African markets

Three new ETFs to list on the Zimbabwe Stock Exchange

The Securities and Exchange Commission of Zimbabwe (SecZim) expects at least three new exchange-traded funds (ETFs) to list on the Zimbabwe Stock Exchange (ZSE) this year as capital markets continue to grow. ETFs are baskets of different types of investments such as stocks, commodities and bonds that are combined into a single entity, which then […]

African markets

7 state entities shortlisted to be listed on the Ghana Stock Exchange

By Ghanaian web Published: February 17, 2022 4:05 p.m. The Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah, said about 7 public institutions have been shortlisted for listing on the stock exchange this year. This comes after two committees – steering and technical [committees] – had to review the performance of some thirty […]

African markets

M-Pesa transaction value increases further in Q3

Safaricom (NSE:SCOM) saw further growth in the value of M-Pesa transactions in the quarter ended December, boosting revenue for the telecom operator which now derives the bulk of its sales from the financial service. M-Pesa’s performance during the reporting period was disclosed by Safaricom’s parent company, Vodacom Group. “Our M-Pesa platform, including Safaricom, continues to […]

African markets

Nigerian Exchange highlights its performance in 2021 and provides outlook for 2022

Nigerian Exchange Limited (NGX or The Exchange) hosted its 2021 Annual Market Recap and 2022 Outlook in conjunction with Renaissance Capital (RenCap) today, 03 February 2022. The virtual event facilitated conversations around The Exchange, Nigeria’s largest capital market and the economy as a whole with presentations from Chief Executive Officer, NGX, Temi Popoola, CFA, and […]

African markets

Zimbabwe Stock Exchange suspends trading in Zeco shares

The Zimbabwe Stock Exchange (ZSE) yesterday suspended trading in Zeco Holdings shares (ZSE: ZECO) citing a violation of its listing requirements after the company entered into a large transaction without the required approvals. Justin Bgoni, ZSE’s chief executive, said the transaction, the effect of which was to change the issuer’s sphere of activity, was done […]

African markets

Zimbabwe: Tanganda Tea guns for VFEX after ZSE return

TANGANDA Tea Company Limited On Thursday, Managing Director Timothy Fennell outlined his vision for listing on the Victorian Foreign Currency Exchange (VFEX) as a tea producer returned to the Zimbabwe Stock Exchange (ZSE) after a 14-year hiatus. Fennell told NewsDay Business after re-listing that Tanganda’s board opted for ZSE first, while studying liquidity trends on […]

African markets

AM Market Report Monthly – NOVEMBER 2020

This month, African markets were marked by four East African countries: Rwanda (CSR), Uganda (USE), Tanzania (EHR), and Burundi, which eventually merged their stock markets through a decade-long automation project to attract investment. This is a project that has been in the making since 2011 when the countries of the region embarked on the integration […]