Category archives for: Capital Market

African Companies Defied Headwinds to Raise $13.5 Billion Equity

April 26, 2018//-Despite difficult business environment, African companies have defied the odds to continue its upward growth trajectory raising about $13.5 billion equity in non-African capital markets in 2017, representing a 49 per cent increase from 2016, PwC 2017 report has said.

$500 Million Public Offer: SEC Confirms Talks With MTN Group

April 25, 2018//-The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO).

Kenya: Treasury Bills Subscription Stands at 162 per cent

April 24, 2018//-Treasury bills subscription rebounded during last week’s auction with a performance rate of 162.46 per cent.

NSE Migrates Access Bank, UBA To Premium Board

Lagos, Nigeria, April 17, 2018// – Access Bank and United Bank for Africa (UBA) joined the elitist Premium Board Index of the Nigerian Stock Exchange (NSE) after meeting stringent requirements set by the Exchange which place more emphasis on ethical issues and strong corporate governance.

Digicut Raises GH¢2.85M Ghana Alternative Market

Accra, April 11, 2018//-Digicut Production and Advertising has raised a total of 2.85 million Cedis on the Ghana Alternative Market (GAX).

Kenya’s Planned Sale of SOEs runs into Trouble

April 11, 2018//-Kenya’s plan to sell 26 state-owned enterprises (SOEs) to private investors has been delayed by bureaucracy in approval of the transactions by the executive and the proposed parastatal reforms, even as many of them continue to post poor performance.

NSE Lifts Suspension on Oando Plc Shares

April 11, 2018//-The Nigerian Stock Exchange (NSE) has lifted a technical suspension placed on Oando Plc shares.

Briefly…on the Return of Market Bears, Rise of Bond Bulls

April 10, 2018//-The bears are back in force. According to the April QuickPoll, the Goldman Sachs Securities Division’s monthly survey of global clients on leading market drivers, negative market sentiment continued to climb amid worries over trade and volatility.

Nigeria Stocks Drop to 3-month Low after Buhari Eyes Re-election

Lagos, Nigeria, April 9, 2018//- – Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his future after bouts of ill health.

Tech Woes, Worsening Tensions With China Sink US Stocks

April 3, 2018//-U.S. stocks are tumbling Monday after China raised import duties on U.S. pork, apples and other products. It’s too soon to call it the beginning of a trade war, but for now, investors aren’t sticking around to find out.

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