Capital Markets News

Prem Watsa, Founder, Chairman & CEO, Fairfax

Canadian insurer Fairfax said to raise about $500M for new Africa fund

Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, according to people familiar with the matter.

Nando's considering IPO

Soon You Could Buy Shares in Nando's

Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering a London Stock Exchange IPO, according to people familiar with the matter.

Nairobi, Kenya. Credit: Africa Capital Group/Ninara/Flickr

Africa to Rebound in 2017: Peter C. Thoms, Founder, Africa Capital Group

2016 was a tumultuous year that offered Africa investors many opportunities to make mistakes.

Arif Naqvi, Group CEO, Abraaj Group. Credit: Bloomberg

Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)

Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange working with MTN on 2017 listing

The Nigerian Stock Exchange (NSE) is working with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse said on Thursday.

Bola Onadele, CEO, FMDQ OTC Securities Exchange

Meet the Boss: Bola Onadele, CEO, FMDQ OTC Securities Exchange

The Financial Markets Dealers Quotations (FMDQ) OTC Securities Exchange is a Nigerian marketplace that trades debt securities and currency, specifically dollar against naira.

Port of Mombasa, Kenya

Why Invest in Africa? The Big Picture

While the last couple of years have been tough for African equities and currencies, we believe the long-term case for investing in Africa remains intact.

The checkout at Shoprite, Africa's biggest food retailer, in a shopping center in Warri, a fast-growing city in Nigeria's oil-producing region. Credit: nytimes.com

Shoprite & Steinhoff plot massive merger

Retail giants Shoprite and Steinhoff plan to merge to form what will indisputably be one of Africa’s largest retail businesses.

The case for South African hedge funds

The case for South African hedge funds: Jaclyn Petrone, Director of International Business Development, Laurium Capital

Over the years as international investors have searched for yield and found themselves looking towards Africa, many have invested with a long-term mindset focused on private and public equity strategies.

Chinelo Anohu-Amazu, Director General, Pension Commission of Nigeria (Pencom)

Nigeria pension funds look to small businesses for growth

Nigeria’s pension regulator hopes to launch a savings scheme for the country’s widespread small business sector.

Geoffrey Odundo, CEO, Nairobi Securities Exchange. Credit: marcopolis.net

Nairobi Securities Exchange to start offering ETFs in diversification drive

The Nairobi Securities Exchange expects its first exchange traded fund (ETF) to be approved by the regulator this year and trading to start soon after.

Zoya Sisulu, ‎Head of Debt Primary Markets, South Africa, Standard Bank. Credit: Business Day (South Africa)

African debt capital markets resilient in face of growth challenges

Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic and political challenges presented.

MTN Nigeria

MTN Nigeria begins IPO discussions

MTN has commenced talks with the Nigerian Securities and Exchange Commission (SEC) regarding an initial public offering in 2017.

Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

African stock exchanges should focus on smaller businesses: Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programs have channeled capital to the continent.

Nairobi, Kenya. Credit: investinginafrica.net/Ninara

Kenya's top three dividend stocks

Dividend stocks can provide a great foundation for an investment portfolio.

NNPC Towers, Abuja, Nigeria. Credit: iloveabuja.com.ng

Nigeria proposes broad oil sector overhaul and potential NNPC stock exchange listing

Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernize and streamline the industry.

MTN Nigeria

MTN versus Nigeria

MTN’s misadventures in Nigeria have become a cautionary tale for multinationals and governments in the region – but for which side is still a matter of some debate.

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria‘s largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

7 Reasons to Be Bullish on MTN Group

MTN Nigeria said to target $1 billion in Nigerian Stock Exchange IPO

MTN Group Ltd., Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about $1 billion in an initial public offering.

How to begin investing on the Nairobi Securities Exchange

How to begin investing on the Nairobi Securities Exchange

Kenya boasts a diverse economy, improving infrastructure, and a young, dynamic population. However, Kenyan stocks are trading at multi-year lows, offering investors a great entry point for exceptional long-term returns.

South Africa Leapfrogs Nigeria: Back to No. 1 spot in Africa on currency fluctuations. Credit: Bloomberg/IMF

South Africa's economy regains rank as Africa's biggest on rand appreciation (Infographic)

South Africa’s economy regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions.

Safaricom & M-PESA - An African Growth Story

Safaricom & M-PESA - An African Growth Story: Peter C. Thoms, Founder, Africa Capital Group

One of the larger holdings in our Africa strategy is Safaricom, the dominant mobile communications provider in Kenya.

