London Stock Exchange (LSE) News

Akeem Lawal, Divisional CEO, Switching & Processing, Interswitch. Credit: SlimTrader

Interswitch Nigeria Sees Delayed IPO Concluded by End-2019

Interswitch Ltd., a Nigeria-based payments-processing company, expects to complete its delayed dual listing in London and Lagos before the end of 2019.

Is Nigeria's $300 million diaspora bond a worthwhile investment

Is Nigeria's $300 million diaspora bond a worthwhile investment?

Having been in the pipeline for some time now, Nigeria’s $300m London Stock Exchange-listed diaspora bond went down very well with investors, being 130% oversubscribed.

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16, 2017. Credit: Reuters/Toby Melville

South Africa's Brait suspends LSE listing plan on Brexit uncertainty

South Africa’s Brait SE has suspended plans to list on the London Stock Exchange.

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.

Nigeria's largest airline Arik air to double fleet by buying mostly Boeing planes

Nigeria's largest airline Arik Air to double fleet by buying mostly Boeing planes

Nigeria’s largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday.

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.

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.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Interswitch: Africa’s first ‘unicorn’? Credit: eyefortravel.com

Interswitch: Africa's first 'unicorn'?

An integrated digital payments and transaction processing company in Nigeria has travel companies queueing up, writes Sally White.

Former Barclays CEO Bob Diamond preparing bid for Africa arm of Barclays

Former Barclays CEO Bob Diamond preparing bid for Africa arm of Barclays

Bob Diamond has teamed up with a major private equity firm as he attempts to develop plans to mount a bid for the African operations of Barclays, the bank he ran until four years ago.

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.

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.

Tonye Cole, Co-Founder & Group Executive Director, Sahara Group

Nigeria's Sahara to raise up to $1.4B in London & Lagos IPOs along with debut dollar bond sale

Sahara Group, a Nigerian energy company, plans to raise as much as $1.4 billion through a dual listing of its oil and gas unit in London and Lagos along with a debut dollar bond sale.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Mitchell Elegbe, Group Managing Director, Interswitch

Nigeria's Interswitch considers IPO dual-listing on London Stock Exchange & Nigerian Stock Exchange for Africa expansion

Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, is considering initial public offerings in London and Lagos next year as it plans an expansion into new African markets.

FTSE and Stanbic IBTC develop Nigeria Investable Pension Fund (IPF) index

FTSE and Stanbic IBTC develop Nigeria Investable Pension Fund (IPF) index

FTSE Group (“FTSE”), the global index provider, announces the development of the FTSE Nigeria Investable Pension Fund (IPF) Benchmark.

Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM) regional stock exchange covers eight countries in Francophone West Africa.

London Stock Exchange eyes dual listings on West African capital markets

Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote eyes 2016 London Stock Exchange listing of Dangote Cement (Video)

Africa’s richest man, Aliko Dangote, plans to list Dangote Cement on the London Stock Exchange sometime before the end of 2016. Aliko Dangote is the Chairman of Dangote Group, one of Africa’s largest conglomerates.

Listing in Africa - Extractive Industries - KPMG

Listing on African Stock Exchanges - Extractive Industries: KPMG (Report)

The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination.

Russell Taylor, CEO, ITE Group

ITE Group enters into African event production market with $24M deal with Global Pacific & Partners (GPP)

Trade exhibition organiser ITE Group Plc (LSE: ITE.L – news) bought a majority stake in a portfolio of events, mostly in Africa, as the company looks to reduce its dependence on Russia, its biggest market.

Bryant (ABC) Orjiako, Chairman, Seplat

Seplat's Chairman ABC Orjiako on recent acquisitions and growth targets (Video)

Seplat‘s Chairman, ABC Orjiako, speaks about Seplat’s recent acquisitions of oil blocks OMLs 53 and 55, the development of gas operations, and hopes to meet a production target of 85,000 barrels a day by 2017.

Private Equity in Africa - Planting Seeds

Private Equity in Africa: Planting Seeds

Scant listings and light trading volumes rank among the biggest challenges for public investors in Africa. As investors on the continent’s local stock exchanges, we believe the growing interest in private equity opportunities on the continent will lead to more IPOs and more liquid markets.

Bryant (ABC) Orjiako, Co-Founder & Chairman of Seplat

Nigeria's Seplat gets more time to make an offer for Afren

British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria’s Seplat Petroleum Development Co to make a firm offer or walk away.

