African markets

DSE: Five Best Stocks to Buy in Tanzania

The Dar Es Salaam Stock Exchange, or DSE, is the official stock exchange of Tanzania which was established in 1994 under the 1994 Capital Markets and Securities Act (CMS). Originally incorporated as a private limited company, DSE is a non-profit organization that began operating in 1998. According to the review site Asktraders.com, DSE offers individual […]

African markets

South African Markets – Factors to Watch for November 3

The following scheduled political events, business announcements, stock market and currency movements could affect South African markets on Wednesday. POLITICAL EVENTS – South Africa continues to count the votes after the municipal elections on Monday, with partial results showing Tuesday that the ruling African National Congress (ANC) was on track to ensure its share of […]

African markets

Nigeria launches eNaira, Africa’s first central bank digital currency

(Xinhua) – Nigerian President Muhammadu Buhari on Monday launched eNaira, the country’s central bank (CBDC) digital currency, becoming the first African country to introduce an official digital currency. With the launch of eNaira in Abuja, Buhari noted that Nigeria is also one of the first in the world to introduce digital currency to its citizens. […]

African markets

African markets must improve ESG integration

The Absa Africa Financial Markets Index assesses the development of financial markets in 23 countries and highlights the economies offering the most favorable environment for efficient markets. The aim is to show the current positions of countries, as well as how economies can improve market frameworks to enhance investor access and sustainable growth. The index […]

African markets

MTN opens largest Ugandan IPO

MTN Uganda Limited is pleased to announce the opening of its Initial Public Offering (IPO) of 20% of its common stock, following approvals from the Capital Markets Authority of Uganda (CMA) and the Uganda Securities Exchange (USE ). The secondary sale of 4.4 billion shares by the MTN group will be done at an offer […]

African markets

Namibia: Paratus declares dividend of 20 cents for 2021

Listed telecommunications company Paratus Namibia Holdings Limited has declared a final dividend of 10 cents for fiscal 2021. It will be the highest dividend since the company’s IPO in 2017 and will be paid on November 12 of this year. This brings the annual dividend that the company partially paid and declared to 20 cents […]

African markets

Melcom Group of Companies acquires Pizza Hut in Ghana

GNA – Melcom Group of Companies, the diversified business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the international franchise rights for Pizza Hut in Ghana. A statement released by the Melcom Group of Companies, copied to the Ghana News Agency, said the franchise would be operated by the […]

African markets

Ghanaian fintech Waya sees strong growth propelling it into other African markets

Ghana-based payments startup Waya is seeing 20% ​​monthly growth in its three existing markets, prompting it to launch expansion activities in three other African countries. Founded in 2018 after co-founder Delali Anku-Adiamah took on the challenge of sending money back to Ghana while traveling to Africa, Waya provides seamless local and international payments and transfers […]