Tom Minney

London

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Articles

Money market trading underway on Ethiopian Securities Exchange (ESX)

Dec 5, 2024 | africancapitalmarketsnews.com | Tom Minney

As excitement builds ahead of the launch of the Ethiopian Securities Exchange (ESX), banks are already actively trading on its online Interbank Money Market trading platform, launched by the National Bank of Ethiopia (NBE) on 31 October. The electronic trading platform is managed by the ESX and developed and supplied by InfoTech Group. Private banks Wegagen and Awash International were the first to use the electronic platform.
Nigeria’s new listing tops trading volumes as shares soar

Dec 4, 2024 | africancapitalmarketsnews.com | Tom Minney

Housing and hospitality group Haldane McCall plc sees its listing on the Main Board of the Nigerian Exchange Limited as the route to raise future capital, and especially to address a deficit of as many as 20 million housing units in Nigeria. On 20 November, the company listed 3.12 billion ordinary shares of 50 kobo each at NGN 3.84 (USD cents 0.2) per share under the ticker HMCALL. It started with a market capitalization of nearly NGN 12bn ($7.34m).
Grocer’s $440bn is Africa’s biggest IPO of 2024

Nov 15, 2024 | africancapitalmarketsnews.com | Tom Minney

Grocery chain Boxer has launched its share offer, aiming to raise between ZAR 8.0 billion ($440 million) and ZAR 8.5 bn ($467m). Although it is described as an initial public offer (IPO), participation is by qualified investors. The offer opened on 11 November 2024 and will close at 12:00 noon (South African time) next Friday, 22 November. This article is not a promotion, see disclaimer below.
Options derivatives trading coming to Nairobi Securities Exchange

Oct 31, 2024 | africancapitalmarketsnews.com | Tom Minney

A big step forward for Kenya’s derivatives market NEXT, a part of the Nairobi Securities Exchange (NSE), as it moves to introduce options derivatives trading. These will be options on the existing NEXT securities, which are futures contracts for single stocks and indices offered by the NSE. The Capital Markets Authority Kenya has approved the development. The NSE has plans to introduce a wider variety of financial derivatives in future.
Ghana's OTC market aims to help smaller companies raise "patient capital"

Oct 30, 2024 | africancapitalmarketsnews.com | Tom Minney

The Ghana Stock Exchange has launched an official regulated over-the-counter (OTC) market where shareholders can trade in equities and other securities that are not listed on the official market. Rural and community banks which are not listed on the GSE could be the first users of the OTC market to offer their shareholders the opportunity to sell or buy their shares in a centralized marketplace.
Les banques nord-africaines restent dominantes

Oct 22, 2024 | magazinedelafrique.com | Tom Minney

L’Afrique du Nord accueille le siège de 43 des 100 premières banques du continent de notre classement. Plusieurs banques marocaines progressent, cette année. L’Afrique du Nord, et plus particulièrement l’Égypte, dominent le classement des meilleures banques. La région comprend le siège de 43 des 100 banques et l’Égypte est le point d’attache de 19 d’entre elles.
Top Banks 2024 : les leaders s'internationalisent - New African - le Magazine de L'Afrique

Oct 21, 2024 | magazinedelafrique.com | Tom Minney

Les grandes banques espèrent sauter le pas des technologies pour passer directement à la banque tout-numérique ; mais pour l’heure, seules quelques néobanques sont rentables. Les banques africaines jouent un rôle de premier plan dans le rapprochement des économies du continent et opèrent de plus en plus au-delà des frontières.
Ethio Telecom IPO today

Oct 15, 2024 | africancapitalmarketsnews.com | Tom Minney

The state-owned giant Ethio Telecom is to offer 10% of its shares to the public from today (16 October). It is the first of a planned wave of privatization as part of revolutionary transformation to Ethiopia’s economy. Here is the story on Bloomberg by Fasika Tadesse, which is one of the more accurate accounts. The shares are only available to local residents who can buy them using the telco’s telebirr mobile payment service.
Ecobank and British International Investment to boost Sierra Leone SMEs

Oct 9, 2024 | shorturl.at | Harry Clynch |Tom Minney |David Thomas

British International Investment (BII), the UK government’s development finance institution, has announced a $25m risk sharing facility with Ecobank Sierra Leone, in a move designed to help the lender commit significantly more capital to small and medium-sized enterprises (SMEs) and, in turn, promote stronger economic growth in the West African country.
Altvest listing on JSE’s AltX to close 1 Oct

Sep 29, 2024 | africancapitalmarketsnews.com | Tom Minney

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