MTN to list on the Nigerian Stock Exchange in 2017

MTN to list on the Nigerian Stock Exchange in 2017

MTN Group Ltd. appointed units of Citigroup Inc. and Standard Bank Group Ltd. as advisers on a planned listing of the wireless company’s Nigeria business on the country’s local stock exchange, part of a deal struck with the West African nation’s government to settle a record fine.

Bright Africa 2016 - Private Equity: RisCura

Bright Africa 2016 - Private Equity: RisCura (Report)

The increase in private equity fundraising in 2015 is evidence of the strong interest in investing in Africa’s real economy, despite the recent challenges in which many African countries find themselves.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

Johannesburg Exchange Boss Nicky Newton-King Braces for Competition

South Africa’s stock exchange is getting an upgrade. To keep up with growing competition, the Johannesburg Stock Exchange has embarked on a long-term project to gather all of its markets onto a single, faster trading platform and a new clearing system.

Dar es Salaam Stock Exchange IPO - Small is Beautiful

The Dar es Salaam Stock Exchange IPO: Small is Beautiful

When markets are moving sideways, like they have in Africa in recent months, it seems the best way to make money in stocks is to own a stock exchange.

Joseph Kitamirike, CEO, ALTX Africa Group

ALTX Africa targets small investors with new Uganda exchange

ALTX Africa launched a new financial exchange in Uganda on Wednesday that will allow investors to trade in small lots, boosting access to financial markets, its chief executive said.

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Naira float makes Nigeria stocks interesting again: Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Nigeria’s stock market is becoming the most interesting one on the African continent to foreign investors after the country devalued its currency, emerging market veteran investor Mark Mobius said on Wednesday.

Tanzanian stock exchange's IPO oversubscribed nearly five times

Tanzanian stock exchange's IPO oversubscribed nearly five times

The sale of shares in Dar es Salaam Stock Exchange (DSE) to the public was oversubscribed by nearly five times, the bourse said on Thursday.

Edoh Kossi Amenounve, General Manager, BRVM

West African BVRM exchange's revenue more than doubles in one year to $362M

Turnover on West Africa’s BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May.

A worker walks past an electronic board displaying movements in major indices, at the Johannesburg Stock Exchange in Sandton

South Africa may get three more stock exchanges ... and a lot more investors

Africa’s largest stock exchange, the Johannesburg Stock Exchange in South Africa, is about to get some competition on its own turf.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.

Etienne Nel, Co-Founder and CEO of South Africa’s soon-to-be second stock exchange, ZAR X

ZAR X: What will South Africa's second stock exchange do differently and who will it target?

Last week Wednesday South African company ZAR X announced that it had been granted a conditional stock exchange licence by the Financial Service Board (FSB).

Africa Capital Markets Watch 2015: PwC

African Capital Markets Watch 2015 (Report & Infographic): PwC

PwC’s 2015 Africa Capital Markets Watch provides an analysis of African equity and debt capital markets transactions that took place between 2011 – 2015. It also highlights the trends in African capital markets in 2015 which reflected strong figures.

Old Mutual shares surge on break-up and bid talk. Credit: Reuters

Old Mutual shares surge on break-up and bid talk

Anglo-South African financial services company Old Mutual said on Monday it was considering all options in a strategic review, with speculation of a break-up and takeover bids for its assets sending its shares soaring.

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays. Credit: altassets.net

Barclays' former CEO Bob Diamond reportedly wants to buy the bank's African assets

Bob Diamond, the American executive who was forced out as Barclays’ CEO in 2012, is reportedly interested in buying the British bank’s African operations.

African IPOs Set to Double Capital Raised in 2016 - Baker & McKenzie

African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange CEO Oscar Onyema appointed to second five-year term

The Nigerian Stock Exchange (NSE) has approved the appointment of Oscar Onyema to a second five-year term as Chief Executive Officer of the Exchange effective immediately.

Oscar Onyema, CEO, Nigerian Stock Exchange. Credit: naija247news.com

Nigerian Stock Exchange to expand range to lure investors, says CEO Oscar Onyema

The Nigerian Stock Exchange, Africa’s second-largest, is looking to attract investors spooked by a weakened currency and oil price by offering more products ahead of a possible listing.

Mitchell Elegbe, Founder & CEO, Interswitch

Nigerian fintech company Interswitch could become Africa's first startup to IPO at $1B+ valuation

Africa’s first billion-dollar tech IPO on a major exchange may be imminent.

Mitchell Elegbe, Founder & CEO, Interswitch

Helios said to be working with Citigroup to sell Nigeria's Interswitch

Helios Investment Partners, an Africa-focused private equity firm, is preparing to sell Nigerian payments-processing group Interswitch Ltd. in a deal that could value the company at more than $1 billion, people with knowledge of the matter said.