined and African capital markets are feeling the boom.
[view whole blog post"Unity has no meaning unless it is the ability of the coal miner in Botswana to power a plant in Angola or the farmer in Uganda to export food to those short of food in northern Kenya" says fashion giant Ozwald Boatang on the 50th anniversary of the African Union.
[view whole blog postThe first Eurobond issued by Rwanda, due to mature in May 2023, raised $400 million at 6.875% and the money will go to start generating hydroelectricity by December with further expansion in June 2014 and also pay for airline expansion and a convention centre.
[view whole blog postTanzanian news media yesterday (1 May) announced that 37-year old Moremi Marwa has been appointed as the new CEO of the Dar es Salaam Stock Exchange. He is the first stockbroker to manage the securities exchange.
[view whole blog postCongratulations to the Zimbabwe Stock Exchange on its excellent new website, including a very useful listed companies' data terminal, including annual reports, charting, trading and other data. Good work by the ZSE team and Rob Stangroom at African Investor Relations.
[view whole blog postThe Zimbabwe Stock Exchange has informed investors and the public in a press release that it has terminated the listings of 3 companies with effect from 23 Apr 2013.
[view whole blog postThe Egyptian Exchange (EGX) is busy with workshops for mutual funds and investment banks, aiming to boost trading volumes through better communications between market participants and listed companies.
[view whole blog postThe regional forum, the East African Securities Regulatory Authorities (EASRA), is seeking to create a harmonized licensing framework for the region for brokers and dealers, and has also approved draft regulations on book-building for adoption by its members. The draft book-building regulations are to be shared with stakeholders in the member States and their views [...]
[view whole blog postPrivate equity are getting harder in Africa, particularly for mega funds looking for $75m deals, and 57 funds are currently trying to raise $13.1bn causing a "traffic jam"m, say private equity experts.
[view whole blog postA major shift is coming in which investors, individual and institutional, will commit at least a portion of their investable assets to social impact and investing in harmony with their values, says Calvert Foundation..
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