Aliko Dangote, Chairman, Dangote Group

Dangote Cement hires ex-Holcim India Head Onne van der Weijde as CEO

Dangote Cement, Africa’s biggest producer of the building material, hired Onne van der Weijde as chief executive officer, its outgoing CEO said.

Bob Diamond, Co-Founder, Atlas Mara & Former CEO, Barclays

Former Barclays CEO Bob Diamond could gain millions from new African investment venture

Bob Diamond, ousted as boss of Barclays last year after the Libor-rigging scandal, potentially stands to reap millions of pounds from a new stock market venture set up to acquire financial services companies in Africa.

Virgin Active has 114 sites in South Africa and 101 sites in the UK

Gym chain Virgin Active picks Johannesburg Stock Exchange over London bourse for £1.5B IPO

Gym chain Virgin Active is looking for investment bankers to run the likely £1.5B flotation of its shares on the Johannesburg Stock Exchange over the coming months.

Arunma Oteh, Director General of Nigeria’s Securities and Exchange Commission (SEC)

Nigeria's SEC announces exit of Director General Arunma Oteh

Nigeria’s Securities and Exchange Commission (SEC) on Sunday announced the exit of Arunma Oteh as the SEC’s Director General.

Bryant (ABC) Orjiako, Co-Founder & Chairman, Seplat

Nigeria's Seplat confirms interest in British oil producer Afren

Seplat Petroleum Development Co Plc confirmed that it was interested in British oil producer Afren Plc.

Afren

Afren shares jump 11% on preliminary offer from Nigeria's Seplat

Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

London Stock Exchange (LSE)

London Stock Exchange and the Nigerian Stock Exchange sign capital markets agreement

London Stock Exchange Group (LSEG) and The Nigerian Stock Exchange (NSE) have today signed a capital markets agreement that supports African companies seeking dual listings in London and Lagos.

The Global African Investment Summit (TGAIS) 2014

Global African Investment Summit ends with record number of 36 bankable projects worth $246B presented to international investors

The Global African Investment Summit (TGAIS) closed yesterday after two days of high level panels and roundtables to explore investment opportunities in Africa.

London Stock Exchange (LSE)

London Stock Exchange to pursue African company listings

The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Africa is finally on the path to becoming a consumer society: Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

For readers of a certain age, the name of Africa will never sit comfortably alongside the word luxury.

Barclays

Barclays' Exposure To Africa Is A Catalyst For Growth

With the upcoming Scottish vote on independence (scheduled for September 18, 2014), and the no-campaign losing ground, it is fair to expect turbulence in the British stock market in the next 10 days (or more, if the vote results in a victory for the yes).

Qatar National Bank (QNB)

Qatar National Bank (QNB) buys stock in Ecobank for 2nd time this month becoming top shareholder

Qatar National Bank SAQ, the Middle East’s biggest lender by market value, bought stock in Togo-based Ecobank Transnational Inc. (ETI) for the second time this month to become its top shareholder with a 23.5 percent stake.

Aliko Dangote

Cementing Africa's future: The rise and rise of Aliko Dangote, Africa's richest man

Aliko Dangote made his fortune by gambling on Africa’s future, repeatedly. For the Nigerian entrepreneur, that gamble has paid off spectacularly.

Disruptive: Ashish Thakkar wants to shake up African banking but disagrees with criticism of his partner, Bob Diamond

Ashish Thakkar: Bob Diamond's African partner in banking

When he was 15 years old, Ashish Thakkar told his parents that he wanted to leave his school in Uganda to build a business.

Oscar Onyema, CEO, Nigeria Stock Exchange

Nigeria Stock Exchange Chasing A Trillion Dollar Market Cap: Oscar Onyema, CEO, Nigerian Stock Exchange (Video)

Nigeria Stock Exchange Chasing A Trillion Dollar Market Cap: Oscar Onyema, CEO, Nigerian Stock Exchange

Wale Tinubu, CEO, Oando

Oando Shares Surge on the Nigerian Stock Exchange following approval of $1.65B Acquisition of ConocoPhillips Nigeria

Shares in Oando Plc rose the maximum 10 percent allowed on Nigeria’s stock exchange on Friday after the oil firm said it had won government approval to complete a $1.65 billion acquisition of ConocoPhillips’ Nigerian assets.

Ashish Thakkar, Founder & MD, Mara Group

Barclays' Former CEO, Bob Diamond, and Ashish J. Thakkar, Mara Group's Founder, to Raise $400M to Fund Investments in Africa

Atlas Mara Co-Nvest is looking to raise an additional $400 million to fund its investments in Africa.