Category archives for: Capital Market

Galaxy Capital Ready for SEC’s Minimum Capital Requirement

Accra, November 27, 2017//-Galaxy Capital Limited, the investment subsidiary of the Galaxy Group is in a good position to meet the stated capital requirement to be announced by the Securities and Exchange Commission (SEC).

GTI Securities Picks Elumelu Group as Bargain Stocks

Lagos, Nigeria, November 23, 2017//-Leading investment firm, GTI Securities Limited, has picked United Bank for Africa (UBA) Plc and Transnational Corporation of Nigeria (Transcorp) Plc, as the two topmost stocks for consideration by investors. Tony Elumelu’s Heirs Holding is a major investor in both UBA and Transcorp.

Research: African Currency Troubles Not Over

Accra, November 16, 2017//-The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, has revealed that  African currencies will continue to face downside pressures.

Mixed Trends on African Markets

October 31, 2017//-Still mixed trends this week on African markets with the highlight being signals of a recovery banking sector in Zambia which drove strong performance of the local index.

CEO of Agence Française de Développement Gets New Appointment

Paris, France, October 17,  2017 – Rémy Rioux, Chief Executive Officer of Agence Française de Développement, has been appointed Chairperson of the International Development Finance Club (IDFC) in Washington, USA.

Afreximbank Depositary Receipts Post Gains on First Day of Trading on Stock Exchange of Mauritius

Port Louis, Mauritius, October 9,  2017: – Following the successful close of the private placement with subscription far in excess of the $100 million minimum, Depositary Receipts (DRs) of the African Export-Import Bank (Afreximbank) started trading on the Stock Exchange of Mauritius (SEM) yesterday, with the Bank topping the list of issuers in terms of capital […]

Investors Neglect GAX Despite Improved Performances

Accra, October 4, 2017//-Despite the continuous decline in interest rates on fixed income securities, investors looking to cash in on stocks have and continue to neglect the four listed equities on the Ghana Alternative Exchange (GAX), preferring stick to the main bourse.

Why Banks Shareholders Should Care about Credit Risk

Accra, October 2, 2017//-A number of things will happen in 2018: Russia will be hosting the football/soccer world cup.  It will be a century since the end of World War I.  

How African Stock Markets Perform

September 25, 2017//-Most of the indices under our watch closed in the green zone with the ZSE reversing part of its gain from last week as doubt regarding the length and the sustainability of the rally is rising.

FSDH Merchant Bank Ltd Announces Investment by AFIG Funds

Mr. Papa Madiaw Ndiaye,              CEO of AFIG Funds Lagos, Nigeria, 21 September 2017,-/African Media Agency (AMA)/- FSDH Merchant Bank, a financial services group in Nigeria, announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in […]

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